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    1420 Locust St Des Moines, IA 50309

    For Lease
    $17 SF/Yr ($15,968 /Mo)

    Historic Des Moines office, prime location, ample parking.

    Lot size:
    11,272 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    Locust Plaza, a distinctive two-story creative office building at 1420 Locust St, Des Moines, IA 50309, offers 11,272 square feet of completely vacant space for lease. This exceptional property boasts unique architecture and high-end finishes, creating a sophisticated and inspiring work environment. The building is ideally situated adjacent to the Pappajohn Sculpture Park and Western Gateway Park in Downtown Des Moines, providing tenants with unparalleled access to green spaces and vibrant city amenities. The space is divisible, with a minimum leasable area of 3,583 square feet and a maximum contiguous space of 7,689 square feet, offering flexibility for businesses of various sizes. Onsite parking is available, a significant advantage in a bustling urban setting. The building's location in Polk County offers easy access to major transportation routes and other key city infrastructure. With its stunning architecture, convenient location, and modern amenities, Locust Plaza presents a rare opportunity to secure a prestigious and functional office space in the heart of Des Moines. The building's two stories provide ample space and potential for customized layouts. This is an exceptional opportunity for businesses seeking a unique and inspiring workspace in a highly desirable location.

    Property Features for 1420 Locust St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,272 SF
    Total Rate
    15968.67

    Building Details

    Stories
    2

    Unit(s) available at that property

    Space
    2nd Floor Place
    Size
    3,583 SF
    Rate per SF
    $17
    Space
    1st Floor Space
    Size
    7,689 SF
    Rate per SF
    $17

    HighLights

    • Historic mixed‑use building with attractive glass and masonry storefront.
    • Unique architecture and high‑end finishes.
    • High ceilings and abundant natural light.
    • Parking available, terms negotiable.
    • Furniture available, terms negotiable.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Django French Restaurant Forge by Accenture ... Software Company M-Pact Direct Marketing Marketing Consultant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.63566702
    Latitude
    41.58457167

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    FAQs

    What type of property is this?
    Office space - Historic Des Moines office, prime location, ample parking.
    Where is this office space located?
    The property is located at 1420 Locust St Des Moines, IA.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Historic mixed-use building with attractive glass and masonry storefront.; Unique architecture and high-end finishes.; High ceilings and abundant natural light.
    Request Owner's contact information
    1420 Locust 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
    1420 Locust St Des Moines, IA 50309
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