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    702 3Rd Ave Marshalltown, IA 50158

    For Sale
    $525,000

    Prime Redevelopment Opportunity, 13.94 Acres

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 13.94-acre commercial land parcel, located at 702 S 3rd Ave in Marshalltown, Iowa, presents a compelling redevelopment opportunity. Zoned M-2, this property offers significant potential for various commercial ventures. The site currently features eight existing warehouse/industrial buildings, providing a solid foundation for future development or immediate operational use. The asking price is $525,000, translating to a land value of $0.86 per square foot. This strategic location in Marshall County, Iowa, zip code 50158, benefits from the advantageous designation as an Opportunity Zone, unlocking substantial tax benefits for qualified investors. Furthermore, financial incentives are available, adding to the attractiveness of this investment. The property's coordinates are 42.0404997 latitude and -92.9039817 longitude. This is a rare chance to acquire a large, well-situated commercial property with existing structures and significant potential for growth, all while leveraging the benefits of Opportunity Zone incentives and available financial assistance. Don't miss this chance to capitalize on this prime redevelopment opportunity in a thriving Iowa community.

    Property Features for 702 3Rd Ave

    General Information

    Property type
    Land
    Lot Size
    607,226 SF

    HighLights

    • $525,000 asking price for 13.94 acres of commercial land.
    • M‑2 zoning.
    • Eight existing warehouse/industrial buildings.
    • Opportunity Zone designation.
    • Financial incentives available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Holllingsworth Mfg. Manufacturer Shop Tools Outlet Equipment Supplier HMC Industries, Inc. Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Marshalltown
    County
    Marshall
    State
    Iowa
    Longitude
    -92.9039817
    Latitude
    42.0404997

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    FAQs

    What type of property is this?
    Land - Prime Redevelopment Opportunity, 13.94 Acres
    Where is this land located?
    The property is located at 702 3Rd Ave Marshalltown, IA.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: $525,000 asking price for 13.94 acres of commercial land.; M-2 zoning.; Eight existing warehouse/industrial buildings.
    (515) 460-0624
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    702 3Rd Ave Marshalltown, IA 50158
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    Marshalltown, IA 50158
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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
    702 3Rd Ave Marshalltown, IA 50158
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