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Property profile & analytics
FOR LEASE
Strip malls

101 Iowa Ave W Marshalltown, IA 50158

82,740 SF 9.69 ac lot Built 1998
Individually Owned 8-yr Hold Absentee Owner Free & Clear
Property ID
US25-1197430
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1998
Total area 82,740 SF
Lot 9.69 ac (422,149 SF)
Zoning code CC
APN 8318-11-376-029
UPID US25-1197430
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
Current use
Occupant on record · Public records
  • Pradeep Y Sarswat, MD Medical Clinic
  • Grant Jacobson, DVM Veterinary Clinic
  • The Hometown Veterinarian Veterinary Clinic
  • Primary Health Care Medical - Marshalltown Medical Clinic
  • Primary Health Care Dental - Marshalltown Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Eric And Carol Ziel Joint Revocable · 8 yrs held
Eric And Carol Ziel Joint Revocable
since 2017
4 recorded transactions
2019
Price N/A
2017
$3.4M
2017
$3.4M
2005
$4.9M
Zoning & alternative use
CC · Marshalltown, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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