888 10th Street, Marion, IA 52302
COMMERCIAL - Marion, IA
- Added:
- May 4, 2026
- Days on Market:
- 55
- Last Refresh:
- Jun 27 at 3:06 pm
Property Features for 888 10th Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- Comm
- Rooms
- Basement
- Standard status
- Active
- APN
- 14011-05001-00000
- Size
- 4,800 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Description
- As Per Abstract
- Tax Annual Amount
- 7495
Building Details
- Year built
- 1966
- Flooring type
- Carpet
- Building materials
- Frame
- Roof type
- Membrane
Listing agent Scott Rosekrans-Rosekrans Stines Team (319) 395-0101
Listing office RE/MAX CONCEPTS 5235 Buffalo Ridge Drive NE SUITE B, Cedar Rapids, IA (319) 395-0101
Listing date May 4, 2026
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
- All‑brick office building built in 1966
- Fully occupied with stable, long‑term tenants
- Includes multiple private offices, a conference room, two breakrooms, and restrooms on each level
- Roof is membrane; frame construction
- Carpet flooring; includes a basement
- Updated mechanical systems and solar energy integration
Overview
Located at 888 10th Street in Marion, Iowa, the property sits on a 0.11-acre site. The listing is for sale as a commercial office investment, and Public Remarks state the building is fully occupied with stable, long-term tenants.
For buyers and operators looking for an office asset with defined interior amenities, the building offers practical day-to-day functionality for office teams, including dedicated private offices, shared meeting space, and multiple restroom and breakroom options across levels. Its updated mechanical systems and solar energy integration are additional property-specific considerations for ownership and ongoing operations. For tenants, the layout supports both individual workspaces and collaboration in a conference room, with restrooms and breakrooms available on each level.
Local Financial Insights For Office B
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 | $40.3k | $8.40 |
| − Vacancy | −$9.8k | −$2.03 |
| EGI | $30.6k | $6.37 |
| − OpEx | −$7.6k | −$1.59 |
| NOI | $22.9k | $4.78 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Marion
- County
- Linn
- State
- Iowa
- Longitude
- -91.599581
- Latitude
- 42.0349172
