Turnkey Fitness Center
For Sale
$879,000
501 7th AVE, Marion, IA 52302
Recently refreshed Anytime Fitness with about two years remaining on a six-year lease in Marion, Iowa.
Property Size5,000 SF
Price / SF$175.80
Days on Market109
Property Features for 501 7th AVE
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Commercial
Zoning
Comm
Occupancy
100%
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$15,918
Amenities
ConcreteSlabGrade
Irregular
0.53
Paved,Highway
Building Details
Year Built
1999
Year Renovated
2017
Tenancy
Single
Listing Agency:
Q4 Real Estate
(319) 594-2525
Listed By:
Jerome Edwards
(319) 594-2525
Source:
Pinnaclerealtyia
Added: May 6
Changed: Aug 22
Last Checked: Aug 22 at 3:38AM
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 Q4 Real Estate
Investment Insights
Based on property information with market context.
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.
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.
Key Highlights
- 0.53‑acre property with paved highway road frontage
- Anytime Fitness with Flooring: concrete slab grade
- Built in 1999
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
709
Businesses Nearby
Well-served
Demand for This Use
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
Questions? Ask Rey
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Similar Off Market 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
Frequently Asked Questions
What type of property is this?
Fitness center & gym - Recently refreshed Anytime Fitness with about two years remaining on a six-year lease in Marion, Iowa.
Where is this fitness center & gym located?
The property is located at 501 7th AVE Marion, IA.
What is the asking price?
The asking price for this property is $879,000.
What are key features of this property?
This property features: 0.53‑acre property with paved highway road frontage; Anytime Fitness with Flooring: concrete slab grade; Built in 1999
