Marshalltown Redevelopment
For Sale
Contact for pricing
405 E Main St, Marshalltown, IA 50158
306,655 SF facility on 7 acres for mixed-use redevelopment.
Property Size231,400 SF
Lot Size7.00 Acres
Days on Market1168
Property Features for 405 E Main St
General Information
Standard status
Active
Size
231,400 SF
Total Parking Spaces
241
Lot size
7.00 Acres
Property subtype
Special Purpose
Zoning
MU
Building Details
Year Built
1965
Year Renovated
2004
Buildings
6
Stories
6
Listing Agency:
LOCATE Commercial Real Estate
(515) 778-7268
Listed By:
Steve Scott · License #IA S34232000
Source:
Crexi
Added: Jun 1, 2023
Changed: Aug 11
Last Checked: Aug 11 at 9:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LOCATE Commercial Real Estate
Investment Insights
Based on property information with market context.
This 306,655 square foot facility comprises multiple interconnected buildings situated on a 7-acre parcel in the downtown core of Marshalltown. Previously operated as a full-service acute care hospital and medical office until Spring 2022, the property is now available for redevelopment. The city supports a major redevelopment into a mixed-use campus, potentially including market rate and/or low-income multifamily housing, senior housing, assisted living, retail and restaurants, and medical/office spaces. Located in Marshalltown’s Downtown Urban Renewal District, the site offers financial assistance opportunities such as tax abatement and TIF rebates. Seller is willing to consider 1031 Exchange(s) for property owned or controlled by buyer. Seller financing up to 50% of purchase price available for a qualified buyer.
Key Highlights
- Strategic 7‑acre parcel in the downtown core suitable for a major mixed‑use redevelopment.
- Located in Marshalltown’s Downtown Urban Renewal District, offering financial assistance opportunities including tax abatement and TIF rebates.
- Seller financing up to 50% of the purchase price is available for a qualified buyer.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
119
Businesses Nearby
Explore this area
Business Placement
Demographics for 50158, IA
31,466
Population
12,614
Households
2.5
Avg Household Size
38
Median Age
21%
College-Educated
84%
High-School Grad
212.2 sq mi
ZIP Area
148
Density / Sq Mi
$71,212
Median Household Income
$40,437
Median Earnings
$865
Median Rent
$130,500
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hospital - 306,655 SF facility on 7 acres for mixed-use redevelopment.
Where is this hospital located?
The property is located at 405 E Main St Marshalltown, IA.
What are key features of this property?
This property features: Strategic 7‑acre parcel in the downtown core suitable for a major mixed‑use redevelopment.; Located in Marshalltown’s Downtown Urban Renewal District, offering financial assistance opportunities including tax abatement and TIF rebates.; Seller financing up to 50% of the purchase price is available for a qualified buyer.
