Warehouse with Office and 5
For Sale
$875,000
710 49th Street, Marion, IA 52302
Warehouse for sale with newly painted shop space, clean office, radiant heat, and five overhead doors.
Property Size11,520 SF
Price / SF$75.95
Days on Market231
Property Features for 710 49th Street
General Information
Standard status
Active
Size
11,520 SF
Property subtype
Commercial
Zoning
I-2
Additional Details
Business Included
Yes
Highway Access
Yes
Drive-In Doors
5
Taxes and HOA fees
Annual Taxes
$10,072
Amenities
Concrete
Yes
1
No
Public
0.959
.959 Ac
Off Street
Building Details
Year Built
1987
Stories
1
Tenancy
Multi
Listing Agency:
Whitaker Marketing Group
(319) 393-0900
Listed By:
Melissa Redinbaugh
(319) 550-5114
Source:
Pinnaclerealtyia
Added: Mar 3
Changed: Oct 19
Last Checked: Oct 19 at 4:23AM
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 Whitaker Marketing Group
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Investment Insights
Based on property information with market context.
Warehouse property for sale in Marion’s industrial hub, offering shop space with newly painted finishes and radiant heat. The building includes five overhead doors, along with clean office space and a restroom and breakroom to support day-to-day operations.
The property provides quick access to Hwy 151, Hwy 13, and Hwy 100. There are currently three short-term leases in place; please contact the listing agent for lease terms.
The configuration is designed to combine flexible warehouse functionality with on-site office and service amenities.
The property provides quick access to Hwy 151, Hwy 13, and Hwy 100. There are currently three short-term leases in place; please contact the listing agent for lease terms.
The configuration is designed to combine flexible warehouse functionality with on-site office and service amenities.
Key Highlights
- Single‑story warehouse built in 1987 with concrete flooring and radiant heat in the shop space
- Newly painted warehouse/shop space plus a clean office area, restroom, and breakroom
- 5 overhead doors and off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,954
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,359,080
$1.4M
Cap Rate 7%
$970,771
$970.8K
Cap Rate 9%
$755,044
$755.0K
Market Conditions
NOI Build-Up for 11,520 SF
Gross rent
$84.8K $7.36/SF
− Vacancy
−$4.8K −$0.42/SF
EGI
$79.9K $6.94/SF
− OpEx
−$12.0K −$1.04/SF
NOI
$68.0K $5.90/SF
Area
Linn County, IA
Vacancy
5.71%
Lease Rate
$7.36 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,359,080
Cap Rate 7%
$970,771
Cap Rate 9%
$755,044
Alternative Uses
Best Use
Warehouse
$970.8K
$849.4K – $1.13M
NOI $67,954 @ 7.0% cap · market cap 7.77%
Second Best
—
—
no second resolved use
Theoretical Best
Self Storage
$1.94M
$1.70M – $2.26M
NOI $135,717 @ 7.0% cap · market cap 15.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
5
Drive-in doors
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
Balanced
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
Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Ty-Co Painting Inc — 4599 Commercial Ave, Marion, IA 52302
- Linn County Storage — 4455 Commercial Ave, Marion, IA 52302
- Iron Gate Storage LLC — 1895 Red Fox Way, Marion, IA 52302
- Prairie Hill Storage — 2125 Prairie Hill Dr, Marion, IA 52302
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse for sale with newly painted shop space, clean office, radiant heat, and five overhead doors.
Where is this warehouse located?
The property is located at 710 49th Street Marion, IA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Single‑story warehouse built in 1987 with concrete flooring and radiant heat in the shop space; Newly painted warehouse/shop space plus a clean office area, restroom, and breakroom; 5 overhead doors and off‑street parking
