Des Moines, IA Office Property For Sale

Building Highlights

• Included in the property sale is a covered parking

lot with 47 stalls

• Platinum LEED certified building

• Rooftop patio + bar

• Shared conference space

• Solar panels on roof

• Great capitol views

• Beautiful architecture

• Shared restrooms with showers & mother’s room

on every floor

• Bike rack in basement

Property Highlights

• Size: 188,769 SF

• Acres: 0.40

• Year Built: 1988

• Zoning: DX1 Downtown

• Skywalk access on second floor

• Close proximity to dining and retail

• For Sale - Call broker for pricing

Recent Improvements

• New boilers in 2020

• New make-up air unit in process now of being installed in

basement parking area

• New UPS batteries installed in 2023

Availabilities

• 11 Floors

• 17,424 SF per floor

Property Highlights:

• 53,868 SF

• .458 acres

• Built/remodeled: 1910/1990

• Skywalk access on 2nd floor

Small office building on the southeast side of Des Moines, in the Indianola Hills neighborhood. Newer roof, good amount of parking, and a fenced in outdoor area.

- Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the fee simple interest in the building of a single-tenant medical office facility located in Des Moines, Iowa (the "Property").

- The Tenant recently completed a comprehensive renovation to the exact standards of its brand-new prototype that is at the top end of the kidney care industry from a patient quality and energy-efficiency design standard. The initial term of the lease is for fifteen (15) years and will feature three (3), five (5) year renewal options. The lease is the Tenant’s standard form it uses across the majority of its 2,675 locations, a highly passive net lease that is landlord friendly, offering minimal expense exposure given the new construction. The lease also provides for rental increases in the amount of ten percent (10%) every five (5) years.

MODERN OFFICE SPACE

This prime location is a short walk from from Wells Fargo Arena

and Hilton Des Moines Downtown. With easy access to many exciting amenities, our office building provides the perfect blend of accessibility, convenience, and proximity to key attractions. Immediate access to 1-235, makes commuting to and from a breeze. This building is an ideal choice for businesses looking to thrive in this dynamic city.

Owner user opportunities with current vacancy

Unique office/retail property available for sale located on the busy Hickman Road in Des Moines. Located 4 miles east of Interstate 80/35 and 3

miles south of Interstate 80/35.

Property Features

+ 2,378 SF on the main floor with 502 SF of

Mezzanine

+ Basement Storage

+ Plentiful parking (23 stalls)

+ Traffic Counts:

− Hickman Road: 21,000 VPD

- For Sale: Medical Office

- Single-story building with 3,623 square feet of area

- Constructed in 1981; renovated in 2004

- University Avenue frontage; 16,000 vehicles per day

- Offers 240 degrees of downtown Des Moines

views, including the state capital and Des Moines river

- Best-in-class design & construction

- Downtown Location and convenient access to

the interstate

- Highly visible with great signage recognition

Building Features:

+ Located on heavily traveled Grand Avenue,

minutes from I-235

+ Built in 1967, remodeled in 1987

+ Rare parking opportunity in Grand/Ingersoll

corridor with 74 spaces

+ Zoned RX2 - Mixed Use District

+ Property Taxes

− Parcel 1: $64,308 (building)

− Parcel 2: $1,938 (parking)

+ Nearby Amenities include: Palmer’s Deli and

n Market, Gusto Pizza Co, Caribou Coffee,

Noodles and Company, & Walgreens

+ Traffic Counts

− Grand Ave: 10,600 vpd

− Martin Luther King Jr. Pkwy: 33,200 vpd

Property Highlights:

• Single-story office condominium, built in 2006

• Convenient location near I-235

• Close to restaurants and other amenities

Building Features

+ Building Size: 40,080 RSF

+ Free on-site surface parking available

+ Owned and professionally managed by

Hubbell Realty Company

+ Adjacent to multiple mass transit routes

+ Convenient access to downtown CBD. A

central location that provides convenient

access to all of the Metro.

+ Nearby amenities including hotels with

conference facilities, restaurants, retail,

medical, and Court Avenue Entertainment

District

Standalone Commercial/Flex property for sale. Well situated just west of I-235 and south ofGuthrie Ave. The property has great visibility, withindustrial zoning allowing a variety of uses, and

limited outdoor storage.

