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    462 7Th Ave Marion, IA 52302

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    For Sale
    $195,000

    Mixed-use property with retail/office space and residential apartment.

    Property size:
    1,794 SF
    Lot size:
    0.14 Acres

    Property Features for 462 7Th Ave

    General Information

    Size
    1,794 SF
    Lot size
    0.14 Acres

    Source: GLD Commercial Agent Rachel Waters

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

    Overview

    Turnkey Mixed-Use Investment Property

    Located along 7th Avenue, a primary entryway into Uptown Marion, this mixed-use property offers excellent visibility and high traffic counts. The main level is currently configured for salon or beauty use, but provides flexibility for retail or office purposes. The apartment unit features a 2-bed, 1.5-bath layout with a private entrance, patio, and a detached 2-stall garage, making it suitable for either owner occupancy or rental income. Updates to the property include a new roof, siding, gutters, and a full interior remodel completed in 2019, along with a newer HVAC system. The commercial space is currently leased through November of 2026, and the residential apartment is leased through February of 2026. A client parking lot is located along 7th Ave. The property size is 1794 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -91.6055409
    Latitude
    42.0335805

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with retail/office space and residential apartment.
    Where is this mixed-use property located?
    The property is located at 462 7Th Ave Marion, IA.
    What is the asking price?
    The asking price for this property is $195,000.
    What are key features of this property?
    This property features: - Turnkey mixed-use investment property with commercial and residential units.; - Prime location on 7th Ave with **high visibility and traffic**.; - Residential unit: 2-bed, 1.5-bath with **private entrance, patio, and detached 2-stall garage**.
    (319) 731-3400
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    462 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
    462 7Th Ave Marion, IA 52302
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