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    1155 Grand Ave Marion, IA 52302

    • Strip malls
    • 19,533 SF
    • 3.44 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Value Estimation
    $750,000
    Last Sale
    Jun 13, 2024
    $770,000
    Location Intelligence
    Property ID
    US25-1384622
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Strip malls

    Property Details for 1155 Grand Ave

    Year built
    1966
    Lot size
    3.44 lot acres
    Property size
    19,533 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    15-07-2-26-003-0-0000
    APU
    150722600300000

    Description

    This exceptional commercial property, located at 1155-1199 Grand Avenue in Marion, Iowa, offers a prime opportunity for businesses seeking flexible office space. The single-story building, constructed in 1966, encompasses 19,533 square feet and sits on a generous 3.44-acre lot. Currently, 1,720 square feet of office space is available, divisible into units ranging from a minimum of 600 square feet to a maximum contiguous space of 1,120 square feet. The property is zoned BC, Community Business, and features abundant on-site parking. Benefit from excellent visibility and high traffic counts, with an average daily traffic volume of 11,000 vehicles, as reported by the Iowa Department of Transportation. The lease is a modified gross rate, with tenants responsible for utilities and internet. This location provides easy access for employees and clients alike, making it an ideal choice for a variety of businesses. The property's APN is 150722600300000. This is a rare opportunity to secure well-located, adaptable office space in a thriving community. Inquire today to learn more about lease terms and available suite configurations.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $770,000

    • CAP approach

      CAP return
      Estimation
      6%
      $690,000
      6.5%
      $710,000
      7%
      $665,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $685,000
      Geo Method
      $755,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $585,000
      Retail
      $755,000
      Mixed-Use
      $640,000
      Hospitality
      $550,000
      Educational
      $750,000
      Residential Income
      $680,000
      Energy
      $660,000
      Income-Based Land
      $710,000
      Food Service
      $615,000

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Linn
    State
    Iowa
    Longitude
    -91.5975
    Latitude
    42.0199
    CBSA code
    16300
    CBSA name
    CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $26,788
    $618,800
    $475,700
    $1,094,500
    -
    $618,800
    $475,700
    $1,094,500

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation
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      5,000 SF

      505 7th Ave

      SHOPPING CENTER, STRIP CENTER • 5,000 SF
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    • Value Estimation
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      2,551 SF

      3350 7th Ave, Unit 110

      SHOPPING CENTER, STRIP CENTER • 2,551 SF
      3350 7th Ave, Marion, IA 52302-3760
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    • Value Estimation by Request
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      295 Tower Ter Rd

      SHOPPING CENTER, STRIP CENTER • 10,431 SF
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    • Value Estimation by Request
      6,614 SF

      6053 Carlson Way

      SHOPPING CENTER, STRIP CENTER • 6,614 SF
      6053 Carlson Way, Marion, IA 52302
      View Details

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    Similar Nearby for Lease

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    1155 Grand Ave
    Marion, IA 52302
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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