Renovated Restaurant
For Sale
$725,000
A-796 11th St, Marion, IA 52302
Fully leased first-floor space includes a catering-size kitchen and an active five-year lease.
Property Size4,813 SF
Price / SF$150.63
Days on Market189
Property Features for A-796 11th St
General Information
Standard status
Active
Size
4,813 SF
Occupancy
100%
Additional Details
Floor
1
Listing Agency:
GLD COMMERCIAL
(319) 731-3400
Listed By:
Angie Glick
(319) 821-0028
Source:
Exprealty
Added: Apr 8
Changed: Oct 5
Last Checked: Oct 13 at 1:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of GLD COMMERCIAL
Investment Insights
Based on property information with market context.
This 4,813-square-foot commercial condominium comprises a first-floor restaurant space that underwent recent renovation. The premises include a full catering-size kitchen and are occupied by BarTini’s under a five-year lease that began October 1, 2025.
Located in Uptown Marion at A-796 11th St, the property includes a tax abatement in place through 2030. The offering combines an operating restaurant space with an existing tenant and defined lease term.
Located in Uptown Marion at A-796 11th St, the property includes a tax abatement in place through 2030. The offering combines an operating restaurant space with an existing tenant and defined lease term.
Key Highlights
- 4,813‑square‑foot commercial condominium
- Recently renovated first‑floor restaurant space
- Full catering‑size kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,762
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$975,240
$975.2K
Cap Rate 7%
$696,600
$696.6K
Cap Rate 9%
$541,800
$541.8K
Market Conditions
NOI Build-Up for 4,813 SF
Gross rent
$70.5K $14.64/SF
− Vacancy
−$5.4K −$1.13/SF
EGI
$65.0K $13.51/SF
− OpEx
−$16.3K −$3.38/SF
NOI
$48.8K $10.13/SF
Area
Linn County, IA
Vacancy
7.73%
Lease Rate
$14.64 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$975,240
Cap Rate 7%
$696,600
Cap Rate 9%
$541,800
Alternative Uses
Best Use
Specialty Retail
$696.6K
$609.5K – $812.7K
NOI $48,762 @ 7.0% cap · market cap 6.73%
Second Best
—
—
no second resolved use
Theoretical Best
Self Storage
$810.0K
$708.8K – $945.0K
NOI $56,702 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
734
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 52302, IA
43,130
Population
18,153
Households
2.4
Avg Household Size
39
Median Age
39%
College-Educated
97%
High-School Grad
74.3 sq mi
ZIP Area
580
Density / Sq Mi
$87,463
Median Household Income
$50,234
Median Earnings
$963
Median Rent
$232,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully leased first-floor space includes a catering-size kitchen and an active five-year lease.
Where is this conventional restaurant located?
The property is located at A-796 11th St Marion, IA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 4,813‑square‑foot commercial condominium; Recently renovated first‑floor restaurant space; Full catering‑size kitchen
