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212 E 3rd St 10,560 SF 100% Leased Retail Building Des Moines, IA 50309 $2,700,000 ($255.68/SF)
Investment Highlights
- Rare mixed-use investment in the East Village
- Prime retail location
- Located in the East Village and near the Market District
Executive Summary
Cushman and Wakefield Iowa Commercial Advisors Exclusively Offers:
212 E 3rd Street offers a rare investment opportunity in Des Moines’ vibrant East Village, featuring a beautifully restored, historically renovated mixed-use property that blends timeless character with modern appeal. With strong, established tenants and favorable lease terms remaining, this asset provides both stability and upside potential. Its prime location and exceptional condition make it a standout addition to any investment portfolio—truly a chance to secure a premier property in one of the city’s most desirable districts.
212 E 3rd Street offers a rare investment opportunity in Des Moines’ vibrant East Village, featuring a beautifully restored, historically renovated mixed-use property that blends timeless character with modern appeal. With strong, established tenants and favorable lease terms remaining, this asset provides both stability and upside potential. Its prime location and exceptional condition make it a standout addition to any investment portfolio—truly a chance to secure a premier property in one of the city’s most desirable districts.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
10,560 SF
Building Class
B
Year Built/Renovated
1906/2017
Price
$2,700,000
Price Per SF
$255.68
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.62
Lot Size
0.15 AC
Zoning
DX2 - DX2- Downtown District
Parking
10 Spaces (0.95 Spaces per 1,000 SF Leased)
Frontage
54’ on 3rd St
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Cornerstone Government Affairs
- Professional, Scientific, and Technical Services
- -
- -
- -
- -
- Midwest Ventures 5
- -
- -
- $18.50
- Triple Net
- Feb 2040
- The Breakfast Club
- Accommodation and Food Services
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Cornerstone Government Affairs | Professional, Scientific, and Technical Services | - | - | - | - | |
| Midwest Ventures 5 | - | - | $18.50 | Triple Net | Feb 2040 | |
| The Breakfast Club | Accommodation and Food Services | - | - | - | - |
Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Exceptionally bikeable
90/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 040-03911000000 | Improvements Assessment | $1,628,000 |
| Land Assessment | $252,000 | Total Assessment | $1,880,000 |
Property Taxes
Parcel Number
040-03911000000
Land Assessment
$252,000
Improvements Assessment
$1,628,000
Total Assessment
$1,880,000
Contacts
-
Mark Timmins -
Jordan Bouslog -
Brandon Fitz -
Cushman & Wakefield | Iowa Commercial Advisors
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212 E 3rd St
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