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    3201-3301 Armar Dr Marion, IA 52302

    For Lease
    $12 SF/Yr

    Office space available near St. Luke’s Hospital Marion ER Campus.

    Property size:
    29,434 SF
    Lot size:
    4.74 Acres

    Property Features for 3201-3301 Armar Dr

    General Information

    Size
    29,434 SF
    Lot size
    4.74 Acres

    Source: Cushman & Wakefield Agent John Viggers, CCIM, CPM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Marion Office Space For Rent

    Available for lease is office space ranging from 2,716 to 29,434 square feet in Marion, Iowa. The property is conveniently located off Marion Boulevard (Business US 151), situated on the boundary between Marion and Cedar Rapids. It is located in the Lindale Mall regional shopping area, the largest retail district in Cedar Rapids, and is easily accessible with abundant parking. Signage opportunities are available on the building and on a monument sign along Business US 151. The property is within 3 miles of Interstate 380. The location is home to St. Luke’s Hospital Marion ER Campus, which is scheduled to open in the Summer of 2024.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Linn
    State
    Iowa
    Longitude
    -91.6151778
    Latitude
    42.0267004

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    FAQs

    What type of property is this?
    Office space - Office space available near St. Luke’s Hospital Marion ER Campus.
    Where is this office space located?
    The property is located at 3201-3301 Armar Dr Marion, IA.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - Home to St. Luke’s Hospital Marion ER Campus (opening Summer 2024); - Located in the Lindale Mall regional shopping area; - 2,716-29,434 SF office space available
    (515) 778-2605
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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
    3201-3301 Armar Dr Marion, IA 52302
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