Description

The KataLYST Team at KW Commercial is proud to present a rare opportunity to own a piece of the future—a legacy, 3rd-generation industrial property positioned in the heart of downtown Des Moines’ rapidly growing Market District. This three-building asset offers a unique blend of stability and upside. With two tenants already in place, the remaining space becomes your canvas—whether you’re an owner-user looking to control your overhead and plant roots in a redeveloping corridor, or an investor seeking steady cash flow and long-term appreciation. This is more than a property—it’s a foothold in a neighborhood on the brink of transformation, with multi-million dollar developments unfolding within blocks. Secure a low-cost basis today, benefit from existing income, and ride the wave of growth that’s reshaping the district.

Details

Address: 301 Southeast 8th St.
City & State: Des Moines, IA
Current Price: $2,350,000
Building Size: 54,714 SF
Cap Rate: 3.75%
Year Built: 1965

Property Highlights

• Opportunity for Owner-Use to Purchase as Area Develops
• Opportunity for Investor to Purchase and Lease Vacant Space
• Located Next to the New 26 Acre Park being Developed
• Direct Line-of-Sight to Iowa State Capital