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    516 3Rd St Des Moines, IA 50309

    Sponsored
    For Lease
    $14 SF/Yr ($6,651 /Mo)

    Prime Des Moines location, multiple suites available.

    Lot size:
    5,505 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property at 516 3rd Street in Des Moines, Iowa, offers a fantastic opportunity for businesses seeking flexible office space. Located in Polk County, this two-story building boasts a total of 5,505 square feet, currently entirely vacant and ready for immediate occupancy. The property is situated on a generous 1.22-acre lot, providing ample space and potential for future expansion. The building is classified as Retail, Office, and Restaurant, making it suitable for a variety of uses. Currently configured as traditional office space, it offers multiple tenancy options with a minimum divisible space of 1,118 square feet and a maximum contiguous space of 4,387 square feet. This allows for businesses of various sizes to find a suitable fit. The property's address is 516 3rd Street, Des Moines, IA 50309. Its prime location in Des Moines offers excellent visibility and accessibility, making it an ideal choice for businesses looking to establish a strong presence in the area. The entire 5,505 square feet is available for lease, presenting a unique chance to secure a substantial and versatile commercial space in a thriving Iowa market. Contact us today to learn more about this exciting opportunity.

    Property Features for 516 3Rd St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,505 SF
    Total Rate
    6651.88

    Building Details

    Stories
    2

    Unit(s) available at that property

    Space
    1st Floor
    Size
    4,387 SF
    Rate per SF
    $14
    Space
    2nd floor
    Size
    1,118 SF
    Rate per SF
    $14

    HighLights

    • High visibility and excellent signage opportunities due to high traffic counts.
    • Convenient access via I‑235's 3rd Street exit, four blocks north.
    • Ample off‑street parking available.
    • Close proximity to a city parking garage, Wells Fargo Arena, hotels, and the Principal River Walk.
    Property Profile Location Intelligence

    Current Use by Public Records

    Juicebox Software Company Kinetic Edge Physical ... Physical Therapy Clinic Beyond Recovery Massage, ... Sports Massage Therapist Todd Calvin Schemper Physical Therapist SitelogIQ Corporate Office

    Suggested Use

    Realty agency Spa & Massage Dental Office Restaurant Hair Salon Nail Salon Clothing Store Building Supply Daycare Center Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.6218396
    Latitude
    41.5891824

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    FAQs

    What type of property is this?
    Restaurant - Prime Des Moines location, multiple suites available.
    Where is this restaurant located?
    The property is located at 516 3Rd St Des Moines, IA.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: High visibility and excellent signage opportunities due to high traffic counts.; Convenient access via I-235's 3rd Street exit, four blocks north.; Ample off-street parking available.
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    516 3Rd St Des Moines, IA 50309
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    516 3Rd St Des Moines, IA 50309
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