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Property profile & analytics
OFF-MARKET
Office Spaces

1150 Locust St Des Moines, IA 50391

245,532 SF Built 2003
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Year built 2003
Total area 245,532 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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