Listing Agents
Lora Simpson
T | 515.729.4516
lsimpson@paramountlodging.com
Mike Schlictman
T | 803.920.4173
mikes@paramountlodging.com
Andrew Makhlouf
T | 312.610.9067
amakhlouf@paramountlodging.com
Detailed Information
Location
Property Highlights
- Fee simple interest in the iconic Liberty Building, a mixed-use property that stands as a historic landmark in the heart of downtown Des Moines, IA
- Housed within the 12-story Liberty Building are the 93-room Hyatt Place Downtown Des Moines, 38,000 square feet of rentable office/retail space, and three floors of privately owned condo units
- The Liberty Building includes an adjacent six-story, 266-stall parking structure connected through the downtown Des Moines skywalk system
- The Hyatt Place and commercial spaces are being offered unencumbered by management
- Opportunity to explore potential alternative uses for the additional 38,000 sf of office space in the building that may be eligible for public incentives
LOCATION SUMMARY
- Strategically positioned at the corner of 6th Avenue and Grand Avenue in the central business district, the Liberty Building offers direct access to the skywalk system and DART D-line shuttle bus route
- Within walking distance to the Iowa Events Center, Court Avenue Entertainment District, Des Moines Civic Center, and the world-renowned Pappajohn Sculpture Park
- Centrally located near several major downtown employers and medical facilities, including the global headquarters of Principal Financial Group, the national headquarters of EMC Insurance Company, Unity Point Methodist Medical Center, and MercyOne Des Moines Medical Center
- Easily accessible to other regional attractions, such as the State Capitol Complex, Historic East Village, Iowa State Fairgrounds, Blank Park Zoo, and the Des Moines International Airport
- An opportune time to invest in Des Moines with $1.7 billion in new construction completed in recent years and another $1.9 billion in projects underway in the downtown area
- Greater Des Moines experienced the highest population growth among major Midwest metros from 2020-2023, surpassing Chicago, Milwaukee, Minneapolis, Omaha, Kansas City, and St. Louis in both year-over-year and over the previous decade