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Property profile & analytics
OFF-MARKET
Retail space

1005 44th St Marion, IA 52302-1543

2,600 SF 0.63 ac lot Built 1981
Individually Owned 21-yr Hold ~ Est. High Equity
Property ID
US25-0198712
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1981
Construction STEEL FRAME
Total area 2,600 SF
Lot 0.63 ac (27,443 SF)
APN 10-32-4-76-032-0-0000
UPID US25-0198712
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
John P Khairallah · 21 yrs held
John P Khairallah
since 2005
1 recorded transaction
2005
$190,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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