6240 N Gateway Drive, Marion, IA 52302
COMMERCIAL - Marion, IA
- Added:
- Feb 16, 2026
- Days on Market:
- 136
- Last Refresh:
- Jul 2 at 1:06 pm
Property Features for 6240 N Gateway Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Zoning
- BR
- Standard status
- Active
- APN
- 150410100700000
- Size
- 22,451 SF
- Lot size
- 1.58 Acres
Taxes and HOA fees
- Tax Description
- Lot 3 Marion Commerce Park 1st
- Tax Annual Amount
- 67986
Building Details
- Year built
- 2020
- Flooring type
- Concrete
- Building materials
- Pre Eng Steel
- Roof type
- Metal
Listing agent Charlie Potter (319) 377-5056
Listing office POTTER REAL ESTATE 642 10TH ST, Marion, IA (319) 377-5056
Listing date Feb 16, 2026
Copyright © 2026 Cedar Rapids Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High‑traffic location near the intersection of Highway 13 and Highway 151 in a rapidly expanding commercial area.
- Large 22,451 sq ft engineered steel building with 19,000 sq ft on the main floor and 26' side walls.
- Fully equipped commercial kitchen (plumbed for hood vent and grease trap) with negotiable appliances.
- Versatile open gym area suitable for fitness, events, showroom, or other activities.
- Second floor with three bays/rooms ideal for golf simulators, private offices, or event spaces, plus a private office with restroom.
- Ample parking with 70 concrete parking stalls, including three handicap spaces.
Overview
The property is located near the intersection of Highway 13 and Highway 151 in Marion, IA, in an area described as having new hotels, restaurants, and gas stations, contributing to drive-by traffic. A concrete parking lot provides 70 stalls, including three designated handicap spaces. Zoning is listed as BR.
With the business relocating to a larger facility upon sale, the building is positioned for an operator seeking a large, adaptable interior, on-site kitchen capability, and dedicated parking to support customer and staff needs. The second-floor rooms and viewing area provide additional separation for private functions or back-of-house office use where permitted.
Local Financial Insights For Specialty Retail
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 | $328.7k | $14.64 |
| − Vacancy | −$25.4k | −$1.13 |
| EGI | $303.3k | $13.51 |
| − OpEx | −$75.8k | −$3.38 |
| NOI | $227.5k | $10.13 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- 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
Location Insight
- Map
- Local Demand
- City
- Marion
- County
- Linn
- State
- Iowa
- Longitude
- -91.5437456
- Latitude
- 42.0342161