Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    2 Tower Terrace Rd Marion, IA 52302

    Sponsored
    For Sale
    $2,188,890

    6.7 Acres, Shovel-Ready, C-3 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 6.7-acre commercial lot in Marion, Iowa, presents a unique opportunity for development. Located within an established upscale professional park, this property boasts a "shovel-ready" status, meaning utilities are already in place and the site is fully developed and level. The lot is zoned C-3, offering considerable flexibility for a variety of commercial uses. The property's location offers excellent visibility and accessibility, surrounded by thriving businesses including the ESCO Group, Edward Jones, Barrel House, and the new YMCA, among other retail and service providers. Access to high-speed fiber internet connection is available through IMON. While the current listing is for the entire 6.7 acres, the seller is willing to work with buyers to create a final plat for a smaller lot size, offering flexibility to suit individual project needs. A preliminary plat is already complete, streamlining the development process. This is an ideal location for businesses seeking a prominent presence in a rapidly growing area. The asking price for this fully prepared commercial lot is $2,188,890. The property is situated in Linn County, Iowa, with the address being Lot 2 Tower Terr Road, Marion, IA 52302.

    Property Features for 2 Tower Terrace Rd

    General Information

    Property type
    Land
    Lot Size
    291,852 SF

    HighLights

    • 6.7‑acre commercial lot in Marion, IA, offering flexible lot sizes.
    • Shovel‑ready site with utilities in place and level topography.
    • Located in an established upscale professional park with excellent visibility and access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Gym & Fitness Daycare Center Kitchen & Bath HVAC Service Auto Parts Store Electrical Service Nursing Home Assisted Living Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Linn
    State
    Iowa
    Longitude
    -91.605180591285
    Latitude
    42.05730235122

    Nearby Similar for Sale

    • $634,950
      4,800 SF

      Marion Office Investment Opportunity

      All-brick office building with long-term tenants and solar energy integration.
      888 10Th St, Marion, IA 52302
      View Details
    • $1,995,000
      15,000 SF

      Marion Warehouse/Showroom Opportunity

      Stand-alone building with office and warehouse space in growing area.
      6200 N Gateway Dr, Marion, IA 52302
      View Details
    • $260,000
      3,100 SF

      Marion, Iowa Quadplex Investment

      Four units, two bedrooms, one bath, great investment opportunity.
      4681 Vasey Ave, Marion, IA 52302
      View Details
    • $230,000
      1,716 SF

      Marion Duplex Near Parkview Elementary

      Side-by-side duplex near school and park, remodeled unit.
      310 4Th St, Marion, IA 52302
      View Details
    • Contact for pricing
      5,210 SF

      Uptown Marion Office Suite

      Two-room office suite in the heart of Uptown Marion.
      642 10Th St, Marion, IA 52302
      View Details
    • Contact for pricing
      9,300 SF

      Marion Industrial/Warehouse Space Available

      Newer industrial/warehouse building suitable for contractors and retail.
      324 44Th St, Marion, IA 52302
      View Details
    • Contact for pricing
      9,300 SF

      Marion Industrial/Warehouse Space For Sale

      Industrial/warehouse space suitable for contractors, warehouse, and retail.
      324 44Th St, Marion, IA 52302
      View Details
    • $154,950
      1,821 SF

      Marion Duplex with Leases

      Marion duplex featuring two-bedroom units with existing leases.
      943 18Th St, Marion, IA 52302
      View Details
    • $2,245,000
      18,630 SF

      Premier Event Center with Expansion

      Elegant 10,800 SF venue ideal for weddings and corporate events.
      2987-3243 Epic Dr, Marion, IA
      View Details
    • $1,100,000
      7,305 SF

      Uptown Marion Mixed-Use Property

      Prime Uptown Marion property with established pub and apartments.
      1038-1048 7Th Ave, Marion, IA 52302
      View Details
    • $195,000
      1,794 SF

      Turnkey Mixed-Use Investment Property

      Mixed-use property with retail/office space and residential apartment.
      462 7Th Ave, Marion, IA 52302
      View Details
    • $1,625,000
      10,800 SF

      Elegant Event Center with Expansion

      Premier event center ideal for weddings, galas, and corporate functions.
      2987 Epic Dr, Marion, IA
      View Details

    FAQs

    What type of property is this?
    Land - 6.7 Acres, Shovel-Ready, C-3 Zoning
    Where is this land located?
    The property is located at 2 Tower Terrace Rd Marion, IA.
    What is the asking price?
    The asking price for this property is $2,188,890.
    What are key features of this property?
    This property features: 6.7-acre commercial lot in Marion, IA, offering flexible lot sizes.; Shovel-ready site with utilities in place and level topography.; Located in an established upscale professional park with excellent visibility and access.
    (319) 731-3415
    Request Owner's contact information
    2 Tower Terrace Rd Marion, IA 52302
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2 Tower Terrace Rd
    Marion, IA 52302
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2 Tower Terrace Rd Marion, IA 52302
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.