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  5. ›Lease of Rental Space Located at 217 5th Street

City of West Des Moines·Iowa

Lease of Rental Space Located at 217 5th Street

Closes 10/28/2026$25k – $50kRequest for Proposal
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Description

The City of West Des Moines is seeking a qualified lessee for a 400‑sq‑ft first‑floor office/retail space in the Valley Junction district. The lease term is an initial two‑year period with automatic one‑year renewals, a minimum monthly rent of $1,000 (negotiable), and a $1,000 security deposit. The City will cover HVAC and water; the tenant must handle garbage, utilities, and any required improvements, signage, or awning installations. Comprehensive insurance (CGL, property, workers’ comp, umbrella) and compliance with all local ordinances are required. Proposals must be submitted in a sealed envelope by 2 p.m. CT on 28 Oct 2026 and include business description, rent offer, proposed improvements, and confirmation of ability to meet lease terms. Evaluation will consider rent amount, business type, compatibility with the area, and completeness of the proposal.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Trevor Hoth(Recreation Program and Facility Supervisor)

[email protected]

(515) 222-4329

Key dates

Opened
10/9/2026
Closes
10/28/2026
Duration
2 years

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531120
Solicitation №
NA

Budget estimate

$25,000 – $50,000

The lease requires a minimum rent of $1,000 per month for a two‑year term, yielding $24,000 in base rent. The City also expects a $1,000 security deposit and the first month’s rent up‑front, bringing total cash flow to roughly $25,000. Since the rent is negotiable, a competitive tenant might offer $1,500–$2,000 per month, raising the two‑year revenue to $36,000–$48,000 plus the deposit. Therefore, the expected budget range is approximately $25k to $50k over the initial lease period, with additional upside if the tenant elects higher rent or elects to renew.

AI estimate from the solicitation

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