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Property profile & analytics
OFF-MARKET Estimated value $680,000
Medical Office Space

312 Main St Marshalltown, IA 50158-1888

73,648 SF 2.35 ac lot Built 1992
Individually Owned Free & Clear
Property ID
US25-1372949
Property summary
AI-generated overview

This exceptional 91,694 square foot retail property, located at 312 E Main Street in Marshalltown, Iowa, presents a significant redevelopment opportunity. Situated on a generous 2.35-acre lot in the historic Main Street district, this precast building offers substantial potential for adaptive reuse. The property's existing structure provides a solid foundation for a variety of commercial ventures, with the added benefit of being able to incorporate additional windows to enhance natural light and aesthetics. This prime location is poised for significant growth, benefiting from a planned revitalization initiative that includes the construction of new housing, a vibrant downtown park, and a modern conference center/hotel. The sale price is negotiable, making this an attractive investment for developers and entrepreneurs seeking a high-impact project in a thriving community. The property's size and location within the historic district offer unique advantages for creating a landmark commercial development. The existing building's sturdy construction provides a cost-effective starting point for a comprehensive renovation or repurposing project. This is a rare chance to be part of Marshalltown's exciting future. The property's zip code is 50158, and its coordinates are 42.0497639 latitude and -92.9065953 longitude. This presents a unique opportunity to capitalize on the planned growth and revitalization efforts in the area.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1992
Total area 73,648 SF
Lot 2.35 ac (102,168 SF)
Zoning code OP
APN 8418-26-482-031
UPID US25-1372949
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
Current use
Occupant on record · Public records
  • Cory Oswald, DPT Physician
  • Paula Neutzling, PTA Physician
  • Rebecca Steimel, PT, DPT Physician
  • Smitha Kurra, MD Pediatrician Physician
  • Katie Lutyens, PA-C Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$680k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$680k
Owner & transaction history
UNITYPOINT HEALTH MARSHALLTOWN
UNITYPOINT HEALTH MARSHALLTOWN
Zoning & alternative use
OP · Marshalltown, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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