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    611 5Th Ave Des Moines, IA 50309

    For Lease
    $11 SF/Yr

    Class A Office, 21,523 SF Available

    Lot size:
    74,110 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional Class A office space, located at 611 5th Avenue in Des Moines, Iowa, offers 21,523 square feet of immediately available space within a meticulously renovated 74,110 square foot building. The property, a landmark in Polk County, underwent a comprehensive $23+ million modernization, transforming a 68-year-old building into a state-of-the-art executive office environment. The renovation preserved the building's mid-century charm while incorporating contemporary amenities expected in a Class A space. This multiple-tenancy building boasts a prime downtown location, directly south of the Hilton Des Moines Downtown. Its strategic position provides unparalleled convenience, with direct skywalk access to the Iowa Events Center, Wells Fargo Arena, Hy-Vee Hall, a YMCA, and numerous popular restaurants. The available space is ideal for businesses seeking a prestigious address and seamless connectivity to the city's vibrant core. The zip code is 50309. This is a rare opportunity to secure high-quality office space in a revitalized iconic building. Contact us today to schedule a viewing and explore the possibilities.

    Property Features for 611 5Th Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    74,110 SF
    Class
    A
    Total Rate
    71022.08

    Unit(s) available at that property

    Space
    Garden Level Suite G10
    Size
    21,523 SF
    Rate per SF
    $11

    HighLights

    • 21,523 SF of immediately available Class A office space in a meticulously renovated building at 611 5th Avenue, Des Moines, IA 50309.
    • Convenient skywalk access to the Iowa Events Center, Wells Fargo Arena, and Hy‑Vee Hall.
    • New rooftop patio and street‑side patio opportunity.
    • Shared amenities include a training room, conference room, and collaborative lobby seating area with hospitality desk.
    • Tenant improvement package and building signage available.
    • On‑site parking and wheelchair‑accessible entrance.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Des Moines Rehab ... Association / Organization Aviva Life & Annuity ... Insurance Agency Jester Insurance Services ... Insurance Agency American Investors Life ... Insurance Agency Starbucks Coffee Shop

    Suggested Use

    Realty agency Spa & Massage Dental Office Restaurant Hair Salon Nail Salon Building Supply Clothing Store 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
    -93.6240758
    Latitude
    41.5899884

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office, 21,523 SF Available
    Where is this office property / space located?
    The property is located at 611 5Th Ave Des Moines, IA.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: 21,523 SF of immediately available Class A office space in a meticulously renovated building at 611 5th Avenue, Des Moines, IA 50309.; Convenient skywalk access to the Iowa Events Center, Wells Fargo Arena, and Hy-Vee Hall.; New rooftop patio and street-side patio opportunity.
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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
    611 5Th Ave Des Moines, IA 50309
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