1005 44Th StMarion, IA 52302

Property Details for 1005 44Th St

Year built

1981

Construction

STEEL FRAME

Lot size

0.63 AC

Property size (Sq ft)

2,600 SF

Property type

Retail properties

Property subtype

Retail space

APN

10-32-4-76-032-0-0000

APU

103247603200000

Description

This single-tenant flex space at 1005 44th St, Marion, IA 52302, offers 2,600 square feet in a prime location. The building, constructed in 1981, sits on a 0.63-acre lot and boasts a desirable BR zoning. Features include one drive-in bay, abundant onsite parking, showroom space, a private office, a restroom, and heated shop space with an 8-foot overhead door. The property enjoys high visibility at a lighted intersection of US-151/10th Ave & 44th St, with over 18,000 vehicles passing daily, according to IDOT. Its strategic location within an automotive hub makes it perfect for dealerships or related businesses. Neighboring businesses include Arnold Motor Supply, Mysak Transmission, and Precision Automotive. For businesses needing more space, an adjacent property offers an additional 4,293 to 6,000 square feet for lease. The owner is also open to build-to-suit opportunities on the site, with approximately 0.62 to 1.30 acres available. The property's APN is 10324-76032-00000, and it's located in Linn County. This is a rare opportunity to secure a well-situated flex space in a thriving automotive center.

• CAP approach

  CAP return

  Valuation

  6%

  $629,143

  6.5%

  $580,748

  7%

  $539,266

• Comparable approach

  Method

  Valuation

  Relative Method

  $334,414

  Geo Method

  $334,414

• Alternative Use

  Use

  Valuation

  Residential

  $489,882

  Hospitality

  $448,730

  Educational

  $373,338

  Medical

  $386,177

  Retail

  $580,748

Location Insight

City

Marion

County

Linn

State

Iowa

Latitude

42.0364

Longitude

-91.5625

CBSA code

16300

CBSA name

CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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