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    1155 Grand Ave Marion, IA 52302

    Sponsored
    For Lease
    $12 SF/Yr ($19,533 /Mo)

    Marion, IA Office Suites Available

    Lot size:
    19,533 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 1155-1199 Grand Avenue in Marion, Iowa, offers a prime opportunity for businesses seeking flexible office space. The single-story building, constructed in 1966, encompasses 19,533 square feet and sits on a generous 3.44-acre lot. Currently, 1,720 square feet of office space is available, divisible into units ranging from a minimum of 600 square feet to a maximum contiguous space of 1,120 square feet. The property is zoned BC, Community Business, and features abundant on-site parking. Benefit from excellent visibility and high traffic counts, with an average daily traffic volume of 11,000 vehicles, as reported by the Iowa Department of Transportation. The lease is a modified gross rate, with tenants responsible for utilities and internet. This location provides easy access for employees and clients alike, making it an ideal choice for a variety of businesses. The property's APN is 150722600300000. This is a rare opportunity to secure well-located, adaptable office space in a thriving community. Inquire today to learn more about lease terms and available suite configurations.

    Property Features for 1155 Grand Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    19,533 SF
    Total Rate
    19533

    Building Details

    Year Built
    1966
    Stories
    1

    Unit(s) available at that property

    Space
    1181 Grand Ave
    Size
    600 SF
    Rate per SF
    $12
    Space
    1199 Grand Avenue
    Size
    1,120 SF
    Rate per SF
    $13

    HighLights

    • Affordable retail or office space available for lease.
    • Well‑maintained property.
    • High‑traffic location with excellent visibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Linn
    State
    Iowa
    Longitude
    -91.597467731432
    Latitude
    42.019849930054

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    FAQs

    What type of property is this?
    Office Property / Space - Marion, IA Office Suites Available
    Where is this office property / space located?
    The property is located at 1155 Grand Ave Marion, IA.
    What is the lease rate?
    The lease rate is $12-$13 SF/Yr.
    What are key features of this property?
    This property features: Affordable retail or office space available for lease.; Well-maintained property.; High-traffic location with excellent visibility.
    Request Owner's contact information
    1155 Grand Ave Marion, IA 52302
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    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
    1155 Grand Ave Marion, IA 52302
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