101 Iowa AveMarshalltown, IA 50158

Property Details for 101 Iowa Ave

Year built

1998

Lot size

9.69 AC

Property size (Sq ft)

82,740 SF

Zone code

CC

Property type

Retail properties

Property subtype

Strip malls

APN

8318-11-376-029

APU

831811376029

Description

Southgate Plaza, located at 101 Iowa Ave W, Marshalltown, IA 50158, presents a unique commercial real estate opportunity. This single-story, 79,758 square foot building, constructed in 2000 and renovated in 2021, sits on a 9.69-acre lot and offers flexible space ideal for various uses. Currently zoned commercial, the property is classified as Class C and features two suites, with 21,090 square feet of vacant space available. Minimum divisible space is 5,000 square feet, with a maximum contiguous space of 21,090 square feet. The property's location offers excellent visibility and accessibility, situated near major roadways and public transportation. Its convenient location near Menards, Walmart, Culver's, Planet Fitness, Theisen's, Applebee's, Marshalltown Community College, and UnityPoint Health Marshalltown Hospital provides strong co-tenancy and high traffic volume. The ample surface parking lot caters to businesses requiring significant customer or employee parking. This versatile property is suitable for a range of retail, office, and restaurant tenants seeking a prominent location in the Fort Dodge/Ames submarket. The property's size and layout make it an attractive option for businesses needing substantial space. Inquire today to learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $20,021,276

  6.5%

  $18,481,178

  7%

  $17,161,094

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,642,085

  Geo Method

  $10,642,085

• Alternative Use

  Use

  Valuation

  Residential

  $15,589,565

  Hospitality

  $14,279,958

  Educational

  $11,880,757

  Medical

  $12,289,355

  Retail

  $18,481,178

Location Insight

City

Marshalltown

County

Marshall

State

Iowa

Latitude

42.0079

Longitude

-92.915

CBSA code

32260

CBSA name

MARSHALLTOWN, IA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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