1150 Locust St Des Moines, IA 50391
1150 Locust Street offers a prestigious single-tenant opportunity in a vibrant Des Moines location. This seven-story, Class A office building boasts 245,532 rentable square feet, built in 2003. The property provides flexible space options ranging from 15,112 to 36,311 square feet, catering to a variety of business needs. Its strategic location offers unparalleled convenience and accessibility. A key feature is the convenient public skywalk connection, enhancing pedestrian access and promoting seamless connectivity within the city. The building's proximity to a ten-story parking garage ensures ample parking for tenants and visitors, with a generous 4:1 parking ratio. Furthermore, its western exposure places it adjacent to the Pappajohn Sculpture Park and a diverse collection of restaurants and entertainment venues, creating a dynamic and attractive work environment. This property presents a unique chance to secure a prominent address in a thriving urban core, benefiting from both exceptional amenities and a highly desirable location. The building's single-tenant occupancy provides a streamlined management structure and potential for significant long-term value. The substantial square footage offers considerable flexibility for customization and expansion, making it an ideal choice for businesses seeking a sophisticated and well-situated headquarters. Located in Polk County, this property represents a compelling investment opportunity in a dynamic and growing market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
3 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No 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.