Property summary
This exceptional 49,851-square-foot creative office building in Des Moines, Iowa, presents a unique owner-user investment opportunity. Located at 106 E 6th St, in the heart of Polk County, zip code 50309, this single-story building underwent a complete redevelopment in 2016. The asking price is $5,950,000, translating to a price per square foot of $119.36. The property is offered on a NNN lease. Ample parking is available, with over 130 spaces on-site and additional parking across E 6th Street. Its strategic location places it within easy walking distance of the vibrant East Village and the State Capitol Grounds, offering unparalleled convenience and accessibility. The interior boasts a range of functional spaces designed to enhance productivity and collaboration, including dedicated conference rooms, breakout rooms, and private phone rooms. A comfortable lunch/break room provides a welcoming space for employees. Furthermore, a dock area offers potential for future expansion or conversion into executive parking. This property represents a rare opportunity to acquire a fully modernized, well-located, and highly functional creative office space in a thriving Des Moines market.
Property profile
VerifiedCap rate & NOI
Current use
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Advertising Agency Marketing & Advertising
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
M-1 · Des Moines, IAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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