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    400 Locust St Des Moines, IA 50309

    For Lease
    $8 SF/Yr

    Downtown Des Moines: 26 Suites Available

    Lot size:
    165,584 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Capital Square, a stunning eight-story Class A office and retail building, presents a unique opportunity in the heart of Des Moines, Iowa. This 165,584 square foot property boasts a beautiful open atrium design, flooding the space with natural light. The building offers versatile and substantial floor plates with fantastic downtown views. Multiple access points connect directly to the Des Moines Skywalk System, enhancing convenience and accessibility. Retail spaces are available at both street and skywalk levels on Walnut and Locust Streets. The building's prime location offers grade-level access to the newly renovated Cowles Commons plaza, providing convenient access to community events. Spaces range from a minimum of 1,478 square feet to a maximum contiguous space of 32,778 square feet, with a total of 26 spaces currently available. Located at 400 Locust Street, Des Moines, IA 50309, in Polk County, this property is ideal for a variety of office and retail users seeking a prestigious address in a vibrant downtown setting. The entire building is currently vacant, offering a blank canvas for a new tenant or a collection of tenants. The property's Class A designation reflects its high-quality construction and amenities.

    Property Features for 400 Locust St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    165,584 SF
    Class
    A
    Total Rate
    110389.33

    Building Details

    Stories
    8

    Unit(s) available at that property

    Space
    Suite 620
    Size
    2,974 SF
    Rate per SF
    $10
    Space
    Suite 600
    Size
    8,550 SF
    Rate per SF
    $10
    Space
    Suite 530
    Size
    16,355 SF
    Rate per SF
    $10
    Space
    Suite 520
    Size
    22,607 SF
    Rate per SF
    $10
    Space
    Suite 480
    Size
    32,778 SF
    Rate per SF
    $10
    Space
    Suite 430
    Size
    4,879 SF
    Rate per SF
    $9
    Space
    Suite 420
    Size
    3,489 SF
    Rate per SF
    $9
    Space
    Suite 360
    Size
    1,814 SF
    Rate per SF
    $9
    Space
    Suite 355
    Size
    1,490 SF
    Rate per SF
    $8
    Space
    Suite 335
    Size
    3,509 SF
    Rate per SF
    $9
    Space
    Suite 300
    Size
    25,213 SF
    Rate per SF
    $9
    Space
    Suite 245
    Size
    3,183 SF
    Rate per SF
    $9
    Space
    Suite 238
    Size
    2,130 SF
    Rate per SF
    $9
    Space
    Suite 230
    Size
    2,521 SF
    Rate per SF
    $9
    Space
    Suite 210
    Size
    3,941 SF
    Rate per SF
    $9
    Space
    Suite 195
    Size
    4,749 SF
    Rate per SF
    $12
    Space
    Suite 150
    Size
    6,390 SF
    Rate per SF
    $12
    Space
    Suite 145
    Size
    4,684 SF
    Rate per SF
    $12
    Space
    Suite 440
    Size
    11,329 SF
    Rate per SF
    $10
    Space
    Suite 145/150
    Size
    11,074 SF
    Rate per SF
    $12
    Space
    Suite 210/230
    Size
    9,973 SF
    Rate per SF
    $9
    Space
    Suite 355/358/360
    Size
    4,782 SF
    Rate per SF
    $9
    Space
    Suite 420/430/440/480
    Size
    55,185 SF
    Rate per SF
    $10
    Space
    Suite 520/530
    Size
    38,962 SF
    Rate per SF
    $10
    Space
    Suite 600/620
    Size
    11,524 SF
    Rate per SF
    $10
    Space
    Suite 130
    Size
    0 SF
    Rate per SF
    $12

    HighLights

    • Office space available from 1,000 to 80,000 square feet.
    • Immediate occupancy available.
    • Open atrium design with abundant natural light.
    • Versatile office and retail space suitable for various users and sizes.
    • Five‑night janitorial service.
    • Multiple fiber optic providers.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    LCS Corporation Business Management Consultant Leona Ruby Jewelry Store Catch Des Moines ... Restaurant Altus Group Ltd Appraiser Simpson, Jensen, Abels, ... Attorney

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.6227624
    Latitude
    41.5867994

    Nearby Similar for Lease

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      View Details

    FAQs

    What type of property is this?
    Individual retail property - Downtown Des Moines: 26 Suites Available
    Where is this individual retail property located?
    The property is located at 400 Locust St Des Moines, IA.
    What is the lease rate?
    The lease rate is $8-$12 SF/Yr.
    What are key features of this property?
    This property features: Office space available from 1,000 to 80,000 square feet.; Immediate occupancy available.; Open atrium design with abundant natural light.
    Request Owner's contact information
    400 Locust 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
    400 Locust St Des Moines, IA 50309
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