Fitness Center with Recent
For Lease
$879,000
501 7th Avenue, Marion, IA 52302
Operating gym facility with franchise tenancy, updated building systems, and a commercial zoning designation.
Space SizeContact for details
Days on Market54
Property Features for 501 7th Avenue
General Information
Standard status
Active
Property subtype
Commercial
Zoning
Comm
Building Details
Year Built
1999
Year Renovated
2017
Stories
1
Listing Agency:
SKOGMAN REALTY
(319) 366-6427
Listed By:
Tim Nash
Source:
Q4realestate
Added: Jul 10
Changed: Aug 31
Last Checked: Aug 31 at 12:38PM
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 SKOGMAN REALTY
Investment Insights
Based on property information with market context.
This commercial fitness facility is occupied by a regional Anytime Fitness franchisee under a six-year lease with just under two years remaining and scheduled rental increases. The lease assigns property taxes to the tenant, while the landlord remains responsible for maintenance and building insurance. The property was built in 1999 and carries Comm zoning.
Capital improvements include a full interior and exterior renovation with an addition completed in 2017, when the HVAC system was replaced. The roof was installed in 2020, followed by a new asphalt parking lot in 2022. A subsequent interior refresh was also completed, supporting continued gym operations in a well-maintained setting.
Capital improvements include a full interior and exterior renovation with an addition completed in 2017, when the HVAC system was replaced. The roof was installed in 2020, followed by a new asphalt parking lot in 2022. A subsequent interior refresh was also completed, supporting continued gym operations in a well-maintained setting.
Key Highlights
- Regional Anytime Fitness franchisee in occupancy
- Six‑year lease with just under 2 years remaining and scheduled rental increases
- 2017 interior and exterior renovation included an addition and new HVAC
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
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
- Marion Stadium — Marion, IA 52302
- Marion Independent Fitness Center (YMCA) — 675 S 15th St, Marion, IA 52302
- Select Physical Therapy - MAC North — 4700 Tama St SE SUITE 700, Cedar Rapids, IA 52403
- Studio 200 Yoga — Cedar Rapids, IA 52403
- The M.A.C. Xtreme — 4700 Tama St SE, Cedar Rapids, IA 52403
Frequently Asked Questions
What type of property is this?
Fitness center & gym - Operating gym facility with franchise tenancy, updated building systems, and a commercial zoning designation.
Where is this fitness center & gym located?
The property is located at 501 7th Avenue Marion, IA.
What is the lease rate?
The lease rate is $879,000.
What are key features of this property?
This property features: Regional Anytime Fitness franchisee in occupancy; Six‑year lease with just under 2 years remaining and scheduled rental increases; 2017 interior and exterior renovation included an addition and new HVAC
