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515 28th St 680 - 8,500 SF of Retail Space Available in Des Moines, IA 50312
HIGHLIGHTS
- Pedestrian / Bicycle Friendly.
- Ample Parking - 4/1,000 ratio.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 680-8,500 SF | 5-10 Years | $28.00 /SF/YR $2.33 /SF/MO $238,000 /YR $19,833 /MO | Triple Net (NNN) |
1st Floor
With 16-foot ceilings, abundant natural light, preserved steel beams, and exposed brick walls, the space seamlessly blends industrial charm with modern functionally.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Space is in Excellent Condition
- Central Air and Heating
- Flexible layout and space sizes available.
- TI allowance possible for qualified tenant.
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 8,500 SF | Gross Leasable Area | 12,100 SF |
| Min. Divisible | 680 SF | Year Built/Renovated | 1925/2025 |
| Property Type | Retail | Parking Ratio | 4.79/1,000 SF |
| Property Subtype | Storefront | Construction Status | Under Renovation |
| Total Space Available | 8,500 SF |
| Min. Divisible | 680 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 12,100 SF |
| Year Built/Renovated | 1925/2025 |
| Parking Ratio | 4.79/1,000 SF |
| Construction Status | Under Renovation |
ABOUT THE PROPERTY
This beautifully renovated historic building offers 12,000 square feet of flexible indoor and outdoor space, including a rooftop amenity and a cozy patio, all within a walkable neighborhood. With 16-foot ceilings, abundant natural light, preserved steel beams, and exposed brick walls, the space seamlessly blends industrial charm with modern functionally. Plus, over 50 off-street parking stalls and additional on-street options to ensure convenience for tenants and visitors alike.
NEARBY MAJOR RETAILERS
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515 28th St
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