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    5975 Carlson Way Marion, IA 52302

    Sponsored
    For Sale
    $950,000

    High-traffic corner lot, ready for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.67-acre commercial lot is situated at the highly visible intersection of Highway 13 and Highway 151 in Marion, Iowa. Part of the thriving East Town Crossing development, this property boasts excellent co-tenancy with established national and regional brands including Pizza Ranch, Kwik Star, Pancheros, Jersey Mike's, Scooters Coffee, and Daisy's Garage. The lot is ideally suited for a retail or office building of approximately 13,000 square feet, though adaptable to various development plans. Utilities are conveniently located on-site and ready for immediate connection, streamlining the development process. This prime location benefits from significant traffic volume and is adjacent to a soon-to-open Holiday Inn Express & Suites, further enhancing its appeal and potential for high returns. The property's strategic placement within a mixed-use area, alongside a planned third residential apartment building with over 90 units, ensures a robust and growing customer base. The asking price for this exceptional opportunity is $950,000. The property's APN is 103345101800000. This is a rare chance to establish a business in a dynamic and rapidly expanding commercial hub.

    Property Features for 5975 Carlson Way

    General Information

    Property type
    Land
    Lot Size
    72,745 SF

    HighLights

    • High‑visibility corner lot at Hwy 13 & Hwy 151 intersection in Marion, IA.
    • Excellent location with strong co‑tenancy including national and regional brands.
    • 1.67‑acre parcel.
    • Utilities available and ready for immediate connection.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Marion
    County
    Linn
    State
    Iowa
    Longitude
    -91.548113
    Latitude
    42.037343

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    FAQs

    What type of property is this?
    Land - High-traffic corner lot, ready for development.
    Where is this land located?
    The property is located at 5975 Carlson Way Marion, IA.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: High-visibility corner lot at Hwy 13 & Hwy 151 intersection in Marion, IA.; Excellent location with strong co-tenancy including national and regional brands.; 1.67-acre parcel.
    Request Owner's contact information
    5975 Carlson Way Marion, IA 52302
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    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
    5975 Carlson Way Marion, IA 52302
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