Stand-Alone Flex Warehouse and
6200 N Gateway Drive, Marion, IA 52302
- Added:
- Sep 23, 2025
- Days on Market:
- 278
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 6200 N Gateway Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- BR
- Standard status
- Active
- APN
- 150410100600000
- Size
- 15,000 SF
- Lot size
- 1.58 Acres
Taxes and HOA fees
- Tax Description
- Lot 2 Marion Commerce Park 1st
- Tax Annual Amount
- 40486
Building Details
- Year built
- 2015
- Flooring type
- Concrete, Carpet
- Building materials
- Pre Eng Steel
- Roof type
- Metal
Listing agent Charlie Potter (319) 377-5056
Listing office POTTER REAL ESTATE 642 10TH ST, Marion, IA (319) 377-5056
Listing date Sep 23, 2025
MLS# 2508040
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.
HighLights
- Stand‑alone commercial building built in 2015 with metal roof and pre‑engineered steel construction
- 15,000 SF of floor space plus 4,375 SF of mezzanine area for additional storage or usable space
- 10,625 SF open shop/gym area with 22' sidewalls, heat & A/C, and fully sprinkled building
- Main floor includes foyer, receptionist desk, private office, men’s and women’s restrooms, and kitchenette plus two large rooms
- Includes 1 12x12 OH door for shop/gym access
- Deed restriction and lease restriction prohibit another gymnastics, ninja warrior, or trampoline‑type use
Overview
This freestanding commercial building includes a mix of office and open-area improvements. The main floor features a foyer, receptionist desk, private office, men’s and women’s restrooms, and a kitchenette, along with a large waiting/open area and two additional large rooms that could be repurposed for office use. The property also contains a substantial open shop/gym area of 10,625 square feet with 22-foot sidewalls, heat and A/C, and full sprinkler coverage. A 12x12 overhead door provides direct access to the shop/gym space, and there is an additional 4,375 square feet of mezzanine area.
The building is set on a 1.58-acre lot in Marion, Iowa, at 6200 N. Gateway Drive. The adjacent area is described as developing quickly, with a mix of commercial and residential uses. Public remarks note traffic counts at 151 and 62nd Street of 16,000+ vehicles per day.
Because the layout combines office-ready rooms with a high-bay, sprinklered open area, the building may fit tenants seeking warehouse/showroom style space with built-in administrative support. Public remarks also indicate deed and lease restrictions that prohibit another gymnastics, ninja warrior, or trampoline type use. All signs, including the monument sign at the corner of 62nd St & N. Gateway, are slated to be removed prior to closing.
The building is set on a 1.58-acre lot in Marion, Iowa, at 6200 N. Gateway Drive. The adjacent area is described as developing quickly, with a mix of commercial and residential uses. Public remarks note traffic counts at 151 and 62nd Street of 16,000+ vehicles per day.
Because the layout combines office-ready rooms with a high-bay, sprinklered open area, the building may fit tenants seeking warehouse/showroom style space with built-in administrative support. Public remarks also indicate deed and lease restrictions that prohibit another gymnastics, ninja warrior, or trampoline type use. All signs, including the monument sign at the corner of 62nd St & N. Gateway, are slated to be removed prior to closing.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $219.6k | $14.64 |
| − Vacancy | −$17.0k | −$1.13 |
| EGI | $202.6k | $13.51 |
| − OpEx | −$60.8k | −$4.05 |
| NOI | $141.8k | $9.46 |
15,000 SF · lease $14.64/SF/yr · vacancy 7.73% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.03M
$1.77M – $2.36M
NOI $141,837 @ 7.0% cap · market cap 7.15%
Second Best
Warehouse
$1.26M
$1.11M – $1.47M
NOI $88,482 @ 7.0% cap · market cap 4.46%
Theoretical Best
Self Storage
$2.52M
$2.21M – $2.95M
NOI $176,715 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Fitness centers & gyms
Similar Places Nearby
- Victory Gymnastics Training Center — 6200 N Gateway Dr, Marion, IA 52302
- Cedar Rapids Boxing — 6244 Partners Ave Suite 218/219, Marion, IA 52302
- Xpress 24/7 — 6154 Carlson Way #6156, Marion, IA 52302
Location Insight
- Map
- Local Demand
- City
- Marion
- County
- Linn
- State
- Iowa
- Longitude
- -91.5446931
- Latitude
- 42.0342285
Nearby Similar for Sale
FAQs
What type of property is this?
Fitness center & gym - Freestanding building with office support space and a large shop/gym area, plus a loading door for flexible use.
Where is this fitness center & gym located?
The property is located at 6200 N Gateway Drive Marion, IA.
What is the asking price?
The asking price for this property is $1,985,000.
What are key features of this property?
This property features: Stand‑alone commercial building built in 2015 with metal roof and pre‑engineered steel construction; 15,000 SF of floor space plus 4,375 SF of mezzanine area for additional storage or usable space; 10,625 SF open shop/gym area with 22' sidewalls, heat & A/C, and fully sprinkled building
