11th & Martin Luther King Jr Pkwy Des Moines, IA 50309
This exceptional 2,296 square foot commercial space is situated on the first floor of the Linc @ Gray's Station, a modern, five-story mixed-use building completed in 2019. Located at the prominent corner of SW 11th Street and ML King Parkway, this property offers unparalleled visibility and accessibility. Ideal for a restaurant or office tenant, the space boasts a 14-foot ceiling height, providing ample room for creative design and functionality. The building itself is part of the larger Gray's Station development, a thriving urban neighborhood in Des Moines's vibrant downtown area. This rapidly growing community will eventually house over 5,000 residents in a mix of housing styles, ensuring a robust customer base and high foot traffic. The property is located in Polk County, Iowa, with easy access to major transportation routes. This is a unique opportunity to establish a presence in a dynamic and rapidly developing area of Des Moines. The space is currently vacant and ready for immediate occupancy. Seven total suites are within the building. This listing represents a single, contiguous space.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.