1515 Marshall St Boone, IA 50036-5312
- Office buildings
- 2,006 SF
- 0.29 lot acres
Current Use by Public Records
- Jakes Fireworks / Fireworks Store
- Walmart Business Center / Office Equipment Repair Service / Office Furniture Store
- Primo Water Refill & Exchange / Bottled Water Supplier
- Walmart Money Center / Money Transfer Service / Money Order Service
- Walmart Tech Services / Computer Service / Television Repair Service
Property Details for 1515 Marshall St
- Year built
- 1981
- Lot size
- 0.29 lot acres
- Property size
- 2,006 SF
- Zone code
- INC
- Property type
- Office buildings
- APN
- 88426334282050
- APU
- 88426334282050
Description
This exceptional 2.01-acre commercial land parcel presents a unique investment opportunity in Boone, Iowa. Strategically located at the intersection of Highway 30, this property enjoys high visibility and accessibility, ensuring significant exposure to a substantial daily traffic volume. Its proximity to the popular Boone Speedway further enhances its appeal and potential for attracting a diverse customer base. The land is currently designated as a Walmart outlot, offering immediate recognition and brand association. While the lot will require re-platting, this presents a chance to tailor the space to specific development needs, maximizing its potential value. The property's address is 1515 SE Marshall St, Boone, IA 50036, situated within Boone County. Detailed site plans and surveys are available upon request. This prime location in a thriving community makes this a compelling opportunity for businesses seeking a high-impact presence in a well-established market. The property's size and location make it suitable for a variety of commercial developments, offering significant potential for return on investment. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial land offering.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $230,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $195,000
- 6.5%
- $190,000
- 7%
- $190,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $180,000
- Geo Method
- $190,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $195,000
- Retail
- $185,000
- Mixed-Use
- $170,000
- Hospitality
- $180,000
- Educational
- $220,000
- Residential Income
- $200,000
- Energy
- $185,000
- Income-Based Land
- $170,000
- Food Service
- $175,000
Location Insight
- Map
- Local Demand
- City
- Boone
- County
- Boone
- State
- Iowa
- Longitude
- -93.8788
- Latitude
- 42.0387
- CBSA code
- 11180
- CBSA name
- AMES, IA METROPOLITAN STATISTICAL AREA
