For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Engineered Steel Building with Overhead Doors Title is generated by Realmo AI

    6240 N Gateway Drive, Marion, IA 52302

    View on Map
    Claim this Listing
    For Sale
    $3,795,000

    COMMERCIAL - Marion, IA

    Type:Retail
    Property size:
    22,451 SF
    Lot size:
    1.58 Acres
    Price / SF:
    $169/SF
    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

    We can help!

    Contact an agent
    Charlie Potter
    Charlie Potter

    Listing agent Charlie Potter

    Listing office POTTER REAL ESTATE 642 10TH ST, Marion, IA

    Listing date Feb 16, 2026

    MLS# 2601101

    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

    This engineered steel commercial building is configured for a flexible mix of uses, with 19,000 square feet on the main floor and additional space on the second floor. The facility features 26' side walls and three 12' x 12' glass overhead doors for convenient deliveries and natural light. Inside, there is a fully equipped commercial kitchen that is plumbed for a hood vent and grease trap, with appliances noted as negotiable. The main level also includes a grand foyer with a hotel-lobby-like feel, a full glass wall at the entry, and an open gym-style area that may support fitness classes, events, showroom, or other activities, subject to listed restrictions. Upstairs, there are three bays/rooms suitable for applications such as golf simulators or private office and event space, along with a private office with its own restroom and a viewing area overlooking the main gym.

    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
    22,451 SF · lease $14.64/SF/yr · vacancy 7.73% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $3.25M
    $2.84M – $3.79M (±1% cap)
    NOI $227,457 @ 7.0% cap · market cap 5.99%
    Second Best
    Retail
    $3.03M
    $2.65M – $3.54M (±1% cap)
    NOI $212,293 @ 7.0% cap · market cap 5.59%
    Theoretical Best
    Self Storage
    $3.78M
    $3.31M – $4.41M (±1% cap)
    NOI $264,495 @ 7.0% cap · market cap 6.97%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Fitness centers & gyms

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    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

    FAQs

    What type of property is this?
    Fitness center & gym - Large-format interior with overhead loading access, a plumbed commercial kitchen, and upstairs flex rooms, plus 70-stall parking.
    Where is this fitness center & gym located?
    The property is located at 6240 N Gateway Drive Marion, IA.
    What is the asking price?
    The asking price for this property is $3,795,000.
    What are key features of this property?
    This property features: 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.
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message