1100 35th St, Marion, IA 52302-1710
- Day care centers
- 9,381 SF
- 1.32 lot acres
Current Use by Public Records
- Day care centers
Property Details for 1100 35th St
- Year built
- 1988
- Lot size
- 1.32 lot acres
- Property type
- Day care centers
- APN
- 10-32-3-79-004-0-0000
- APU
- 103237900400000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 14, 2025 | — | Jk Childcare LLC | Abcm Corporation | Deed | — |
| Nov 15, 2024 | $3,200,000 | Abcm Corporation | Nvs Properties 35 LLC | Warranty Deed | — |
| May 30, 2023 | $700,000 | Nvs Properties 35 LLC | K I D S Properties LLC | Warranty Deed | $2M · Midwestone Bank |
| Dec 13, 2018 | — | K I D S Props LLC | — | Deed · related | $1.3M · Bankers Tr |
| Oct 24, 2008 | $1,100,000 | Kids INC | Djb Properties Lc | Warranty Deed | — |
| Oct 24, 2008 | $500 | Kids Properties LLC | Kids INC | Quit Claim Deed · related | — |
| Oct 21, 2008 | — | Kids Properties LLC | — | Trustees Deed · related | $501k · Bankers Trust Co |
| May 14, 2008 | $1,100,000 | Donna Burke | Djb Properties Lc | Grant Deed | — |
| May 14, 2008 | — | Kids INC | Djb Properties Lc | Grant Deed · related | — |
| — | — | K I D S Props LLC | — | Deed Of Trust · related | $1.3M · Bankers Tr |
| — | — | Djb Properties Lc | — | Deed Of Trust · related | $959k · Regions Bank |
| — | — | Kids Properties LLC | — | Deed Of Trust · related | $626k · Bankers Trust Co |
| — | — | Kids Properties LLC | — | Deed Of Trust · related | $772k · Bankers Trust Co |
| — | — | Mcneal Real Estate LLC | — | Deed Of Trust · related | $698k · Bankers Trust Co |
| — | — | Kids Properties LLC | — | Deed Of Trust · related | $632k · Black Hawk Economic Dev INC |
| — | — | Kids Properties LLC | — | Deed Of Trust · related | $1.4M · Bankers Trust Co |
Description
Exceptional investment opportunity: a brand-new, 9,381-square-foot, single-story Montessori school in Marion, Iowa. This property boasts a 20-year triple-net (NNN) lease with a strong corporate guarantee from Higher Ground Education (HGE), a financially sound operator with a highly experienced executive team. The tenant, Guidepost Montessori, is the largest Montessori school operator in the U.S., currently operating over 100 locations nationwide. This location features 100% occupancy and a robust 7.15% capitalization rate, generating a net operating income (NOI) of $230,207. The lease includes a 2% annual rental increase, ensuring consistent income growth. The asking price is $3,281,120, translating to $349.76 per square foot and representing a compelling price-per-unit given the long-term lease and strong tenant. Situated on a 1.32-acre lot at 1100 35th St, Marion, IA 52302, this property offers a secure and high-yield investment opportunity in a thriving market. Guidepost's enrollment has more than doubled since the COVID-19 pandemic, demonstrating significant market demand and the school's resilience. This is a rare chance to acquire a stable, high-performing asset with substantial long-term growth potential.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $530,000
- ML approach
- $515,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $512,000
Market price range: $259k - $573k -
Alternative Use
- Use
- Estimation
- COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
- $450,000 Current use
- RESTAURANT
- $840,000 Change: +86% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $745,000 Change: +66% Conversion: Difficult
- RETAIL STORES
- $670,000 Change: +48% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $645,000 Change: +43% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $600,000 Change: +33% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $540,000 Change: +20% Conversion: Difficult
- OFFICE BUILDING
- $510,000 Change: +13% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Marion
- County
- Linn
- State
- Iowa
- Longitude
- -91.5742
- Latitude
- 42.0376
- CBSA code
- 16300
- CBSA name
- CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA
