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    15 S Center St Marshalltown, IA 50158

    For Sale
    $185,000

    Mixed Use, Commercial Sale - Marshalltown, IA

    Property size:
    11,850 SF
    Lot size:
    0.19 Acres
    Days on Market:
    31
    Last Refresh:
    Dec 5 at 6:06 am

    Property Features for 15 S Center St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    8418-35-128-016
    Size
    11,850 SF
    Lot size
    0.19 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1880
    Number of units
    1
    Building materials
    Brick
    Roof type
    Rubber
    Architectural style
    Other

    Premier Real Estate Group, Inc. (641) 754-5678 [email protected]

    Listing agent Chris Brodin (641) 754-5678 License #***

    Listing date Nov 5, 2025

    MLS# 6318907 Listing URL

    Copyright © 2025 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Marshalltown Mixed-Use Opportunity

    Located in the redeveloping historic downtown area of Marshalltown, this mixed-use property presents an opportunity for upper-story housing units with retail space on the main floor. Situated across from the redeveloped courthouse, the location is suitable for business and residential development. The multi-level property offers potential for growth and investment. Recent improvements include new showroom lighting installed in 2018, a new TPO roof and central air system in 2019, a new rear steel door in 2020, and an upgraded electrical breaker box and waterproofed basement in 2021. The basement is suitable for storage and backstock. The property size is 11850 square feet, situated on a lot of 0.19 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Marshalltown
    County
    Marshall
    State
    Iowa
    Longitude
    -92.913156
    Latitude
    42.048646

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    FAQs

    What type of property is this?
    Retail space - Redeveloping historic downtown location with retail and residential potential.
    Where is this retail space located?
    The property is located at 15 S Center St Marshalltown, IA.
    What is the asking price?
    The asking price for this property is $185,000.
    What are key features of this property?
    This property features: - Prime location in the redeveloping historic downtown Marshalltown, directly across from the newly redeveloped courthouse.; - Immense potential for upper-story housing units with existing retail space on the main floor.; - Recent improvements including a new TPO roof (2019) and central air system (2019).
    (641) 754-5678
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    Marshalltown, IA 50158
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    15 S Center St Marshalltown, IA 50158
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