600-620 Lindale Dr Marion, IA 52302
- Specialty properties
- 6,407 SF
- 0.78 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 600-620 Lindale Dr
- Year built
- 2001
- Lot size
- 0.78 lot acres
- Property size
- 6,407 SF
- Property type
- Specialty properties
- Property subtype
- Retail 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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Marion
- County
- Linn
- State
- Iowa
- Longitude
- -91.6223
- Latitude
- 42.0336
