This property is Off-Market

604 Locust Street
Des Moines, IA 50309 ·

253,168 SF · Office For Sale

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The Equitable Building

Price N/A Distressed Yes
Building Size 253,168 SF Occupancy 31%
Property Type Office Building Class B
Property Sub-type
Office Building
More...
  • Retail (Other)
Tenancy Multiple
Property Use Type Investment Lot Size 0.40 AC
Listing ID: 16887445 Date Created: 10/27/2010 Last Updated: 01/25/2012

Description

The property is being marketed on a as-is basis. Please provide letter of interest with an executive and financial summary of buyer' s qualifications.

The Equitable Building is one of the city's most prestigious landmark buildings located at Sixth and Locust Street in the Central Business District of Des Moines. Once known as the tallest building west of the Mississippi, this nineteen-story multi-tenant office building offers investors the opportunity to own one of the most recognizable buildings in the Midwest strategically located in the heart of Iowa's capital city.

Originally constructed in 1923, the building has been periodically renovated and updated since that time. The newest addition to this ever-evolving site are the high-end residential condos located on the upper floors. The conversion process began in 2006 when floors 11 through 19 began being demolished to shell condition for condominium construction. A total of 146,285 square feet is presently vacant, consisting of vacant retail and office space and demolished shell office floors intended for condominium construction.

Centrally located in the heart of downtown Des Moines with easy access to Interstate 235 via 6th Avenue.

Research

604 Locust Street, Des Moines, IA 50309 (Polk County)

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