Renovated Bars & Pubs
For Sale
$725,000
796 11TH Street Unit A, Marion, IA 52302
Fully leased first-floor unit with a recently updated catering kitchen and an established five-year lease term.
Property Size4,813 SF
Price / SF$150.63
Days on Market272
Property Features for 796 11TH Street Unit A
General Information
Standard status
Active
Size
4,813 SF
Property subtype
Commercial
Occupancy
100%
Lease Term
[]
Additional Details
Floor
1
Building Details
Year Built
1901
Listing Agency:
GLD COMMERCIAL
Listed By:
Angie Glick
(319) 731-3400
Source:
Cbhrealty
Added: Jan 15
Changed: Oct 13
Last Checked: Oct 12 at 7:56PM
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 GLD COMMERCIAL
Investment Insights
Based on property information with market context.
This commercial condominium includes a first-floor restaurant space that has undergone recent renovation. The premises feature a full catering-size kitchen and are currently occupied by BarTini's under a five-year lease that began October 1, 2025.
Built in 1901, the property is located at 796 11TH Street, Unit A, in Marion, Iowa. A tax abatement is in place through 2030, providing an additional property-specific consideration for purchasers. The sale includes the restaurant space and its associated commercial condominium interest.
Built in 1901, the property is located at 796 11TH Street, Unit A, in Marion, Iowa. A tax abatement is in place through 2030, providing an additional property-specific consideration for purchasers. The sale includes the restaurant space and its associated commercial condominium interest.
Key Highlights
- Fully leased commercial condominium unit
- Recently renovated first‑floor restaurant space
- Full catering‑size kitchen included
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
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
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
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
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Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
711
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Brick Alley Pub and Sports Bar — 1038 7th Ave, Marion, IA 52302
- Uptown Snug — 760 11th St, Marion, IA 52302
- Goldfinch Tap + Eatery — 740 10th St, Marion, IA 52302
- Big Shots — 1803 6th Ave, Marion, IA 52302
- Wrigleyville Sports Pub — 1899 7th Ave, Marion, IA 52302
Frequently Asked Questions
What type of property is this?
Bar & Pub - Fully leased first-floor unit with a recently updated catering kitchen and an established five-year lease term.
Where is this bar & pub located?
The property is located at 796 11TH Street Unit A 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 commercial condominium unit; Recently renovated first‑floor restaurant space; Full catering‑size kitchen included
