888 10th Street, Marion, IA 52302
COMMERCIAL - Marion, IA
- Added:
- May 4, 2026
- Days on Market:
- 37
- Last Refresh:
- Jun 9 at 9:06 am
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 agent Scott Rosekrans-Rosekrans Stines Team (319) 395-0101
Listing office RE/MAX CONCEPTS 5235 Buffalo Ridge Drive NE SUITE B, Cedar Rapids, IA (319) 395-0101
Listing date May 4, 2026
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
- 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
- Roof is membrane; frame construction
- Carpet flooring; includes a basement
- Updated mechanical systems and solar energy integration
Overview
Located at 888 10th Street in Marion, Iowa (Linn County), the building sits on a 0.11-acre lot and totals 4,800 square feet. The property is listed under Comm zoning.
For buyers seeking a stabilized, income-producing office asset, the building is described as fully occupied with stable, long-term tenants. The existing space configuration supports organizations needing private offices alongside shared meeting and support areas, including a dedicated conference room and breakrooms on-site.
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Marion
- County
- Linn
- State
- Iowa
- Longitude
- -91.599581
- Latitude
- 42.0349172
