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    6 Tower Terrace Rd Marion, IA 52302

    Sponsored
    For Sale
    $1,829,520

    Prime 3-acre commercial lot, ready to build.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3-acre commercial lot in Marion, Iowa, presents a unique opportunity for development. Situated in an upscale professional park alongside established businesses such as Esco Group, Edward Jones, and Barrel House, this shovel-ready site offers immediate construction potential. The property boasts a fully developed, level lot with readily available utilities, ensuring a seamless building process. Access to high-speed fiber internet connectivity is provided by IMON, catering to modern business needs. The lot is zoned C-3, allowing for a wide range of commercial uses. While this listing features a 3-acre parcel, the owner is willing to adjust the final plat to accommodate specific lot size requirements within the range of 3.0 to 5.1 acres. Preliminary platting is already complete, streamlining the permitting and development phases. This location offers excellent visibility and accessibility, making it an ideal investment for businesses seeking a prime location in a thriving commercial area near the Linn Mar campus. The asking price of $1,829,520 includes all site preparation and utility connections.

    Property Features for 6 Tower Terrace Rd

    General Information

    Property type
    Land
    Lot Size
    130,680 SF

    HighLights

    • Shovel‑ready site.
    • Upscale professional office park.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Gym & Fitness Daycare Center Kitchen & Bath HVAC Service Auto Parts Store Electrical Service Nursing Home Assisted Living Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Linn
    State
    Iowa
    Longitude
    -91.608921057934
    Latitude
    42.058132061628

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    FAQs

    What type of property is this?
    Land - Prime 3-acre commercial lot, ready to build.
    Where is this land located?
    The property is located at 6 Tower Terrace Rd Marion, IA.
    What is the asking price?
    The asking price for this property is $1,829,520.
    What are key features of this property?
    This property features: Shovel-ready site.; Upscale professional office park.;
    Request Owner's contact information
    6 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
    6 Tower Terrace Rd Marion, IA 52302
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