Building Details

Tenancy Single

Listing Agency: GLD Commercial Show Phone

Listed By: Angie Glick Show Phone

Source: Moodyscre

Added: Apr 28 Changed: Oct 26 Last Checked: Oct 28 at 8:53AM

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Investment Insights

Based on property information with market context.

This fully leased commercial condo unit includes the first-floor restaurant space, which was recently renovated. The space is built for high-volume food service with a full catering-size kitchen.

BarTini’s operates under a 5-year lease that commenced October 1, 2025, providing current income at the time of sale. Tax abatement is in place through 2030.

The offering is presented for sale as a turn-key, occupied restaurant condo unit with both the premises and lease arrangement included in the transaction.

Key Highlights

• Fully leased first‑floor restaurant space in the heart of Uptown Marion, now available for sale
• Recently renovated restaurant space includes a full catering‑size kitchen
• Sale includes an in‑place tenant lease with BarTini’s under a 5‑year term commencing October 1, 2025

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$48,762

Cap Rate

6.73%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$975,240 $975.2K

Cap Rate 7%

$696,600 $696.6K

Cap Rate 9%

$541,800 $541.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,813 SF

Gross rent

$70.5K $14.64/SF

− Vacancy

−$5.4K −$1.13/SF

EGI

$65.0K $13.51/SF

− OpEx

−$16.3K −$3.38/SF

NOI

$48.8K $10.13/SF

Area

Linn County, IA

Vacancy

7.73%

Lease Rate

$14.64 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$975,240

Cap Rate 7%

$696,600

Cap Rate 9%

$541,800

Alternative Uses

Best Use

Specialty Retail

$696.6K

$609.5K – $812.7K (±1% cap)

NOI $48,762 @ 7.0% cap · market cap 6.73%

Second Best

—

—

no second resolved use

Theoretical Best

Self Storage

$810.0K

$708.8K – $945.0K (±1% cap)

NOI $56,702 @ 7.0% cap · market cap 7.82%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Law Firm Daycare Center Garden Center (Bike/Boat/Book/etc) Store Dental Office Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

711

Businesses Nearby

Under-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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Fully leased first-floor restaurant space with a catering-size kitchen and recent renovation, sold with an in-place tenant lease.

Where is this conventional restaurant located?

The property is located at 796 11th St Marion, IA.

What is the asking price?

The asking price for this property is $725,000.

What are key features of this property?

This property features: Fully leased first‑floor restaurant space in the heart of Uptown Marion, now available for sale; Recently renovated restaurant space includes a full catering‑size kitchen; Sale includes an in‑place tenant lease with BarTini’s under a 5‑year term commencing October 1, 2025