Insurance Exchange Building

429 Grand Avenue, Des Moines, IA 50309

Property Information

  • For Lease $16.00 - $22.00/SF/YR
  • Property Type Office - General Office
  • Property Size 136,000 SF
  • Lot Size 0.49 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1923
  • Date Updated Mar 30, 2026

Description

The Insurance Exchange Building is a 136,000-square-foot office property situated on a 0.49-acre lot at 429 Grand Avenue. Built in 1923, this Class B building combines historic charm with functionality, ideal for businesses seeking a professional setting in Downtown Des Moines. While parking availability is not specified, several parking facilities are conveniently located nearby.

Nestled in the heart of Downtown Des Moines, the property benefits from close proximity to hotels, dining options, and various amenities. Nearby hotels include the Renaissance Des Moines Savery Hotel and Hyatt Place Des Moines Downtown, both within approximately 0.1 miles. Restaurants such as Domino’s and Splash Seafood Bar & Grill are just steps away, offering quick lunch or after-work dining options. Educational institutions like Mercy College of Health Sciences are less than 0.5 miles away, while child care centers such as Principal Child Development Center are also close by.

10 Spaces Available

501 5th Ave #1005

Space Type

General Office

Lease Rate

$20.00/SF/YR

Total Space

5,364 SF

Floor

10

Divisible Space

5,364 - 5,364 SF

Available Date

Immediate

Renewal Option

Yes

Sublease

No

501 5th Ave #101

Space Type

Retail

Lease Rate

$22.00/SF/YR

Total Space

2,875 SF

Floor

1

Divisible Space

2,875 - 2,875 SF

Available Date

Immediate

Lease Type

Full Service

Renewal Option

Yes

Sublease

No

Build Type

Shell

501 5th Ave #200

Space Type

General Office

Lease Rate

$18.00/SF/YR

Total Space

11,369 SF

Floor

2

Divisible Space

5,500 - 11,369 SF

Available Date

Immediate

Renewal Option

Yes

Sublease

No

501 5th Ave #250

Space Type

General Office

Lease Rate

$18.00/SF/YR

Total Space

2,028 SF

Floor

2

Divisible Space

2,028 - 2,028 SF

Available Date

Immediate

Renewal Option

Yes

Sublease

No

501 5th Ave #301

Space Type

General Office

Lease Rate

$16.00/SF/YR

Total Space

930 SF

Floor

3

Divisible Space

930 - 930 SF

Available Date

Immediate

Renewal Option

Yes

Sublease

No

Contacts

Location

Located at 429 Grand Avenue, Des Moines, IA 50309, this property is part of the Downtown Des Moines neighborhood and Des Moines market.

Contact Insurance Exchange Building
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