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Property profile & analytics
FOR LEASE
Strip malls

1155 Grand Ave Marion, IA 52302

19,533 SF 3.44 ac lot Built 1966
Individually Owned 2-yr Hold ~ Est. High Equity
Property ID
US25-1384622
Property summary
AI-generated overview

This exceptional commercial property, located at 1155-1199 Grand Avenue in Marion, Iowa, offers a prime opportunity for businesses seeking flexible office space. The single-story building, constructed in 1966, encompasses 19,533 square feet and sits on a generous 3.44-acre lot. Currently, 1,720 square feet of office space is available, divisible into units ranging from a minimum of 600 square feet to a maximum contiguous space of 1,120 square feet. The property is zoned BC, Community Business, and features abundant on-site parking. Benefit from excellent visibility and high traffic counts, with an average daily traffic volume of 11,000 vehicles, as reported by the Iowa Department of Transportation. The lease is a modified gross rate, with tenants responsible for utilities and internet. This location provides easy access for employees and clients alike, making it an ideal choice for a variety of businesses. The property's APN is 150722600300000. This is a rare opportunity to secure well-located, adaptable office space in a thriving community. Inquire today to learn more about lease terms and available suite configurations.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1966
Total area 19,533 SF
Lot 3.44 ac (149,846 SF)
APN 15-07-2-26-003-0-0000
UPID US25-1384622
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$770k
CAP Approach CAP
by Request
Comparable Approach Comparable
$965k
Blend (final) Blend
$770k
Owner & transaction history
John Khairallah · 2 yrs held
John Khairallah
since 2024
Last sale
$770,000
7 recorded transactions
2024
$770,000
2016
Price N/A
2009
Price N/A
2006
$775,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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