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    501 7Th Ave Marion, IA 52302

    Sponsored
    For Sale
    $1,099,000

    Anytime Fitness Franchise, High ROI Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional investment opportunity presents a thriving Anytime Fitness franchise located at 501 7th Avenue in Marion, IA. The property boasts a recently completed $50,000 interior refresh, ensuring a modern and attractive facility for the tenant. A 6-year lease is in place with 3.5 years remaining, featuring built-in rent increases, providing consistent and growing income. The tenant is responsible for property taxes, while the landlord covers building maintenance and insurance, minimizing operational burdens. The building itself is in excellent condition, having undergone a comprehensive interior and exterior renovation and addition in 2017. This included the installation of a new HVAC system. Further enhancing the property's value are a new roof (2020) and a newly paved parking lot (2022). The property enjoys a highly visible location with significant traffic flow, ensuring strong tenant visibility and accessibility. This turnkey investment offers a compelling combination of a stable, high-performing tenant, a well-maintained building, and a prime location, making it an ideal addition to any portfolio. The asking price is $1,099,000. The property sits on a 0-acre lot. This is a rare opportunity to acquire a strong-performing investment property with significant upside potential.

    Property Features for 501 7Th Ave

    General Information

    Property type
    Investment properties

    Building Details

    Year Built
    1999
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Linn
    State
    Iowa
    Longitude
    -91.60485
    Latitude
    42.03304

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    FAQs

    What type of property is this?
    Investment property - Anytime Fitness Franchise, High ROI Potential
    Where is this investment property located?
    The property is located at 501 7Th Ave Marion, IA.
    What is the asking price?
    The asking price for this property is $1,099,000.
    (319) 363-8286
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    501 7Th Ave Marion, IA 52302
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    Marion, IA 52302
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    Realmo Value Estimation

    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.

    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.

    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
    501 7Th Ave Marion, IA 52302
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