Property Highlights

• Size: 298,882 SF

• Acres: 0.85

• Year Built: 2005

• Zoning: DX1 Downtown

• Steel Frame Construction

• Parking connected by skywalk

• 50+ underground parking stalls

• 1 fright elevator

• Close proximity to dining and retail

• Ability to offer large block space for a single user

• For sale - call broker for pricing

Recent Improvements

• Make-up air unit replacement

• Converted from electric boilers to gas boilers

• UPS replacement

• Two of the revolving door were replaced

Availabilities

• Floors 5-9 (35,000 SF per floor)

• 9th floor: 32,000 SF

• Cashflow opportunity with Wells Fargo

• Leaseback

Property Highlights

• Size: 326,495 SF

• Acres: 0.96

• Year Built: 2002

• Zoning: DX1 Downtown

• Steel Frame Construction

• Parking connected by skywalk

• 50+ underground parking stalls

• Close proximity to dining and retail

• Ability to offer large block space for a single user

• 1-freight, 4-passenger elevators, roof generator

• For Sale - Call broker for pricing

Recent Improvements

• Make-up air unit replacement

• Converted from electric boilers to gas boilers

• UPS replacement

• Two of the revolving doors were replaced

AVAILABILITIES

• 9 Floors

• 35,000 SF per floor

• All floors available with retail opportunity on first floor

Building Features

+ Exposed timber ceilings

+ Four (4) exterior parking spaces

+ One (1) indoor storage space

+ Nearby surface parking

+ Fitness Center

+ Shared accessible entry lift

+ Fantastic natural light

+ Two furnaces servicing the unit; one

includes an

ERV for fresh outside air.

+ Zoning: DX2 Downtown District

+ Nearby Businesses Include: Peace Tree

Brewing Co., Curate, Iowa Taproom, Molly’s

Cupcakes, West Elm, Raygun, The Breakfast

Club, Power Life East Village, Serve Credit

Union, Clyde’s Fine Diner, & Lucca.

This sale includes the following assemblage:

• 800 Walnut (Skyview Building) – 326,495 SF

• 801 Walnut (Northstar Building) – 298,882 SF

• 801 Mulberry (Parking Garage) – 545,238 SF

(1,625 parking spaces)

• Skyview Building

The Skyview Building is an exceptional property situated in the heart of Downtown Des Moines, offering outstanding visibility and exposure. Its prime location provides easy access to the skywalks, parking facilities, as well as a plethora

of retail and restaurant amenities nearby. Standing tall at 9 stories, this building encompasses approximately 35,000 square feet per floor, allowing for flexible and spacious commercial use. With its strategic placement and ample space, the

Sky View Building offers a desirable location for businesses to thrive and take advantage of the vibrant surroundings.

• Northstar Building

Situated right at the core of the Downtown Des Moines, the Norhtstar Building enjoys an enviable location with exceptional exposure. Its close proximity to the skywalk, parking facilities, and a wide array of retail and restaurant amenities makes it a highly sought-after destination. This impressive building stands tall with 10 stories, offering approximately 35,000 square feet per

floor. With its spacious layout and prime location, 801 Walnut presents an ideal opportunity for businesses to thrive and benefit from the bustling urban environment.

• Mulberry Garage

The Mulberry Garage is a large parking facility located in downtown. Spanning an impressive size of 545,238 square feet across 1.913 acres, it offers a total of 1,625 parking spaces to cater to the needs of local businesses and visitors. Constructed in 2002 with solid concrete construction, the Mulberry Garage is built to withstand the demands of a busy urban environment. Its advantageous

zoning classification as DX1 Downtown allows for a mix of commercial and residential uses, making it a valuable asset for the surrounding area. Additionally, the garage features a unique skywalk access on the second floor, providing convenient and safe pedestrian connections to nearby buildings.

Property Description:

Situated in a vibrant, Des Moines location, you'll enjoy convenient access to amenities, restaurants and public transportation. This conveniently located office building provides nearly 5,000 square feet of usable space.

Brick office building with on-site parking on busy Douglas Avenue in Des Moines, Iowa.

