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    300 Walnut St Des Moines, IA 50309

    Sponsored
    For Sale
    $1,352,752

    Iconic Plaza Building, 22,928 sq ft, 3 Units

    Property size:
    22,928 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    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.

    Property Features for 300 Walnut St

    General Information

    Property type
    Multifamily properties
    Square Feet
    22,928 SF
    Class
    A

    Building Details

    Buildings
    1
    Stories
    2
    Units
    3

    HighLights

    • Class A office condo, 22,928 SF, in Des Moines' Plaza Building at 300 Walnut St, zip code 50309.
    • Three individual condo units available for sale, individually or as a whole.
    • Features multiple conference and board rooms.
    • Internal stairway connects the first and second floors.
    • Access via exterior lobby entrance and second‑floor skywalk entrance.
    • Includes 19 underground parking stalls.
    Property Profile Location Intelligence

    Current Use by Public Records

    Carpenter Law Firm Personal Injury Attorney Reynolds & Reynolds Inc Insurance Agency Carr Law Firm, ... Attorney Bill Blue & Associates Title Company Lucas Taylor, Criminal ... 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
    -93.621445034969
    Latitude
    41.586585180008

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    FAQs

    What type of property is this?
    Multifamily property - Iconic Plaza Building, 22,928 sq ft, 3 Units
    Where is this multifamily property located?
    The property is located at 300 Walnut St Des Moines, IA.
    What is the asking price?
    The asking price for this property is $1,352,752.
    What are key features of this property?
    This property features: Class A office condo, 22,928 SF, in Des Moines' Plaza Building at 300 Walnut St, zip code 50309.; Three individual condo units available for sale, individually or as a whole.; Features multiple conference and board rooms.
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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
    300 Walnut St Des Moines, IA 50309
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