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    2500 Center St Marshalltown, IA 50158

    Sponsored
    For Sale
    $599,000

    Iowa retail land, high visibility, development potential.

    Property size:
    62,068 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity encompasses two prime retail outlots totaling 211,914 square feet, strategically located at 2500 S Center Street in Marshalltown, Iowa, zip code 50158. The property includes two parcels: Lot 8 (Parcel ID # 8318-11-252-001), spanning 62,068 square feet, and Lot 9 (Parcel ID # 8318-11-252-009), encompassing 149,846 square feet. Both lots boast excellent visibility and frontage on South Center Street, ensuring high traffic exposure and ideal signage opportunities at eye level. The asking price for this combined property is $599,000. This location offers easy access to major thoroughfares and is conveniently situated near a variety of amenities and services. Importantly, both lots are included in the Marshalltown Urban Renewal Plan, Amendment 7, and may qualify for Tax Increment Financing (TIF) funding, presenting a significant financial advantage for the prospective buyer. Lot 9's substantial size makes it particularly suitable for multi-family or office development projects. This property presents a rare chance to acquire a substantial retail pad site with significant development potential in a thriving Iowa community.

    Property Features for 2500 Center St

    General Information

    Property type
    Retail properties
    Square Feet
    62,068 SF

    HighLights

    • Retail pad site available at Marshalltown Mall.
    • High visibility with South Center Street frontage.
    • Excellent street‑level signage opportunities.
    • 149,846 square foot lot (Lot 9).
    • Suitable for multifamily or office development.
    • Convenient access to major roadways.
    Property Profile Location Intelligence

    Current Use by Public Records

    MAMA DiGrado's PASTA ... Pizza Restaurant Arby's Fast Food Restaurant Lucky Friday Bin ... Discount Store Miracle-Ear Hearing Aid ... Hearing Aid Store Marshalltown Mall Shopping Mall

    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
    Marshalltown
    State
    Iowa
    Longitude
    -92.911783
    Latitude
    42.0151198

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    FAQs

    What type of property is this?
    Retail property - Iowa retail land, high visibility, development potential.
    Where is this retail property located?
    The property is located at 2500 Center St Marshalltown, IA.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: Retail pad site available at Marshalltown Mall.; High visibility with South Center Street frontage.; Excellent street-level signage opportunities.
    Request Owner's contact information
    2500 Center St 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
    2500 Center St Marshalltown, IA 50158
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