Back to Search

Marshalltown Redevelopment Opportunity

405 E Main St, Marshalltown, IA 50158

View on Map

For Sale

Contact for pricing

306,655 SF facility on 7 acres for mixed-use redevelopment.

Type:Special Purpose

Property size:

231,400 SF

Lot size:

7.00 Acres

HighLights

Strategic 7‑acre parcel in the downtown core suitable for a major mixed‑use redevelopment.
Located in Marshalltown’s Downtown Urban Renewal District, offering financial assistance opportunities including tax abatement and TIF rebates.
Seller financing up to 50% of the purchase price is available for a qualified buyer.
The city supports redevelopment into a mixed‑use campus including housing, retail, and medical/office spaces.
Seller willing to consider 1031 Exchange(s) for property owned or controlled by buyer.
306,655 SF facility consisting of multiple interconnected buildings.

We can help!

Listing Contact

Steve Scott

For Sale

Contact for pricing

306,655 SF facility on 7 acres for mixed-use redevelopment.

Type:Special Purpose

Property size:

231,400 SF

Lot size:

7.00 Acres

Added:: Jun 1, 2023
Days on Market:: 1110
Last Refresh:: May 12 at 10:48 pm

Property Features for 405 E Main St

General Information

Standard status: Active
Size: 231,400 SF
Lot size: 7.00 Acres
Property subtype: Special Purpose

Building Details

Year Built: 1965

We can help!

Listing Contact

Steve Scott

Listing agent Steve Scott License #IA S34232000

Listing office LOCATE Commercial Real Estate

Listing date Jun 1, 2023

Source Crexi

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 LOCATE Commercial Real Estate

HighLights

Strategic 7‑acre parcel in the downtown core suitable for a major mixed‑use redevelopment.
Located in Marshalltown’s Downtown Urban Renewal District, offering financial assistance opportunities including tax abatement and TIF rebates.
Seller financing up to 50% of the purchase price is available for a qualified buyer.
The city supports redevelopment into a mixed‑use campus including housing, retail, and medical/office spaces.
Seller willing to consider 1031 Exchange(s) for property owned or controlled by buyer.
306,655 SF facility consisting of multiple interconnected buildings.

Overview

This 306,655 square foot facility comprises multiple interconnected buildings situated on a 7-acre parcel in the downtown core of Marshalltown. Previously operated as a full-service acute care hospital and medical office until Spring 2022, the property is now available for redevelopment. The city supports a major redevelopment into a mixed-use campus, potentially including market rate and/or low-income multifamily housing, senior housing, assisted living, retail and restaurants, and medical/office spaces. Located in Marshalltown’s Downtown Urban Renewal District, the site offers financial assistance opportunities such as tax abatement and TIF rebates. Seller is willing to consider 1031 Exchange(s) for property owned or controlled by buyer. Seller financing up to 50% of purchase price available for a qualified buyer.

Property Profile Location Intelligence

Current Use by Public Records

Bonte Gbemudu Pediatrician Mattie Testroet A.R.N.P. Physician mmsc marshalltown clinic Physician Dr. Thomas Ambrose Physician Arnold Delbridge Physician

Suggested Use

Location Insight

Map
Local Demand

City: Marshalltown
County: Marshall
State: Iowa
Longitude: -92.9197584
Latitude: 42.0492112

Nearby Similar for Sale

$3,500,000

38,850 SF

Modern Self-Storage Facility For Sale

Expanding self-storage facility on 4.07 acres with value-add potential.

1101 Lincoln Way, Marshalltown, IA 50158

View Details
$232,500

2,857 SF

Marshalltown Duplex: Investment Opportunity

Clean, move-in ready duplex with rental income potential.

2307 Maple Boulevard, Marshalltown, IA 50158

View Details
$950,000

48,400 SF

Marshalltown Office Building For Sale

Five-story commercial building in downtown Marshalltown with modern office space.

11 E Church St, Marshalltown, IA 50158

View Details
$955,000

18,460 SF

Downtown Marshalltown Multitenant Office Building

18,460 SF office building in downtown Marshalltown.

202 W State St, Marshalltown, IA 50158

View Details
$179,900

11,850 SF

Commercial/Industrial

15 S Center Street, Marshalltown, IA 50158

View Details
$410,000

11,436 SF

Industrial Properties For Sale

Industrial properties including storage and mechanic operation buildings.

105 Washington Street, Marshalltown, IA, 50158

View Details
Contact for pricing
91,694 SF

Redevelopment Opportunity in Historic District

2.35-acre site with redevelopment potential in Marshalltown's historic district.

312 E Main St, Marshalltown, IA

View Details
$1,950,000

49,673 SF

Marshalltown Data Center Opportunity

49,673 SF former data center on 12.45 acres.

1706 Governor Rd, Marshalltown, IA

View Details
Contact for pricing
91,694 SF

Retail Space for Sale

Retail space available for sale.

312 E Main St, Marshalltown, IA 50158

View Details
$269,000

33,000 SF

33,000 SF Warehouse For Sale

33,000 SF warehouse with one dock door.

817 E State St, Marshalltown, IA

View Details

For sale
Hospitals
IA
Marshalltown
50158
405 E Main St

What type of property is this?

Hospital - 306,655 SF facility on 7 acres for mixed-use redevelopment.

Where is this hospital located?

The property is located at 405 E Main St Marshalltown, IA.

What are key features of this property?

This property features: Strategic 7‑acre parcel in the downtown core suitable for a major mixed‑use redevelopment.; Located in Marshalltown’s Downtown Urban Renewal District, offering financial assistance opportunities including tax abatement and TIF rebates.; Seller financing up to 50% of the purchase price is available for a qualified buyer.