Property profile

3301 Armar Dr Marion, IA 52302

OFF-MARKET
Specialty properties
64,024 SF Built 1980
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Property summary

AI-generated overview

Invest in this exceptional 64,024 square foot Class B office building, situated on a 4.76-acre lot at 3301 Armar Dr, Marion, IA 52302. Built in 1980, this single-story structure boasts multiple tenancies and offers flexible office spaces ranging from 2,716 to 29,434 square feet. The property is zoned BC, Community Business (APN: 14013-26001-00000), and enjoys a highly visible location off Marion Blvd (Business US 151), near the border of Cedar Rapids. Its strategic placement within the Lindale Mall regional shopping area, the largest retail district in Cedar Rapids, ensures high traffic and visibility. The building offers ample parking and excellent signage opportunities, including a monument sign along Business US 151. Convenient access to Interstate 380 (within 3 miles) and proximity to St. Luke’s Hospital Marion ER Campus (opening Summer 2024) further enhance its appeal. This is a rare opportunity to acquire a well-located, established office building in a thriving commercial area. The property's size and flexible space options make it suitable for a variety of businesses. Don't miss this chance to secure a prominent presence in a high-demand location.

Property profile

Verified
Property type Specialty properties
Year built 1980
Total area 64,024 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Corporate Office

Location

3301 Armar Dr Marion, IA 52302
Marion metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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