2770 18Th Ave Marion, IA 52302
For Lease
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.