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Renovated Market District Office Building
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118 SE 4th St, Des Moines, IA 50309

33,792 SF renovated office building in the Market District.

Space Size16,896 SF
Property Size33,792 SF
Days on Market1089

Property Features for 118 SE 4th St

General Information

Standard status Active
Size 16,896 SF
Property subtype Retail, Office

Building Details

Building Size 33,792 SF
Tenancy Multiple

Spaces For Lease

at 118 SE 4th St Contact us

1st Floor

Size
16,896 SF
Type
Office
Availability
Active
Contact us

2nd Floor

Size
16,896 SF
Type
Office
Availability
Active
Contact us
Listing Agency: CBRE - Des Moines
Listed By: Bill Wright · License #IA S33231000
Source: Crexi
Added: Sep 7, 2023 Changed: Aug 15 Last Checked: Aug 28 at 8:08PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Des Moines

Investment Insights

Based on property information with market context.

The Market Building, a 33,792 square foot property, is located in the heart of the Market District and is undergoing a complete renovation to create creative office opportunities. The building has the ability to accommodate multiple tenants and the possibility of an attractive new rooftop patio. It is conveniently located just south of the East Village and east of downtown Des Moines core, just minutes from Interstate 235. The building's modern finishes, creative loft feel, and proximity to East Village attractions make it a suitable location for any office space user.

Key Highlights

  • Complete renovation creating a modern, creative office space
  • Prime location in the heart of the Market District, near East Village and downtown Des Moines
  • 33,792 square foot property suitable for multiple tenants

Property Analytics

Current Use

eComegy Marketing & Advertising Prairie Song Therapeutic Alternative Medicine Practice Jaina Olson Photography Photography Service Heartwood Touch Therapy Alternative Medicine Practice FCS Painting Painting Service

Suggested Use

Top Pick Auto Parts Store Storage Facility (Bike/Boat/Book/etc) Store Electrical Service Garden Center Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,850
Businesses Nearby

Demographics for 50309, IA

9,532
Population
7,562
Households
1.3
Avg Household Size
30
Median Age
67%
College-Educated
96%
High-School Grad
2.7 sq mi
ZIP Area
3,530
Density / Sq Mi
$57,974
Median Household Income
$52,775
Median Earnings
$1,166
Median Rent
$286,900
Median Home Value

Market

Lease Benchmarks for Des Moines, IA

$17.74 /SF/Yr
Avg Asking Price
$9–$24.95 /SF/Yr
Price Range
40,244 SF
Avg Space Size

Vacancy Rate% for Office in Des Moines, IA

15.9% 2023
20% 2024
16.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - 33,792 SF renovated office building in the Market District.
Where is this office building located?
The property is located at 118 SE 4th St Des Moines, IA.
What are key features of this property?
This property features: Complete renovation creating a modern, creative office space; Prime location in the heart of the Market District, near East Village and downtown Des Moines; 33,792 square foot property suitable for multiple tenants
(515) 415-6106 Call to check price and availability
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