300 Walnut St Ste 295a Des Moines, IA 50309-2212
This exceptional Class A office condo offering presents a unique investment opportunity in Des Moines, Iowa's prestigious Plaza Building at 300 Walnut St, zip code 50309. The property, totaling 22,928 square feet, is comprised of three individual condo units within a single, two-story building. Previously occupied by Reynolds & Reynolds Insurance, this versatile space features multiple conference and board rooms, ideal for a variety of business needs. An internal stairway conveniently connects the first and second floors, enhancing functionality and flow. Access is provided via an exterior entrance from the building's lobby and a second-floor entrance from the skywalk, offering convenient access and high visibility. The sale includes access to 19 underground parking stalls, providing ample parking for employees and clients. The asking price is $1,352,752, translating to a price per square foot of $59. The property's prime location in the heart of Des Moines offers unparalleled access to amenities and a thriving business community. This is a rare chance to acquire a substantial, well-appointed office space in a landmark building. The units can be purchased individually or as a whole, providing flexibility for various investment strategies.
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Carpenter Law Firm Law Firm
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Reynolds & Reynolds Inc Insurance Agency
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Carr Law Firm, P.L.C. Law Firm
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Bill Blue & Associates Title Company
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Lucas Taylor, Criminal Defense Lawyer Law Firm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-3 · Des Moines, IANo recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.