Retail in Des Moines, IA - retail in Des Moines, IA
Retail

Retail in Des Moines, IA

3430 martin luther king junior parkway, des moines, IA 50310

Price

$975,000

Price/Sq Ft

$975.00

Description

This 12,212 sf junior anchor space is now available for sale or for lease at Harding Hills Shopping Center, anchored by Hy-Vee Grocery. The space offers a flexible layout suitable for retail, showroom, or service/office uses. The building sits just south of the intersection of Martin Luther King Jr. Parkway and Douglas Avenue on Des Moines’ north side. Controlled access is provided by a signalized intersection and ample parking is provided via a cross-access easement with the shopping center.

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

Location

3430 martin luther king junior parkway, des moines, IA 50310

Marker
Leaflet © OpenStreetMap contributors

Financial Details

Lease TypeTriple Net (NNN)

Market Context

This retail in Des Moines, IA is listed for lease at $975,000. It has been on the market for 147 days.

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

Unified Estimate

Low Confidence
$6.59/SF/mo-$8.91/SF/mo
Mid: $7.75/SF/mo

Rate estimator only; cost-of-business estimate unavailable.

Lease Rate & Market Trend

Market report quarterly trend fallback

Very Low Confidence

Modeled Rate Estimate

$17.50 – $22.50/SF/mo

Estimator modeled rate · mid $20.00

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.

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

Rent vs. Market

$7.75

99.3% below market average

Listed at $7.75/sqft/mo vs. market avg $1152.75/sqft/mo

Assumptions
  • Market comparison: retail in des moines, IA

More Retail for Lease in Des Moines, IA(5)

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Listed by

CBRE System Import