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    100 4Th St Des Moines, IA 50309

    Sponsored
    For Sale
    $3,500,000

    Historic Downtown Office, Parking Included

    Property size:
    20,591 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    The Depot, located at 100 4th St, Des Moines, IA 50309, presents a unique investment opportunity. This iconic, one-story, 20,591 square foot traditional office building, built in 1900, sits on a 0.75-acre lot and is zoned DX-2. The building offers 17,880 square feet of net rentable space. A significant advantage is the inclusion of a rare 40-stall downtown parking lot. The property boasts a recently installed roof complete with a warranty, minimizing immediate maintenance concerns. Its prime downtown location offers excellent visibility and accessibility. The building's historical character combined with the potential for redevelopment makes it an attractive proposition for investors seeking a unique and versatile property. Additional parking is available nearby, further enhancing its convenience. The asking price for this exceptional property is $3,500,000. This freestanding building presents a compelling blend of historical charm and modern practicality, making it an ideal investment in the thriving Des Moines market.

    Property Features for 100 4Th St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    20,591 SF
    Lot Size
    32,670 SF

    Building Details

    Year Built
    1900
    Buildings
    1
    Stories
    1

    HighLights

    • Freestanding building in Des Moines' downtown.
    • Rare 40‑stall downtown parking lot.
    • Redevelopment potential.
    • New roof with warranty.
    • Additional nearby parking available.
    Property Profile Location Intelligence

    Current Use by Public Records

    WriteBrain Publisher The Depot at Fourth Consultant

    Suggested Use

    Realty agency Spa & Massage Restaurant Dental Office Hair Salon Nail Salon Clothing Store Building Supply Pharmacy 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
    -93.622382297215
    Latitude
    41.583402238155

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    FAQs

    What type of property is this?
    Office Property / Space - Historic Downtown Office, Parking Included
    Where is this office property / space located?
    The property is located at 100 4Th St Des Moines, IA.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: Freestanding building in Des Moines' downtown.; Rare 40-stall downtown parking lot.; Redevelopment potential.
    (515) 277-1265
    Request Owner's contact information
    100 4Th St Des Moines, IA 50309
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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
    100 4Th St Des Moines, IA 50309
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