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    6407 Partners Ave Marion, IA 52302

    Sponsored
    For Sale
    $4,680,000

    Modern 39,000 sqft warehouse with income potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional investment opportunity presents a nearly new, 39,000-square-foot warehouse/office building situated on a 4.2-acre lot in Marion, Iowa. The property boasts four leasable suites, each spanning 9,750 square feet. One suite (Suite 100) offers 4,000 square feet of office space, complete with nine individual offices, two conference rooms, a reception area, and three bathrooms. This suite also features solar panels and is currently leased to the owner at a rate of $6.95 per square foot, with CAM charges of $3.50 per square foot on a three-year lease. The remaining three suites provide a flexible layout, suitable for either retail or office space at the front and warehouse space in the rear. Each of these warehouse suites includes two 14x14 drive-in overhead doors and one 9x10 dock door for efficient shipping and receiving. Additional features for these suites include a glass curtain wall entry, a 6-inch reinforced floor, radiant tube heating, 200-amp electrical service, three rows of LED high-bay lights, a sprinkler system, a fire alarm, and exterior surveillance with security lighting. The property offers ample parking, with over 40 spaces at the front and additional exterior parking and equipment storage at the rear. This presents a unique chance to acquire a nearly new warehouse at a cost lower than new construction, while simultaneously generating income through leasing the available warehouse space. Daily tours are available.

    Property Features for 6407 Partners Ave

    General Information

    Property type
    Retail properties
    Lot Size
    182,952 SF

    Building Details

    Year Built
    2022
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Restaurant Realty agency Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Linn
    State
    Iowa
    Longitude
    -91.5394
    Latitude
    42.02822

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    FAQs

    What type of property is this?
    Retail property - Modern 39,000 sqft warehouse with income potential.
    Where is this retail property located?
    The property is located at 6407 Partners Ave Marion, IA.
    What is the asking price?
    The asking price for this property is $4,680,000.
    (319) 423-9515
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    6407 Partners 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
    6407 Partners Ave Marion, IA 52302
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