405 E Main St Marshalltown, IA 50158
306,655 SF facility on 7 acres for mixed-use redevelopment.
Type:Special Purpose
Property size:
231,400 SFLot size:
7.00 Acres- Added:
- Jun 1, 2023
- Days on Market:
- 1065
- Last Refresh:
- Mar 17 at 1:24 pm
Property Features for 405 E Main St
General Information
- Standard status
- Active
- Size
- 231,400 SF
- Lot size
- 7.00 Acres
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1965
Listing agent Steve Scott License #IA S34232000
Listing office LOCATE Commercial Real Estate
Listing date Jun 1, 2023
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of LOCATE Commercial Real Estate
Overview
Marshalltown Redevelopment Opportunity
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Bonte Gbemudu
Pediatrician
Mattie Testroet A.R.N.P.
Physician
mmsc marshalltown clinic
Physician
Dr. Thomas Ambrose
Physician
Arnold Delbridge
Physician
Location Insight
- Map
- Local Demand
- City
- Marshalltown
- County
- Marshall
- State
- Iowa
- Longitude
- -92.9197584
- Latitude
- 42.0492112
Nearby Similar for Sale
FAQs
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.
