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    Tower Terrace Rd Marion, IA 52302

    Sponsored
    For Sale
    $1,666,170

    Prime Commercial Lot: Ready to Build!

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5.1-acre commercial lot, located at Tower Terr Road in Marion, Iowa (zip code 52302), presents a unique investment opportunity. Situated in an upscale professional park alongside established businesses such as ESCO Group, Edward Jones, Barrel House, and the new YMCA, this property offers unparalleled visibility and accessibility. The lot is fully developed and level, with utilities already in place, making it a truly "shovel-ready" site. A preliminary plat is complete, and the seller will finalize the plat to accommodate specific lot size requirements, offering flexibility for various development plans. The property's APN is 112543101300000 and is zoned C-3, allowing for a wide range of commercial uses. Fiber optic connection is readily available through IMON, providing high-speed internet access. The asking price for this exceptional property is $1,666,170. This is an ideal location for businesses seeking a prominent presence in a thriving commercial area. Don't miss this chance to secure a prime location in a rapidly growing market.

    Property Features for 0 Tower Terrace Rd

    General Information

    Property type
    Land
    Lot Size
    222,156 SF

    HighLights

    • Flexible lot sizes available.
    • Site is shovel‑ready for immediate development.
    • Located in an upscale professional office park.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Marion
    County
    Linn
    State
    Iowa
    Longitude
    -91.609117228384
    Latitude
    42.058109315546

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    FAQs

    What type of property is this?
    Land - Prime Commercial Lot: Ready to Build!
    Where is this land located?
    The property is located at Tower Terrace Rd Marion, IA.
    What is the asking price?
    The asking price for this property is $1,666,170.
    What are key features of this property?
    This property features: Flexible lot sizes available.; Site is shovel-ready for immediate development.; Located in an upscale professional office park.
    (319) 731-3415
    Request Owner's contact information
    Tower Terrace Rd 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
    Tower Terrace Rd Marion, IA 52302
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