Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    324 44Th St, Unit unit 400 & 500 Marion, IA 52302

    Sponsored
    For Sale
    Contact for pricing

    COMMERCIAL - Marion, IA

    Property size:
    9,300 SF
    Days on Market:
    72
    Last Refresh:
    Feb 27 at 7:06 pm

    Property Features for 324 44Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    I-2
    APN
    15051-77009-00000
    Size
    9,300 SF

    Building Details

    Year built
    2021
    Flooring type
    Concrete
    Building materials
    Pre Eng Steel
    Roof type
    Metal

    We can help!

    Listing Contact
    Mitch Myers
    Mitch Myers

    Coldwell Banker Hedges (319) 367-8760

    Listing agent Mitch Myers (319) 551-5128

    Listing date Dec 18, 2025

    MLS# 2509909

    Copyright © 2026 Cedar Rapids Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Marion Commercial Flex Space Available

    This newer building in Marion, Iowa, offers flexible space suitable for a contractor, warehouse, or retail business. The pre-engineered steel, clear-span metal building features heights of 17 feet in the front and 15 feet in the back. It includes 14-foot overhead doors on the front. The building is 60 feet deep. The unit is heated, and off-street parking is available. The space can be leased as a single 1860-square-foot suite or combined for a total of 3720 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel

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

    Similar Places Nearby

    Corridor Storage, All Secure Storage, Gary Holub Storage, KRTO Investments LLC OUTDOOR STORAGE, Platinum Self Storage

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Linn
    State
    Iowa
    Longitude
    -91.5634043
    Latitude
    42.0295238

    Nearby Similar for Sale

    • $159,900
      1,600 SF

      Marion Duplex: Investor Opportunity

      Well-maintained Marion duplex with long-term tenants and separate utilities.
      535 8Th Ave, Marion, IA 52302
      View Details
    • $230,000
      1,716 SF

      Marion Duplex Near Parkview Elementary

      Side-by-side duplex near school and park, remodeled unit.
      310 4Th St, Marion, IA 52302
      View Details
    • $620,000
      7,830 SF

      Warehouse Investment Opportunity in Marion

      Warehouse with existing income stream and outdoor storage.
      3243 Epic Dr, Marion, IA
      View Details
    • $2,245,000
      18,630 SF

      Premier Event Center with Expansion

      Elegant 10,800 SF venue ideal for weddings and corporate events.
      2987-3243 Epic Dr, Marion, IA
      View Details
    • $1,625,000
      10,800 SF

      Elegant Event Center with Expansion

      Premier event center ideal for weddings, galas, and corporate functions.
      2987 Epic Dr, Marion, IA
      View Details
    • $1,100,000
      7,305 SF

      Uptown Marion Mixed-Use Property

      Prime Uptown Marion property with established pub and apartments.
      1038-1048 7Th Ave, Marion, IA 52302
      View Details
    • $260,000
      Pending

      Marion Multifamily Property For Sale

      Multifamily property in Marion, Iowa, with 3,100 square feet.
      4681 Vasey Ave, Marion, IA 52302
      View Details
    • Contact for pricing
      0.19 Acres

      Prime Marion Retail Space

      High-visibility retail space, 0.19 acres.
      1000 7Th Ave, Marion, IA 52302
      View Details
    • New
      $499,950
      4,800 SF

      Marion Office Investment Opportunity

      All-brick office building with long-term tenants and solar energy integration.
      888 10Th St, Marion, IA 52302
      View Details
    • New
      $199,900
      975 SF

      Marion Commercial Property For Sale

      Commercial property near downtown Marion with high traffic and visibility.
      605 8Th Ave, Marion, IA 52302
      View Details
    • $1,985,000
      15,000 SF

      Versatile Commercial Building in Marion, IA

      15,000 SF commercial building with additional mezzanine space for sale.
      6200 N Gateway Dr, Marion, IA 52302
      View Details
    • Contact for pricing
      5,210 SF

      Uptown Marion Office Suite

      Two-room office suite in the heart of Uptown Marion.
      642 10Th St, Marion, IA 52302
      View Details

    FAQs

    What type of property is this?
    Warehouse - Newer building suitable for contractor, warehouse, or retail use.
    Where is this warehouse located?
    The property is located at 324 44Th St, Unit unit 400 & 500 Marion, IA.
    What are key features of this property?
    This property features: - Newer building built in 2021, offering modern construction.; - Flexible space: Lease 1860 sf or **3720 sf**.; - Suitable for various uses: contractor, warehouse, or retail.
    (319) 367-8760
    Request Owner's contact information
    324 44Th St, Unit unit 400 & 500 Marion, IA 52302
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    324 44Th St, Unit unit 400 & 500
    Marion, IA 52302
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    324 44Th St, Unit unit 400 & 500 Marion, IA 52302
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Mitch Myers
    Mitch Myers
    Real Estate License ID: S71560000
    (319) 367-8760 (319) 378-8760 (319) 551-5128
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!