Flex Industrial Building with
6200 N Gateway Drive Marion, IA 52302
6200 N Gateway Drive, Marion, IA, 52302
$1,985,000
For Sale
$1,985,000
Standalone facility includes a large open shop/gym area with 22' sidewalls and an overhead door, plus office support space.
Property Size15,000 SF
Price / SF$132.33
Days on Market302
Property Features for 6200 N Gateway Drive
General Information
- Standard status
- Active
- Size
- 15,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2015
Listing agency
RE/MAX Independence Realty
(319) 550-5114
Listed by
Melissa Redinbaugh
(319) 550-5114
Source
Pinnaclerealtyia
Added: Sep 23, 2025 Updated: Jul 21 at 1:36AM Checked: Jul 21 at 3:12AM
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 Independence Realty
Investment Insights
Based on property information with market context.
This standalone flex industrial building has been occupied by Victory Gymnastics for the past 10 years and totals 15,000 square feet of floor space with an additional 4,375 square feet of mezzanine area. The main floor includes a foyer, receptionist desk, private office, men’s and women’s restrooms, a kitchenette, and a large waiting/open area. It also features two additional large rooms that could be renovated into office space.
The open shop/gym area provides 10,625 square feet with 22' sidewalls, heat and A/C, and the building is fully sprinkled. The space includes one 12x12 OH door.
The property is subject to a deed restriction and a lease restriction prohibiting another gymnastics, ninja warrior, or trampoline type use. Traffic counts at 151 & 62nd Street are reported as 16,000+ per day, and the monument sign at the corner of 62nd St & N. Gateway will be removed prior to closing.
The open shop/gym area provides 10,625 square feet with 22' sidewalls, heat and A/C, and the building is fully sprinkled. The space includes one 12x12 OH door.
The property is subject to a deed restriction and a lease restriction prohibiting another gymnastics, ninja warrior, or trampoline type use. Traffic counts at 151 & 62nd Street are reported as 16,000+ per day, and the monument sign at the corner of 62nd St & N. Gateway will be removed prior to closing.
Key Highlights
- Standalone facility on 1.58 acres (257x267), built in 2015, with public water and off‑street parking
- 15,000 sq. ft. of floor space plus an additional 4,375 sq. ft. mezzanine area
- 10,625 sq. ft. open shop/gym area with 22' sidewalls, heat & A/C, and fully sprinkled building
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $110.4k | $7.36 |
| − Vacancy | −$6.3k | −$0.42 |
| EGI | $104.1k | $6.94 |
| − OpEx | −$31.2k | −$2.08 |
| NOI | $72.9k | $4.86 |
15,000 SF · lease $7.36/SF/yr · vacancy 5.71% · expense 30.00%
Alternative Uses
Best Use
Industrial
$1.04M
$910.8K – $1.21M
NOI $72,867 @ 7.0% cap · market cap 3.67%
Second Best
Flex RnD
$961.4K
$841.2K – $1.12M
NOI $67,295 @ 7.0% cap · market cap 3.39%
Theoretical Best
Self Storage
$2.52M
$2.21M – $2.95M
NOI $176,715 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Fitness centers & gyms
Similar For Sale Nearby
Similar Off Market Nearby
- CrossFit 151 — 693 49th St, Marion, IA 52302
- Victory Gymnastics Training Center — 6200 N Gateway Dr, Marion, IA 52302
- Cedar Rapids Boxing — 6244 Partners Ave Suite 218/219, Marion, IA 52302
- Xpress 24/7 — 6154 Carlson Way #6156, Marion, IA 52302
FAQs
What type of property is this?
Fitness center & gym - Standalone facility includes a large open shop/gym area with 22' sidewalls and an overhead door, plus office support space.
Where is this fitness center & gym located?
The property is located at 6200 N Gateway Drive Marion, IA.
What is the asking price?
The asking price for this property is $1,985,000.
What are key features of this property?
This property features: Standalone facility on 1.58 acres (257x267), built in 2015, with public water and off‑street parking; 15,000 sq. ft. of floor space plus an additional 4,375 sq. ft. mezzanine area; 10,625 sq. ft. open shop/gym area with 22' sidewalls, heat & A/C, and fully sprinkled building
