Industrial Property with Two
195 35th Ave, Marion, IA 52302
For Sale
New
$1,750,000
The 4.22-acre site combines two existing structures with additional open ground for future site use.
Property Size30,819 SF
Lot Size4.22 Acres
Price / SF$56.78
Days on Market2
Property Features for 195 35th Ave
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Property Condition
Severity
Evidence
Additional Details
Outdoor Storage
Tenant in Place
Amenities
ConcreteSlabGrade
4.22
CountyRoad,Paved
Building Details
Year Built
Buildings
Listing Agency:
GLD Commercial Real Estate Advisors
(319) 731-3410
Listed By:
Angie Glick · License IA B64683000
(319) 821-0028
Source:
Pinnaclerealtyia
Added: Nov 12
Last Checked: Nov 12 at 3:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of GLD Commercial Real Estate Advisors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This industrial property in Marion spans 4.22 acres and includes two existing buildings. The 195 Building requires improvements, while the 105 Building is occupied by the City of Marion’s recycling center under a planned sale-leaseback; the City will continue operations there until its new facility is complete. The property was built in 1956.
An additional building previously on the site has been demolished, leaving open land alongside the two remaining structures. The property is offered as Lots 1 and 2, providing a combined site with room for further development.
An additional building previously on the site has been demolished, leaving open land alongside the two remaining structures. The property is offered as Lots 1 and 2, providing a combined site with room for further development.
Key Highlights
- 4.22‑acre combined site comprising Lots 1 and 2
- Two existing buildings; the 195 Building requires improvements
- City of Marion sale‑leaseback for the 105 Building through completion of its new recycling facility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$149,713
Cap Rate
8.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,994,260
$3.0M
Cap Rate 7%
$2,138,757
$2.1M
Cap Rate 9%
$1,663,478
$1.7M
Market Conditions
NOI Build-Up for 30,819 SF
Gross rent
$226.8K $7.36/SF
− Vacancy
−$13.0K −$0.42/SF
EGI
$213.9K $6.94/SF
− OpEx
−$64.2K −$2.08/SF
NOI
$149.7K $4.86/SF
Area
Linn County, IA
Vacancy
5.71%
Lease Rate
$7.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,994,260
Cap Rate 7%
$2,138,757
Cap Rate 9%
$1,663,478
Alternative Uses
Best Use
Industrial
$2.14M
$1.87M – $2.50M
NOI $149,713 @ 7.0% cap · market cap 8.56%
Second Best
—
—
no second resolved use
Theoretical Best
Self Storage
$5.19M
$4.54M – $6.05M
NOI $363,079 @ 7.0% cap · market cap 20.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
54
Businesses Nearby
Explore this area
Business Placement
Demographics for 52302, IA
43,130
Population
18,153
Households
2.4
Avg Household Size
39
Median Age
39%
College-Educated
97%
High-School Grad
74.3 sq mi
ZIP Area
580
Density / Sq Mi
$87,463
Median Household Income
$50,234
Median Earnings
$963
Median Rent
$232,900
Median Home Value
Market
Average Price Trend$/SF for Industrial properties in Linn County, IA
Properties on Market for Industrial properties in Linn County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Industrial property - The 4.22-acre site combines two existing structures with additional open ground for future site use.
Where is this industrial property located?
The property is located at 195 35th Ave Marion, IA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 4.22‑acre combined site comprising Lots 1 and 2; Two existing buildings; the 195 Building requires improvements; City of Marion sale‑leaseback for the 105 Building through completion of its new recycling facility
