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Property profile & analytics
FOR LEASE
Day care centers

2770 18Th Ave Marion, IA 52302

14,183 SF 1.93 ac lot Built 1960
Entity Owned 12-yr Hold ~ Est. High Equity
Property ID
US25-0055430
Property summary
AI-generated overview

This exceptional 14,183-square-foot commercial property, located at 2770 18th Ave in Marion, Iowa, presents a unique investment opportunity. Built in 1960 and situated on a generous 2.31-acre lot, the single-tenant building boasts a spacious layout ideal for diverse uses. Previously serving as a successful childcare center for over a decade and, before that, a church, the property offers significant adaptability. The building features multiple large rooms, a gym, office space, a sizable kitchen, and two sets of restrooms, all easily accessible via multiple entrances. Ample parking is available with 60+ spaces, plus room for expansion. A detached storage garage is located on the east side of the lot, adjacent to a fenced playground. Currently vacant, this property is zoned for a variety of uses, making it suitable for educational institutions, medical facilities, community centers, or other commercial ventures. The property's location in Marion, IA, 52302, offers excellent visibility and accessibility. The APN is 10314-05000-00000. This is a rare opportunity to acquire a substantial property with significant potential in a thriving Iowa community.

Property profile
Verified
Property type Day care centers
Use group DAY CARE, PRE-SCHOOL
Year built 1960
Total area 14,183 SF
Lot 1.93 ac (84,071 SF)
APN 10-31-4-05-004-0-0000
UPID US25-0055430
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Blend (final) Blend
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Owner & transaction history
Dkinz LLC · 12 yrs held
Dkinz LLC
since 2014
7 recorded transactions
2020
Price N/A
2014
$800,000
2014
$685,000
2004
$575,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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