The Market Building - office in Des Moines, IA
Office

The Market Building

the market building, des moines, IA 50309

Price

Price on request

Price/Sq Ft

$250.00

Description

The Market Building is the newest project from Christensen Development. Located in the heart of the Market District, this property will undergo a complete renovation, creating one of the most creative office opportunities in the marketplace. The 33,792 square foot property has ability for multiple tenants and possibility for an attractive new rooftop patio. The building is conveniently located just south of the East Village and east of downtown Des Moines core, just minutes from Interstate 235. Modern finishes, creative loft feel, and proximity to East Village attractions make this building a perfect location for any office space user.

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

Location

the market building, des moines, IA 50309

Marker
Leaflet © OpenStreetMap contributors

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

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CBRE System Import