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    2700 Grand Ave Des Moines, IA 50312

    Sponsored
    For Lease
    $11 SF/Yr

    Class A Office, Des Moines, Ample Parking

    Lot size:
    28,238 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Terrace Center presents a compelling opportunity for businesses seeking prime office space in Des Moines' vibrant Ingersoll/Grand corridor. This Class A, multi-tenant office building, constructed in 1987, offers a total of 28,238 square feet of well-maintained space. Currently, there is a range of available suites, from 407 square feet to 4,360 square feet, catering to diverse business needs. The building boasts attractive landscaping and ample free parking, with a ratio of one parking space per 1,000 square feet of building area. Tenants benefit from professional property management, ensuring a seamless and efficient office experience. The convenient location provides easy access to downtown Des Moines, Interstate 235, and Grand Avenue, placing businesses within close proximity to a variety of amenities, including restaurants, banks, and shopping centers. This property is situated in Polk County and represents a strong investment opportunity in a thriving commercial area. The building's traditional office design offers a classic and functional workspace. The available space provides flexibility for businesses of various sizes seeking a well-maintained and conveniently located office in Des Moines.

    Property Features for 2700 Grand Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    28,238 SF
    Total Rate
    27061.42

    Building Details

    Year Built
    1987

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    4,360 SF
    Rate per SF
    $11

    HighLights

    • Class A office building totaling 28,238 square feet.
    • Multiple tenant occupancy.
    • One parking space per 1,000 square feet.
    • Located in Polk County.
    • Suites available ranging from 407 to 4,360 square feet.
    • Built in 1987.
    Property Profile Location Intelligence

    Current Use by Public Records

    R. Ronald Pogge Attorney Cain Hugh J Attorney Hopkins & Huebner PC: ... Attorney Radio Iowa Radio Broadcaster Newman Amanda R Attorney

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -93.65320278
    Latitude
    41.58438728

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office, Des Moines, Ample Parking
    Where is this office property / space located?
    The property is located at 2700 Grand 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: Class A office building totaling 28,238 square feet.; Multiple tenant occupancy.; One parking space per 1,000 square feet.
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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
    2700 Grand Ave Des Moines, IA 50312
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