Kruidenier Building

Off-Market

1408 Locust Street, Des Moines, IA 50309

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - General Office
  • Property Size 32,000 SF
  • Lot Size 0.53 Acre
  • Parking Spaces Avail. 32
  • Parking Ratio 1.00 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 2011

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Brokers

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Documents

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Sales

  • Purchase Date 19 Dec, 2019
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in Des Moines

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Des Moines Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2022 Avg. Asking Rent $24.70
  • 2022 Office Vacancy Rate 12.09%
  • 2022 Office Completions (SF)

Des Moines Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2022 Avg. Price per SF $117.54
  • 2022 Office Sales Volume $22.4M
  • 2022 Number of Transactions 5
View more Des Moines market trends

Location

Getting Around

  • Walk Score ®

    79/100 Very Walkable
  • Transit Score ®

    59/100 Good Transit
  • Bike Score ®

    57/100 Bikeable
Powered by Walk Score ®
  • City Des Moines, IA
  • Neighborhood Downtown Des Moines
  • Zip Code 50309
  • Market Des Moines

Points of Interest

  • QuikTrip

    0.19 miles

  • Git N Go

    0.61 miles

  • Kum & Go

    0.67 miles

  • ChargePoint Charging Station

    0.68 miles

  • BP

    0.78 miles

  • Star

    0.94 miles

  • ChargePoint Charging Station

    1.09 miles

  • QuikTrip

    1.20 miles

  • BP

    1.24 miles

  • Kum & Go

    1.29 miles

  • Nationwide Parking Ramp

    0.17 miles

  • Meredith Corporation Parking

    0.18 miles

  • Wellmark Parking

    0.21 miles

  • Nationwide Parking Garage

    0.21 miles

  • Principal Ramp 2

    0.28 miles

  • 10th Street Parkade

    0.31 miles

  • Iowa Methodist Parking Garage

    0.32 miles

  • Voya Financial Parking

    0.32 miles

  • Principal Ramp 1

    0.33 miles

  • 901 Grand Parking

    0.34 miles

  • Hotel Fort Des Moines

    0.26 miles

  • Des Lux Hotel

    0.39 miles

  • Des Moines Marriott Downtown

    0.46 miles

  • Holiday Inn Express & Suites

    0.47 miles

  • Surety Hotel

    0.53 miles

  • Hyatt Place Des Moines Downtown

    0.53 miles

  • Renaissance Des Moines Savery Hotel

    0.64 miles

  • Hilton Des Moines Downtown

    0.73 miles

  • Residence Inn Des Moines Downtown

    0.87 miles

  • Hampton Inn & Suites Des Moines Downtown

    0.90 miles

  • Americana

    0.03 miles

  • Django

    0.03 miles

  • The Walnut

    0.05 miles

  • Proof

    0.08 miles

  • Fighting Burrito

    0.09 miles

  • Jimmy John's

    0.09 miles

  • Smokey D's BBQ

    0.10 miles

  • South Union Bread Cafe

    0.26 miles

  • Centro

    0.27 miles

  • Django

    0.28 miles

  • Des Moines Central Campus

    0.35 miles

  • Des Moines Central Academy

    0.42 miles

  • Edmunds Elementary School

    0.71 miles

  • Mercy College of Health Sciences

    0.85 miles

  • Des Moines Area Community College Urban Campus

    1.06 miles

  • Saint John's School

    1.21 miles

  • Saint Anthony Catholic School

    1.25 miles

  • Callanan Junior High School

    1.29 miles

  • Washington School

    1.40 miles

  • Des Moines University

    1.41 miles

  • Child Development Center

    0.44 miles

  • Principal Child Development Center

    0.57 miles

  • Childtime of Des Moines

    0.68 miles

  • ChildServe Woodland Center

    0.83 miles

  • Child Development Center

    1.41 miles

  • Conmigo Early Education Center

    1.65 miles

  • Wonder Years Academy

    3.32 miles

  • New Horizons Academy

    3.78 miles

  • The Kids Room

    4.10 miles

  • Kingdom Kids Academy

    4.15 miles

Frequently Asked Questions

What is the total square footage of Kruidenier Building?

Kruidenier Building totals 32,000 square feet.

When was Kruidenier Building last sold?

Kruidenier Building was last sold on 19 Dec, 2019.

What is the property tax for Kruidenier Building?

The property tax for Kruidenier Building in 2023-2024 was $131,228.

What is the market value for Kruidenier Building?

The market value* for Kruidenier Building in 2023-2024 was $3,381,100.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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