1465 Red Fox Way Marion, IA 52302
- Commercial real estate
- 0.80 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1465 Red Fox Way
- Lot size
- 0.80 lot acres
- Property type
- Commercial real estate
- APN
- 10-33-3-76-001-0-0000
- APU
- 103337600100000
Description
This exceptional commercial land offering in Marion, Iowa, presents a rare opportunity for development. Comprising two parcels totaling 2.48 acres (Lot 1: 1.27 acres, Lot 2: 1.21 acres), this property boasts unparalleled visibility from Business 151 State Highway and direct Highway 13 frontage. The land is strategically located within a major trade area, just four miles from the Marion Airport and in close proximity to a Super Walmart. Significant advantages include a fully controlled intersection at Pawnee Ave and Hennessey Parkway (completion anticipated in Q3), ensuring excellent accessibility. The sites are fully prepared for immediate building, complete with all necessary utilities and access points. This prime location benefits from the recent development at Squaw Creek Crossing, featuring established businesses such as Kwik Star, Dupaco, and Country Inn & Suites. Furthermore, the proposed Prospect Meadows, a 17-field baseball and softball complex, is situated nearby, promising increased traffic and community engagement. The land is priced at $10 per square foot, reflecting its exceptional location and development-ready status. This is an ideal investment for businesses seeking high visibility and convenient access within a thriving commercial area. The property's location and infrastructure make it an attractive option for a wide range of commercial ventures.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $255,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $340,000
- 6.5%
- $320,000
- 7%
- $330,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $285,000
- Geo Method
- $320,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $280,000
- Retail
- $340,000
- Mixed-Use
- $325,000
- Hospitality
- $310,000
- Educational
- $300,000
- Residential Income
- $320,000
- Energy
- $380,000
- Income-Based Land
- $285,000
- Food Service
- $305,000
Location Insight
- Map
- Local Demand
- City
- Marion
- County
- Linn
- State
- Iowa
- Longitude
- -91.5513
- Latitude
- 42.0391
- CBSA code
- 16300
- CBSA name
- CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA