Versatile Commercial Building Near
6240 N Gateway Drive, Marion, IA 52302
COMMERCIAL - Marion, IA
Type:Retail
Property size:
22,451 SFLot size:
1.58 AcresPrice / SF:
$169/SF- Added:
- Feb 16, 2026
- Days on Market:
- 95
- Last Refresh:
- May 22 at 9:06 pm
Property Features for 6240 N Gateway Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Zoning
- BR
- Standard status
- Active
- APN
- 150410100700000
- Size
- 22,451 SF
- Lot size
- 1.58 Acres
Taxes and HOA fees
- Tax Description
- Lot 3 Marion Commerce Park 1st
- Tax Annual Amount
- 67986
Building Details
- Year built
- 2020
- Flooring type
- Concrete
- 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 Feb 16, 2026
MLS# 2601101
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
- High‑traffic location near the intersection of Highway 13 and Highway 151 in a rapidly expanding commercial area.
- Large 22,451 sq ft engineered steel building with 19,000 sq ft on the main floor and 26' side walls.
- Fully equipped commercial kitchen (plumbed for hood vent and grease trap) with negotiable appliances.
- Versatile open gym area suitable for fitness, events, showroom, or other activities.
- Second floor with three bays/rooms ideal for golf simulators, private offices, or event spaces, plus a private office with restroom.
- Ample parking with 70 concrete parking stalls, including three handicap spaces.
Overview
Located near the intersection of Highway 13 and Highway 151 in Marion, this 22,451 square foot engineered steel building offers a commercial opportunity in a rapidly expanding area. The property features 19,000 square feet on the main floor. The building is situated among new hotels, restaurants, and gas stations. The building includes 26' side walls and three 12'x12' glass overhead doors. A fully equipped commercial kitchen is plumbed for a hood vent and grease trap, with appliances negotiable. The grand foyer resembles a hotel lobby. An open gym area provides possibilities for fitness classes, events, showroom, or other activities. A full glass wall divides the entry. The second floor features three bays/rooms, suitable for installing golf simulators or creating private office or event spaces. A private office with its own restroom is included, along with a viewing area overlooking the gym. The property offers a concrete parking lot with 70 parking stalls, including three handicap spaces. The business is relocating to a larger facility upon sale of this property. The building can accommodate a range of business ventures, including a retail outlet, corporate offices, showroom, indoor sports, or entertainment venue. The lot size is 1.58 acres.
Financial Insights
Value Estimation Calculated for Specialty Retail
Conservative
$2.53M
NOI $227,457 @ 9.00% cap · cautious / downside scenario
Moderate
$3.25M
NOI $227,457 @ 7.00% cap · market / base-case scenario
Aggressive
$4.55M
NOI $227,457 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Specialty Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $328.7k | $14.64 |
| − Vacancy | −$25.4k | −$1.13 |
| EGI | $303.3k | $13.51 |
| − OpEx | −$75.8k | −$3.38 |
| NOI | $227.5k | $10.13 |
22,451 SF · lease $14.64/SF/yr · vacancy 7.73% · expense 25.00%
Alternative Use Scenarios
Best Use
Specialty Retail
$3.25M
$2.84M – $3.79M
NOI $227,457 @ 7.0% cap · market cap 5.99%
Second Best
Retail
$3.03M
$2.65M – $3.54M
NOI $212,293 @ 7.0% cap · market cap 5.59%
Theoretical Best
Self Storage
$3.78M
$3.31M – $4.41M
NOI $264,495 @ 7.0% cap · market cap 6.97%
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
- -91.5437456
- Latitude
- 42.0342161
Nearby Similar for Sale
FAQs
What type of property is this?
Fitness center & gym - 22,451 SF commercial building near Highway 13 and 151.
Where is this fitness center & gym located?
The property is located at 6240 N Gateway Drive Marion, IA.
What is the asking price?
The asking price for this property is $3,795,000.
What are key features of this property?
This property features: High‑traffic location near the intersection of Highway 13 and Highway 151 in a rapidly expanding commercial area.; Large 22,451 sq ft engineered steel building with **19,000 sq ft on the main floor** and 26' side walls.; Fully equipped commercial kitchen (plumbed for hood vent and grease trap) with negotiable appliances.
