777 3Rd StDes Moines, IA 50309

Property Details for 777 3Rd St

Year built

1995

Construction

STEEL FRAME

Lot size

0.84 AC

Property size (Sq ft)

34,660 SF

Zone code

C-3

Property type

Investment properties

Property subtype

Live-work space

APN

030/04244-005-000

APU

3004244005000

Description

This exceptional 30,210 square foot office building, located at 777 3rd Street in Des Moines, Iowa, presents a unique investment opportunity. Situated on a 0.84-acre lot in Polk County, this property offers a versatile space ideal for a variety of businesses. The building is currently configured for multiple tenants, with a minimum divisible space of 4,864 square feet, allowing for flexibility in tenant occupancy. Its "Creative, General" office subtype suggests an adaptable layout suitable for innovative and traditional office uses. The building's central Des Moines location provides easy access to downtown amenities, transportation networks, and a thriving business community. The property is available for both sale and lease, offering prospective buyers and tenants a range of options to suit their specific needs. This is an excellent opportunity to acquire a well-located, adaptable office building in a dynamic and growing market. The zip code is 50309. Serious inquiries are encouraged to explore the possibilities this property offers. The building's size and layout provide ample space for expansion or consolidation, making it a compelling choice for businesses seeking a prominent presence in the heart of Des Moines.

• CAP approach

  CAP return

  Valuation

  6%

  $6,043,484

  6.5%

  $5,578,600

  7%

  $5,180,128

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,769,046

  Geo Method

  $1,769,046

• Alternative Use

  Use

  Valuation

  Residential

  $6,917,464

  Hospitality

  $6,336,360

  Educational

  $5,271,777

  Medical

  $5,453,082

  Retail

  $8,200,542

Location Insight

City

Des Moines

County

Polk

State

Iowa

Latitude

41.5913

Longitude

-93.6209

CBSA code

19780

CBSA name

DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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