113 8Th StDes Moines, IA 50309

  • Industrial properties
  • 25,416 SF
For Lease

Property Details for 113 8Th St

Year built
1970
Construction
STEEL FRAME
Lot size
1.04 AC
Property size (Sq ft)
25,416 SF
Zone code
C-3A
Property type
Industrial properties
Property subtype
Other industrial properties
APN
020/01124-001-000
APU
2001124001000

Description

This exceptional industrial property, the Lortex Building, presents a significant opportunity for a single tenant. Located at 113 SW 8th St, Des Moines, IA 50309, this warehouse boasts a total of 20,000 square feet of space, all currently available for lease. The building is a two-story structure situated on a 1.04-acre lot, providing ample room for operations and potential expansion. The property offers convenient access to major transportation routes, placing it within easy reach of Des Moines's vibrant business community. Its strategic location along the MLK corridor offers proximity to key attractions including the new soccer stadium, Principal Park, and the new Market District Park, enhancing visibility and accessibility. The building includes 95 surface parking spaces, ensuring convenient parking for employees and clients. The lease rate is $8.00 per square foot, modified gross. This is a rare opportunity to secure a substantial, well-located warehouse in a thriving area of Des Moines. The entire 20,000 square feet is ready for immediate occupancy. Don't miss this chance to establish your business in a prime Des Moines location.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $5,072,562
    Hospitality
    $4,646,440
    Educational
    $3,865,784
    Medical
    $3,998,734
    Retail
    $6,013,441
113 8Th St, Des Moines, Iowa
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Location Insight

City
Des Moines
County
Polk
State
Iowa
Latitude
41.5823
Longitude
-93.6255
CBSA code
19780
CBSA name
DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$40,840
$751,000
$359,000
$1,110,000
-
$751,000
$359,000
$1,110,000

FAQs

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