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    777 3Rd St Des Moines, IA 50309

    Sponsored
    For Sale
    $4,500,000

    Des Moines Office Building - $4.5M

    Property size:
    30,210 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional three-story, 30,210-square-foot traditional office building, constructed in 1967 and renovated in 1996, presents a compelling investment opportunity in Des Moines, Iowa. Located at 777 3rd St, in Polk County, zip code 50309, the property sits on a 0.84-acre lot and offers single-tenant occupancy. The asking price is $4,500,000, translating to $148.96 per square foot. Boasting a prime downtown location, the building provides convenient interstate access and unparalleled visibility, ideal for strong signage recognition. Enjoy breathtaking 240-degree views of the Des Moines skyline, including the state capitol and Des Moines River. The building's best-in-class design and construction are complemented by on-site parking. This property offers a unique chance to align with key downtown attractions such as the Wells Fargo Arena, Lauridsen Skate Park, and future water trails, ensuring strong potential for future growth and value appreciation. The building's prominent location and impressive features make it an exceptional investment opportunity in a thriving urban center.

    Property Features for 777 3Rd St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    30,210 SF
    Lot Size
    36,590 SF

    Building Details

    Year Built/Renovated
    1967/1996
    Buildings
    1
    Stories
    3

    HighLights

    • Exceptional three‑story, 30,210‑square‑foot office building in Des Moines, IA.
    • Located at 777 3rd St, Polk County, 50309, on a 0.84‑acre lot.
    • Asking price: $4,500,000 ($148.96/SF).
    • Prime downtown location with interstate access and high visibility.
    • Offers breathtaking 240‑degree city views and on‑site parking.
    • Single‑tenant occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Iowa State Education ... Non-Profit Organization Mid-Iowa Uni Services ... Employment Agency

    Suggested Use

    Realty agency Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.620889024474
    Latitude
    41.59154963806

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    FAQs

    What type of property is this?
    Office Property / Space - Des Moines Office Building - $4.5M
    Where is this office property / space located?
    The property is located at 777 3Rd St Des Moines, IA.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: Exceptional three-story, 30,210-square-foot office building in Des Moines, IA.; Located at 777 3rd St, Polk County, 50309, on a 0.84-acre lot.; Asking price: $4,500,000 ($148.96/SF).
    (515) 415-6115
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    777 3Rd St Des Moines, IA 50309
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    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
    777 3Rd St Des Moines, IA 50309
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