Property in Unknown, XX - office in Des Moines, IA
Office

Property in Unknown, XX

601 east locust street, des moines, IA 50309

Price

$700,000

Price/Sq Ft

$700.00

Description

Historic office building on the cultural corridor of Walnut Street located in the Western Gateway of Des Moines.

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

601 east locust street, des moines, IA 50309

Marker
Leaflet © OpenStreetMap contributors

Market Context

This office in Des Moines, IA is listed for sale at $700,000. It has been on the market for 147 days.

Compare it against other office listings for sale in Des Moines, IA to benchmark pricing and space — view the full market.

Unified Estimate

Medium Confidence
$212.50/SF-$287.50/SF
Mid: $250.00/SF

Rate-first confidence-weighted blend with cost-of-business adjustment.

Sale Price History

Market report quarterly trend fallback

Very Low Confidence

Modeled Rate Estimate

$112.32 – $144.41/SF/yr

Estimator modeled rate · mid $128.36

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.

Financing Assumptions

Insufficient financial data for full analysis. Add more financial fields to improve metric coverage.

Market Employment Trend

YoY Growth:-0.4%
Avg Weekly Wage:$1,295

December 2025 • Source: BLS QCEW

Economic Indicators

30-Yr Mortgage:6.47%
CPI Inflation (YoY):4.2%

Source: FRED

Market Demographics

Census ACS 2024
Population38,487
Median Income$63k↓ 16%
College Educated21.2%↓ 12.2pp
Median Age42.3 yrs
Median Home Value$137k
Unemployment3.1%

2024 American Community Survey 5-Year Estimates •Released annually by U.S. Census Bureau

Assumptions
  • Interest rate: 6.47% (FRED live)
  • Loan term: 25 years
  • Down payment: 25.0%
  • Market comparison: office in des moines, IA

More Office for Sale in Des Moines, IA(5)

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