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    1300 Walnut St Des Moines, IA 50319

    For Lease
    $12 SF/Yr ($18,190 /Mo)

    Prime Des Moines location, 6,401 SF vacant.

    Lot size:
    18,190 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This two-story, 18,190 square foot medical office building at 1300 Walnut Street in Des Moines, Iowa, presents a unique investment opportunity. Built in 1995, the property features a total of two suites, with a minimum divisible space of 2,893 square feet and a maximum contiguous space of 3,508 square feet. Currently, 6,401 square feet are vacant, offering significant potential for lease income. Situated on a 0.372-acre lot, the building is zoned DX2 and is located in Polk County, Iowa, zip code 50319. Its prime location on the cultural corridor of Walnut Street places it within walking distance of numerous restaurants and attractions, including The Walnut, Grumpy Goat, Proof, Jimmy John's, Ritual Café, Horizon Line Coffee, and Exile Brewing. Nearby attractions also include the Pappajohn Sculpture Park, Noce, and Teehee's comedy club. This property offers a blend of convenience, accessibility, and proximity to a vibrant urban environment, making it an ideal location for medical practices seeking a high-profile address in Des Moines. The building's multiple suite configuration provides flexibility for various tenant needs.

    Property Features for 1300 Walnut St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,190 SF
    Total Rate
    18190

    Building Details

    Year Built
    1995
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 102
    Size
    2,893 SF
    Rate per SF
    $12
    Space
    Suite 100
    Size
    3,508 SF
    Rate per SF
    $16

    HighLights

    • High ceilings with exposed brick and abundant natural light.
    • Ample parking available in a nearby garage.
    • Tenant improvement allowances available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Carole Frier, DO Internist Uplift Delivery, a division ... Software Company Substance Architecture Architecture Firm Mankins Paul Architect Felsburg Holt & Ullevig Engineering Consultant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.6331887
    Latitude
    41.58418096

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    FAQs

    What type of property is this?
    Medical office - Prime Des Moines location, 6,401 SF vacant.
    Where is this medical office located?
    The property is located at 1300 Walnut St Des Moines, IA.
    What is the lease rate?
    The lease rate is $12-$16 SF/Yr.
    What are key features of this property?
    This property features: High ceilings with exposed brick and abundant natural light.; Ample parking available in a nearby garage.; Tenant improvement allowances available.
    Request Owner's contact information
    1300 Walnut St Des Moines, IA 50319
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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
    1300 Walnut St Des Moines, IA 50319
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