405 Main St Marshalltown, IA 50158-1928
Property Lookup
Property profile & analytics
405 Main St Marshalltown, IA 50158-1928
- Medical Office Space
- 8,148 SF
- 5.77 lot acres
Property ID
US25-1327589
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Bonte Gbemudu / Pediatrician / Physician
- Mattie Testroet A.R.N.P. / Physician
- mmsc marshalltown clinic / Physician
- Dr. Thomas Ambrose / Physician
- Arnold Delbridge / Physician
Property Details for 405 Main St
- Year built
- 1965
- Lot size
- 5.77 lot acres
- Property size
- 8,148 SF
- Zone code
- OP
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 8418-35-226-005
- APU
- 841835226005
Description
This exceptional 231,400 square foot former hospital complex presents a unique redevelopment opportunity. Situated on a 7.04-acre lot in Marshalltown, Iowa's Downtown Urban Renewal District, this six-building, six-story property offers significant potential for mixed-use development. The city actively supports a major redevelopment project, providing access to substantial financial incentives, including tax abatement and Tax Increment Financing (TIF) rebates. Previously owned and operated by Unity Point, the property boasts 241 parking spaces and is zoned MU. Renovations were completed in 2004 and 2007. The property, vacant since Spring 2022, is ideally suited for a variety of uses, including market-rate and/or low-income multifamily housing, senior housing, assisted living facilities, retail, restaurants, and medical/office spaces. The seller is open to considering 1031 exchanges and offering financing up to 50% of the purchase price for qualified buyers. A one-week due diligence period is offered, with a fully refundable 5% earnest money deposit. The property's address is 405 E Main St, Marshalltown, IA 50158, and its APN is 8418-35-226-002, 005, and 006. A virtual tour is available.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Marshalltown
- County
- Marshall
- State
- Iowa
- Longitude
- -92.9066
- Latitude
- 42.0485
- CBSA code
- 32260
- CBSA name
- MARSHALLTOWN, IA MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$132,122
$565,520
$1,439,940
$2,005,460
-
$565,520
$1,439,940
$2,005,460
