All-Brick Multi-Office
888 10th Street Marion, IA 52302
For Sale
$424,950
COMMERCIAL - Marion, IA
Property Size4,800 SF
Lot Size0.11 Acres
Price / SF$88.53
Days on Market82
Property Features for 888 10th Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- Comm
- Rooms
- Basement
- Standard status
- Active
- APN
- 14011-05001-00000
- Size
- 4,800 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Description
- As Per Abstract
- Tax Annual Amount
- 7495
Building Details
- Year built
- 1966
- Flooring type
- Carpet
- Building materials
- Frame
- Roof type
- Membrane
Listing Agency:
RE/MAX CONCEPTS
(319) 395-0101
Listed By:
Scott Rosekrans-Rosekrans Stines Team
(319) 395-0101
Added: May 4
Changed: Jun 17
Last Checked: Jul 24 at 5:06PM
MLS# 2603095
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.
Investment Insights
Based on property information with market context.
This all-brick office building is designed for multiple occupants, with a configuration that includes multiple private offices, a conference room, two breakrooms, and restrooms on each level. The property has updated mechanical systems and includes solar energy integration. Natural light is described as abundant throughout the building.
Located at 888 10th Street in Marion, Iowa, the property sits on a 0.11-acre site. The listing is for sale as a commercial office investment, and Public Remarks state the building is fully occupied with stable, long-term tenants.
For buyers and operators looking for an office asset with defined interior amenities, the building offers practical day-to-day functionality for office teams, including dedicated private offices, shared meeting space, and multiple restroom and breakroom options across levels. Its updated mechanical systems and solar energy integration are additional property-specific considerations for ownership and ongoing operations. For tenants, the layout supports both individual workspaces and collaboration in a conference room, with restrooms and breakrooms available on each level.
Located at 888 10th Street in Marion, Iowa, the property sits on a 0.11-acre site. The listing is for sale as a commercial office investment, and Public Remarks state the building is fully occupied with stable, long-term tenants.
For buyers and operators looking for an office asset with defined interior amenities, the building offers practical day-to-day functionality for office teams, including dedicated private offices, shared meeting space, and multiple restroom and breakroom options across levels. Its updated mechanical systems and solar energy integration are additional property-specific considerations for ownership and ongoing operations. For tenants, the layout supports both individual workspaces and collaboration in a conference room, with restrooms and breakrooms available on each level.
Key Highlights
- All‑brick office building built in 1966
- Fully occupied with stable, long‑term tenants
- Includes multiple private offices, a conference room, two breakrooms, and restrooms on each level
Financial Insights For Office B
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 | $40.3k | $8.40 |
| − Vacancy | −$9.8k | −$2.03 |
| EGI | $30.6k | $6.37 |
| − OpEx | −$7.6k | −$1.59 |
| NOI | $22.9k | $4.78 |
4,800 SF · lease $8.40/SF/yr · vacancy 24.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$327.5K
$286.5K – $382.0K
NOI $22,922 @ 7.0% cap · market cap 5.39%
Second Best
—
—
no second resolved use
Theoretical Best
Self Storage
$807.8K
$706.9K – $942.5K
NOI $56,549 @ 7.0% cap · market cap 13.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - All-brick office building with private offices, conference space, breakrooms, and restrooms on each level.
Where is this office building located?
The property is located at 888 10th Street Marion, IA.
What is the asking price?
The asking price for this property is $424,950.
What are key features of this property?
This property features: All‑brick office building built in 1966; Fully occupied with stable, long‑term tenants; Includes multiple private offices, a conference room, two breakrooms, and restrooms on each level
