112 4Th StDes Moines, IA 50309

Property Details for 112 4Th St

Year built

2021

Construction

FRAME

Lot size

0.24 AC

Property size (Sq ft)

8,979 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

040/03838-001-001

APU

4003838001001

Description

This exceptional 1,215 square foot creative office space is available for sublease at 112 SE 4th Street in Des Moines, Iowa. Located in a Class B building constructed in 2021, this single-tenant space is part of a vibrant mixed-use development. The building, originally a warehouse dating back to 1874, has been thoughtfully renovated to maintain its unique character while offering modern amenities. The property boasts exposed elements reminiscent of its warehouse origins, creating a distinctive and inspiring work environment. The building itself encompasses 14,401 square feet and sits on a 19,483 square foot lot, zoned C. This sublease opportunity provides immediate access to a desirable location in Des Moines, with convenient access to local amenities and transportation. The building features a brewery on the first floor, office spaces on the second, and apartments on the third, creating a dynamic and lively atmosphere. This is an ideal space for a creative business seeking a unique and inspiring workspace in a thriving urban setting. The property is located in Des Moines, IA, zip code 50309. This is a single-tenant space within a larger building.

• CAP approach

  CAP return

  Valuation

  6%

  $2,301,484

  6.5%

  $2,124,446

  7%

  $1,972,700

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,154,886

  Geo Method

  $1,154,886

• Alternative Use

  Use

  Valuation

  Residential

  $1,792,050

  Hospitality

  $1,641,508

  Educational

  $1,365,716

  Medical

  $1,412,685

  Retail

  $2,124,446

Location Insight

City

Des Moines

County

Polk

State

Iowa

Latitude

41.5857

Longitude

-93.6115

CBSA code

19780

CBSA name

DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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