Property profile

319 7th Stgriffin Des Moines, IA 50309

OFF-MARKET
Investment properties
Property ID
US25-0154968
17,962 SF 0.07 ac lot Built 2019
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

The Griffin Building, a beautifully restored landmark at 319 7th St, Des Moines, IA 50309, offers a unique opportunity to lease executive office space. This six-story, 51,000 square foot building, originally constructed in 1885, boasts a blend of historic charm and modern functionality. Currently, 6,000 square feet of office space is available for lease, perfect for a business seeking a prestigious downtown location. The building features a mixed-use design, incorporating retail space on the ground floor and residential apartments on floors three through six. The available office space is situated on the second floor, conveniently located on the skywalk level, providing easy access to other downtown businesses and amenities. Large windows and high ceilings create a bright and spacious atmosphere, ideal for a modern office environment. The building's rich history and prime location in the heart of Des Moines make it an exceptional opportunity for businesses seeking a unique and desirable address. This single building property offers multiple tenancies, providing flexibility for various business needs. Don't miss this chance to secure your business's future in this iconic Des Moines building. Inquire today about this exceptional 6,000 square foot space.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2019
Construction FRAME
Total area 17,962 SF
Lot 0.07 ac (2,930 SF)
APN 020/01508-000-001
UPID US25-0154968

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic Skin Care Clinic
  • Medical Clinic
  • Grocery & Convenience Store
  • Physician
  • Tour Operator

Location

319 7th Stgriffin Des Moines, IA 50309-3812
Des Moines metro Census 5101 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.83M
Comparable Approach Comparable
$2.75M
Blend (final) Blend
$2.78M

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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