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Downtown Marshalltown Multitenant Office Building
For Sale
$955,000

202 W State St, Marshalltown, IA 50158

18,460 SF office building in downtown Marshalltown.

Property Size18,460 SF
Price / SF$51.73
Days on Market276

Property Features for 202 W State St

General Information

Standard status Active
Size 18,460 SF
Class C
Property subtype Office

Building Details

Building Size 18,460 SF
Year Built 1976
Listing Agency: NAI Iowa Realty Commercial - Des Moines
Listed By: Matt T. Connolly · License #B56244000
Source: Naiglobal
Added: Nov 21, 2025 Changed: Aug 15 Last Checked: Aug 24 at 3:19AM

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 NAI Iowa Realty Commercial - Des Moines

Investment Insights

Based on property information with market context.

This is a multitenant office building located in downtown Marshalltown, Iowa. The building has 18,460 square feet of space and is conveniently situated a short walk from the square and Marshall County Courthouse. It is located just north of Main Street and a 5-minute walk to the Courthouse. The property is located within a city-designated Revitalization Area and Urban Renewal Area. There are two existing tenants occupying 6,264 square feet. TIF Funds are likely available.

Key Highlights

  • 18,460 SF multitenant office building in downtown Marshalltown.
  • Located in City‑designated Revitalization Area & Urban Renewal Area.
  • TIF Funds Likely Available.

Property Analytics

Current Use

Public Defender Office Public Defender'S Office America One Plumbing ... Plumbing Service Life Investors Financial ... Insurance Agency

Suggested Use

Top Pick Real Estate Agency Grocery & Convenience Store Electrical Service Cafe & Coffee Shop Computer & Electronic Repair Carpet & Flooring Store

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

1,035
Businesses Nearby

Demographics for 50158, IA

31,466
Population
12,614
Households
2.5
Avg Household Size
38
Median Age
21%
College-Educated
84%
High-School Grad
212.2 sq mi
ZIP Area
148
Density / Sq Mi
$71,212
Median Household Income
$40,437
Median Earnings
$865
Median Rent
$130,500
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - 18,460 SF office building in downtown Marshalltown.
Where is this office building located?
The property is located at 202 W State St Marshalltown, IA.
What is the asking price?
The asking price for this property is $955,000.
What are key features of this property?
This property features: 18,460 SF multitenant office building in downtown Marshalltown.; Located in City‑designated Revitalization Area & Urban Renewal Area.; TIF Funds Likely Available.
More about this property
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