204 2Nd St Des Moines, IA 50309
This exceptional three-story, 19,007 square foot office building is situated on a 0.425-acre lot at 204 SW 2nd St, Des Moines, IA 50309, a prime downtown corner location on Martin Luther King Jr Pkwy. Built in 1900 and renovated in 1978, the property currently has 19,007 square feet vacant, offering multiple tenancy options. Suites range from a minimum of 1,500 square feet to a maximum contiguous space of 6,653 square feet, with a total of seven suites available. The building features an elevator and boasts a desirable CBD submarket location. Its proximity to well-known restaurants ensures high foot traffic, and its location offers stunning views of Principal Park. The Science Center of Iowa is also within walking distance. Zoned DX2, this property presents a unique opportunity for businesses seeking a thriving downtown location. A mixed-use development is planned for this site in 2025. This is an exceptional opportunity to establish a presence in a vibrant and growing Des Moines neighborhood.
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
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