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    1723 Grand Ave Des Moines, IA 50309

    Sponsored
    For Lease
    $14 SF/Yr ($4,795 /Mo)

    Prime Des Moines retail space, fully vacant.

    Lot size:
    4,110 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity in Des Moines, Iowa, presents 4,110 square feet of completely vacant space within the beautifully renovated Argonne building at 1723 Grand Ave, zip code 50309. Located in Polk County, this property offers unparalleled flexibility, with a minimum divisible space of 1,200 square feet and the potential to lease the entire 4,110 square feet contiguously. The building's historic charm has been thoughtfully preserved and updated to meet the needs of modern retail or office tenants. Its strategic location in downtown Des Moines provides exceptional visibility and accessibility. The Argonne building enjoys close proximity to major thoroughfares like MLK Parkway and Fleur Drive, ensuring convenient access to Interstate 235 and the Des Moines International Airport. This prime location offers significant advantages for businesses seeking high foot traffic and easy commutes for employees and customers. The property is ideal for a single large tenant or multiple smaller tenants, offering a unique chance to establish a presence in a vibrant and growing area of Des Moines. This fully vacant space presents a blank canvas for a creative and successful business venture. Don't miss this chance to secure a prominent location in a revitalized historic building.

    Property Features for 1723 Grand Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,110 SF
    Total Rate
    4795

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    4,110 SF
    Rate per SF
    $14

    HighLights

    • 4,110 SF of vacant ground floor retail space in a beautifully renovated historic building at 1723 Grand Ave, Des Moines, IA 50309.
    • Divisible to 1,200 SF minimum, or lease the entire space.
    • Tenant Improvement (TI) allowance available.
    • High ceilings, exposed brick, and large windows.
    • Street parking and additional off‑site parking available.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Argonne, 1723 Grand ... Apartment Building

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.6407392
    Latitude
    41.5847774

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    FAQs

    What type of property is this?
    Retail property - Prime Des Moines retail space, fully vacant.
    Where is this retail property located?
    The property is located at 1723 Grand Ave Des Moines, IA.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: 4,110 SF of vacant ground floor retail space in a beautifully renovated historic building at 1723 Grand Ave, Des Moines, IA 50309.; Divisible to 1,200 SF minimum, or lease the entire space.; Tenant Improvement (TI) allowance available.
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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
    1723 Grand Ave Des Moines, IA 50309
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