Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    15 Center St Marshalltown, IA 50158

    For Sale
    $199,900

    Prime location, high potential, recent upgrades.

    Property size:
    11,850 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional 11,850 square foot commercial property, located at 15 S Center Street in Marshalltown, Iowa, presents a unique investment opportunity. Situated on a 0.19-acre lot directly across from the recently renovated courthouse, this multi-level building benefits from its prominent position within the revitalized historic downtown area. Numerous recent development projects in the immediate vicinity underscore the area's upward trajectory and promise significant future growth. The property's main floor is ideally suited for retail space, while the upper levels offer immense potential for conversion into residential housing units, capitalizing on the increasing demand for downtown living. Recent improvements significantly enhance the property's value and functionality. These include a new TPO roof (2019), a new central air system (2019), a new rear steel door (2020), upgraded electrical breaker box (2021), and a waterproofed basement (2021) perfect for storage. Furthermore, new showroom lighting was installed in 2018. The seller is motivated to downsize their business footprint, making this an exceptional opportunity for a discerning investor or business owner. The asking price is $199,900. A lease/option to buy may be available

    Property Features for 15 Center St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    11,850 SF
    Lot Size
    8,276 SF

    Building Details

    Year Built
    1880
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Marshalltown
    County
    Marshall
    State
    Iowa
    Longitude
    -92.91315
    Latitude
    42.04865

    Nearby Similar for Sale

    • $399,900
      Pending

      Updated Commercial Office Building For Sale

      Fully updated commercial office building in downtown Marshalltown, Iowa.
      112 E Linn St, Marshalltown, IA 50158
      View Details
    • $275,000
      Pending

      Turnkey Office Building, Marshalltown, IA

      Well-maintained commercial office building with prime location and new roof.
      101 E Linn St, Marshalltown, IA 50158
      View Details
    • New
      $105,000
      Pending

      Marshalltown Duplex with Garage

      Well-maintained duplex with separate utilities and garage parking.
      502 N 3Rd Ave, Marshalltown, IA 50158
      View Details
    • $277,000
      3,860 SF

      Remodeled Commercial Building in Marshalltown

      Recently remodeled, handicap accessible commercial building suitable for various purposes.
      704 May St, Marshalltown, IA 50158
      View Details
    • $99,900
      Pending

      Charming Duplex with Income Potential

      Duplex with long-term tenant and potential for third unit.
      107 W Grant St, Marshalltown, IA 50158
      View Details
    • $239,999
      6,848 SF

      Corner Lot Commercial Building

      Spacious retail building on a corner lot in downtown Marshalltown.
      116 E Church St, Marshalltown, IA 50158
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Prime location, high potential, recent upgrades.
    Where is this commercial real estate located?
    The property is located at 15 Center St Marshalltown, IA.
    What is the asking price?
    The asking price for this property is $199,900.
    Request Owner's contact information
    15 Center St Marshalltown, IA 50158
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    15 Center St
    Marshalltown, IA 50158
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    15 Center St Marshalltown, IA 50158
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.