600-620 Lindale DrMarion, IA 52302

Property Details for 600-620 Lindale Dr

Year built

2001

Lot size

0.78 AC

Property size (Sq ft)

6,407 SF

Property type

Retail properties

Property subtype

Other specialty properties

Description

This exceptional investment opportunity in Marion, Iowa, presents two commercial buildings totaling 6,407 square feet on a 0.779-acre lot. Built in 2001, the property features a thriving car wash with four self-wash bays and one tunnel wash, a laundromat, and a bar operating under a signed lease. The car wash and laundromat are included in the sale, offering an owner-user the chance to operate established businesses. Both buildings boast solar panels, contributing to energy efficiency and potential cost savings. The property is zoned BR, Regional Business, and offers a strong 6.98% cap rate with a net operating income (NOI) of $101,214. The asking price is $1,450,000, translating to $226.31 per square foot. This is a rare chance to acquire a multi-faceted commercial property with established income streams and significant upside potential. The property consists of two single-story buildings and is located at 600-620 Lindale Dr, Marion, IA 52302, in Linn County. The property's APN is 20011-01005-00000.

Location Insight

City

Marion

County

Linn

State

Iowa

Latitude

42.0336

Longitude

-91.6223

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