Property Highlights:

+ 2,437 SF

+ Sale Price: Negotiable

+ Zoned MX1 - Mixed Use District

+ Traffic Counts: 15,746 VPD

This two-story 9,100 sqft office building is for sale on .47 acres, along with 11,000 sqft building on adjacent .73 acre parcel. 1 acre total. Second building is in poor condition and best utilization may be as parking or a redevelopment opportunity. An additional half-acre may be available if needed. No existing leases in place. Improvements may be eligible for reimbursement of up to $30k through the Facade Improvement Program.

Cushman & Wakefield Iowa Commercial Advisors Exclusively Offers:

• 3,290 SF building | .795 AC lot

• Built in 1965

• Highly visible and easily accessible office building

• Ideal building for childcare facility

• Large fenced-in backyard

• On-site storage shed

• Monument signage on Hickman Rd

• Billboard sign lease generates $1,500 a year in

revenue

Property Information:

• High traffic counts offer outstanding visibility and signage

options.

• Direct access from 3rd Street exit on Interstate

235 four blocks to the North.

• Abundant off-street parking options.

• Nearby amenities include city parking garage,

Wells Fargo Arena, hotels, and the Principal

River Walk.

PROPERTY HIGHLIGHTS

• Historically renovated office building with a sleek

industrial feel

• 25 stall, climate-controlled underground parking

garage

• Tenant improvement package available for tenant

buildout

• Located in the heart of CBD Des Moines

• Demising opportunities within the building

• Just a minute’s walk to nearby restaurants and

Pappajohn Sculpture Park

Property Description:

Multi use building for sale. Built in 1910 this one time fire house is now home to 2 two bedroom apartments and a main floor retail or office use. This won't last!

Property Highlights:

• 2 Two bedroom apartment

• 1,775 SF of office/retail

• Close to downtown

• Onsite parking

OFFERING SUMMARY

• Sale Price: $2,200,000

• Building Size: 66,400 SF

• Price / SF: $33.13

• Year Built: 1966

• Zoning: C-4

• Market: Des Moines

PROPERTY OVERVIEW

Merle Hay Mall is located conveniently at the border of Urbandale and Des Moines in a densely-populated residential area with approximately 89,000 people within a 3-mile radius and the greatest number of high income households in the market. This retail corridor is in a prime location along Merle Hay Road, which is Des Moines' third most traveled road.

The sale includes a six story high rise and adjacent former theater, which could be used for a medical

or event center. This redevelopment opportunity is best suited for active seniors housing or multifamily due to the Tower's direct access to amenities such as grocery, apparel, lifestyle, entertainment, and public transit; however, ownership is motivated to redevelop and would be open to other uses that coincide well with the mall.

Most notable tenants ownership has brought to the mall within the past few years includes FLIX

Brewhouse Luxury Theater, Ross Dress For Less, Gameday Sports Bar & Restaurant and more.

Existing tenants include Kohl's, Target, Merle Hay Lanes, Ulta, Old Navy, Massage Heights and more!

PROPERTY HIGHLIGHTS

• Direct, Indoor Access to Super-Regional Mall

• Located Ideally on High-Traffic Merle Hay Road

• Controlled, Full Movement Lighted Intersection

• Multiple Lot Entrances with Ample Surface and

Covered Parking

• High Walkability Score

• Located Along 3 Des Moines Area Transit

Authority Bus Stops

• HVAC System in Good Condition

Lease Rate

+ $16.00/SF Modified Gross

Building Features

+ 3-Story Office/Retail Building

+ 2,000 SF Available

+ On-site Parking

Sale Price

+ Negotiable

3rd Floor: 2,000 SF

+ 2 Offices

+ Conference Room

+ Kitchenette

+ 1 Restroom

+ Rooftop Patio

CBRE|Hubbell Commercial is pleased to offer for sale the former LifeServe Blood Center headquarters, located in the heart of East Village. The current building structure, land size and location creates a unique re-development opportunity. The property sits on East Locust Street between East 4th and East 5th Street, occupying 2.47 Acres of the 2.55 Acre block. The property has convenient interstate access and is within walking distance of the Des Moines Central Business Office District, the Iowa State Capital, the Market District, Principal Park, and numerous East Village restaurants, retail shops and service establishments.