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    11th & Martin Luther King Jr Pkwy Des Moines, IA 50309

    Sponsored
    For Lease
    $18 SF/Yr

    Prime Des Moines location, 2,296 sq ft available.

    Lot size:
    2,296 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2,296 square foot commercial space is situated on the first floor of the Linc @ Gray's Station, a modern, five-story mixed-use building completed in 2019. Located at the prominent corner of SW 11th Street and ML King Parkway, this property offers unparalleled visibility and accessibility. Ideal for a restaurant or office tenant, the space boasts a 14-foot ceiling height, providing ample room for creative design and functionality. The building itself is part of the larger Gray's Station development, a thriving urban neighborhood in Des Moines's vibrant downtown area. This rapidly growing community will eventually house over 5,000 residents in a mix of housing styles, ensuring a robust customer base and high foot traffic. The property is located in Polk County, Iowa, with easy access to major transportation routes. This is a unique opportunity to establish a presence in a dynamic and rapidly developing area of Des Moines. The space is currently vacant and ready for immediate occupancy. Seven total suites are within the building. This listing represents a single, contiguous space.

    Property Features for 11th & Martin Luther King Jr Pkwy

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,296 SF

    Building Details

    Year Built
    2019
    Buildings
    1
    Stories
    5

    Unit(s) available at that property

    Space
    Suite 06
    Size
    2,296 SF
    Rate per SF
    $18

    HighLights

    • 14‑foot ceilings.
    • Excellent walkability with nearby trails, bike paths, and convenient access to Gray's Lake via a bridge.
    • Strong tenant mix including Mad Meatball, Tipsy Nails, F45 Fitness, and Iowa Spine + Performance.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.629367
    Latitude
    41.5808871

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    FAQs

    What type of property is this?
    Restaurant - Prime Des Moines location, 2,296 sq ft available.
    Where is this restaurant located?
    The property is located at 11th & Martin Luther King Jr Pkwy Des Moines, IA.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: 14-foot ceilings.; Excellent walkability with nearby trails, bike paths, and convenient access to Gray's Lake via a bridge.; Strong tenant mix including Mad Meatball, Tipsy Nails, F45 Fitness, and Iowa Spine + Performance.
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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
    11th & Martin Luther King Jr Pkwy Des Moines, IA 50309
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