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2 Tower Terrace Rd Marion, IA 52302

OFF-MARKET Land Google Maps
6.7 ac lot
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 6.7-acre commercial lot in Marion, Iowa, presents a unique opportunity for development. Located within an established upscale professional park, this property boasts a "shovel-ready" status, meaning utilities are already in place and the site is fully developed and level. The lot is zoned C-3, offering considerable flexibility for a variety of commercial uses. The property's location offers excellent visibility and accessibility, surrounded by thriving businesses including the ESCO Group, Edward Jones, Barrel House, and the new YMCA, among other retail and service providers. Access to high-speed fiber internet connection is available through IMON. While the current listing is for the entire 6.7 acres, the seller is willing to work with buyers to create a final plat for a smaller lot size, offering flexibility to suit individual project needs. A preliminary plat is already complete, streamlining the development process. This is an ideal location for businesses seeking a prominent presence in a rapidly growing area. The asking price for this fully prepared commercial lot is $2,188,890. The property is situated in Linn County, Iowa, with the address being Lot 2 Tower Terr Road, Marion, IA 52302.

Property profile

Verified
Property type Land
Lot 6.7 ac (291,852 SF)

Cap rate & NOI

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

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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