501 7th AVE, Marion, IA 52302

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For Sale

$879,000

Recently refreshed Anytime Fitness with about two years remaining on a six-year lease in Marion, Iowa.

Type:Commercial

Property size:

5,000 SF

Price / SF:

$175/SF

HighLights

0.53‑acre property with paved highway road frontage
Anytime Fitness with Flooring: concrete slab grade
Built in 1999
Recently completed $50,000 interior refresh
6‑year lease with just under 2 years remaining; includes scheduled rental increases
Capital improvements: addition/renovation in 2017 (new HVAC), new roof in 2020, new asphalt parking lot in 2022

We can help!

Contact an agent

Jerome Edwards

Learn more

For Sale

$879,000

Recently refreshed Anytime Fitness with about two years remaining on a six-year lease in Marion, Iowa.

Type:Commercial

Property size:

5,000 SF

Price / SF:

$175/SF

Added:: May 6, 2026
Days on Market:: 64
Last Refresh:: Jul 4 at 2:04 am

Property Features for 501 7th AVE

General Information

Standard status: Active
Size: 5,000 SF
Property subtype: Commercial

Building Details

Year Built: 1999

We can help!

Contact an agent

Jerome Edwards

Listing office RE/MAX CONCEPTS

Listing date May 6, 2026

Source Pinnaclerealtyia

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 RE/MAX CONCEPTS

HighLights

0.53‑acre property with paved highway road frontage
Anytime Fitness with Flooring: concrete slab grade
Built in 1999
Recently completed $50,000 interior refresh
6‑year lease with just under 2 years remaining; includes scheduled rental increases
Capital improvements: addition/renovation in 2017 (new HVAC), new roof in 2020, new asphalt parking lot in 2022

Overview

This is a turnkey fitness center investment featuring a regional Anytime Fitness franchisee operating in an approximately 5,000-square-foot facility. The interior has been recently refreshed with a stated $50,000 interior refresh, supporting continued day-to-day operations. The building has also undergone significant capital updates, including an interior and exterior renovation with an addition completed in 2017 and a new HVAC installed at that time, followed by a new roof in 2020 and a newly paved asphalt parking lot in 2022.

The property is located at 501 7th Ave in Marion, Iowa, described as highly visible in a high-traffic location. The tenant operates under an existing lease structure that provides just under two years remaining on a six-year term, with scheduled rental increases noted as part of the lease.

From an ownership perspective, the lease assigns property taxes to the tenant, while the landlord is responsible for maintenance and building insurance. With a well-maintained facility supported by recent and ongoing improvements, this offering is positioned for investors or buyers seeking a stable, operationally ready fitness center with an active franchise tenant in place.

Location Intelligence

Current Use by Public Records

Fitness centers & gyms

Suggested Use

Similar Places Nearby

Select Physical Therapy - MAC North — 4700 Tama St SE SUITE 700, Cedar Rapids, IA 52403
Marion Independent Fitness Center (YMCA) — 675 S 15th St, Marion, IA 52302
Marion Stadium — Marion, IA 52302
The M.A.C. Xtreme — 4700 Tama St SE, Cedar Rapids, IA 52403
Studio 200 Yoga — Cedar Rapids, IA 52403

Location Insight

Map
Local Demand

City: Marion
County: Linn
State: Iowa
Longitude: -91.6048457
Latitude: 42.0330327

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