Building Details

Building Size 43,330 SF

Units 5

Listing Agency: GLD Commercial

Listed By: Michael Gibbs Show Phone

Source: Commercialcafe

Added: Jul 20 Changed: Oct 7 Last Checked: Oct 20 at 5:46PM

Report an Issue

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

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This industrial campus consists of six commercial buildings totaling approximately 43,330 SF, situated across seven parcels with approximately 3.8 acres of outdoor storage/laydown yard. The improvements include an 8,700 SF two-story office building with private offices, a reception area, conference room, training room, and multiple restrooms. Other facilities include a 5,720 SF retail/distribution warehouse with showroom space, a 2,160 SF maintenance shop with drive-through capability, a 7,200 SF cold storage warehouse, a 15,800 SF manufacturing facility, and a 3,750 SF standalone paint booth.

The property also features an on-site fueling station configured for gasoline or diesel distribution. Access directions are provided for locating the site from Highway 151 into Marion and turning south on 35th St, with the property on the west side of the road. The parcel list includes 15052-52014-00000, 15052-52013-00000, 15052-52015-00000, 15052-52004-00000, 15052-52012-00000, 15052-52010-00000, and 15053-26008-00000.

Key Highlights

• Industrial campus at 200 35th Street, Marion, Iowa on approx. 11.69 acres across seven parcels.
• Six commercial buildings totaling approx. 43,330 SF, including a 15,800 SF manufacturing facility.
• 8,700 SF two‑story office building with private offices, reception, conference room, training room, and multiple restrooms.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$255,594

Cap Rate

7.86%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,111,880 $5.1M

Cap Rate 7%

$3,651,343 $3.7M

Cap Rate 9%

$2,839,933 $2.8M

Is this asking price fair?

Market Conditions

NOI Build-Up for 43,330 SF

Gross rent

$318.9K $7.36/SF

− Vacancy

−$18.2K −$0.42/SF

EGI

$300.7K $6.94/SF

− OpEx

−$45.1K −$1.04/SF

NOI

$255.6K $5.90/SF

Area

Linn County, IA

Vacancy

5.71%

Lease Rate

$7.36 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,111,880

Cap Rate 7%

$3,651,343

Cap Rate 9%

$2,839,933

Alternative Uses

Best Use

Warehouse

$3.65M

$3.19M – $4.26M (±1% cap)

NOI $255,594 @ 7.0% cap · market cap 7.86%

Second Best

Industrial

$3.01M

$2.63M – $3.51M (±1% cap)

NOI $210,489 @ 7.0% cap · market cap 6.48%

Theoretical Best

Self Storage

$7.29M

$6.38M – $8.51M (±1% cap)

NOI $510,471 @ 7.0% cap · market cap 15.71%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Manufacturing properties

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Hair Salon Parking Lot & Garage Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

364

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

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Similar For Sale Nearby

See more

Climate-Controlled Storage and Flex Buildings

6900 Partners Ave, Marion, IA 52302

$3,850,000

47,200 SF

View details

Fully Leased Industrial Flex Buildings

415 62nd St, Marion, IA 52302

$1,350,000

19,592 SF

View details

Church Facility with Gymnasium

2770 18th Avenue, Marion, IA 52302

$599,000

14,183 SF

View details

Flex Space with Overhead Doors

710 49th St, Marion, IA 52302

$875,000

11,520 SF

View details

Warehouse with Office and 5 Doors

710 49th Street, Marion, IA 52302

$875,000

11,520 SF

View details

Leased Restaurant Condo with Kitchen

796 11th Street A,B,L100, Marion, IA 52302

$795,000

7,619 SF

View details

Flex Space With Secured Access

4160 3rd Avenue, Marion, IA 52302

Contact for pricing

18,250 SF

View details

Renovated Restaurant Condo

A-796 11th St, Marion, IA 52302

$725,000

4,813 SF

View details

KFC Drive-Through NNN Property

1925 7th Avenue, Marion, IA 52302

$1,000,000

View details

Renovated Mixed-Use Building

1060 7TH Avenue, Marion, IA 52302

$699,000

3,958 SF

View details

Self-Service Car Wash with 8 Bays

665 Keyes Ct, Marion, IA 52302

$395,000

3,744 SF

View details

Historic Two-Unit Duplex

1990 8th Avenue, Marion, IA 52302

$230,000

2,796 SF

View details

Frequently Asked Questions

What type of property is this?

Manufacturing property - Industrial campus on seven parcels with six buildings totaling 43,330 SF and about 3.8 acres of outdoor storage/laydown yard.

Where is this manufacturing property located?

The property is located at 200 35th Street Marion, IA.

What is the asking price?

The asking price for this property is $3,250,000.

What are key features of this property?

This property features: Industrial campus at 200 35th Street, Marion, Iowa on approx. 11.69 acres across seven parcels.; Six commercial buildings totaling approx. 43,330 SF, including a 15,800 SF manufacturing facility.; 8,700 SF two‑story office building with private offices, reception, conference room, training room, and multiple restrooms.