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    FOR SALE
    Commercial real estate

    448 7Th Ave, Marion, IA 52302

    1,996 SF 0.17 ac lot Built 1900
    Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US25-0333382
    Property summary
    AI-generated overview

    This beautifully remodeled two-story office building, located at 448 7th Avenue in Marion, IA, presents a unique investment opportunity. Situated on a 0.17-acre lot at the main entrance to Marion's historic Uptown district, this property boasts high visibility and significant foot traffic. The building features updated electrical systems both internally and externally, along with a convenient off-street rear parking lot. Accessibility is ensured through handicap-accessible design. Ideal for a boutique shop, tearoom, or centrally located offices, this turnkey property is ready for immediate occupancy. The upper level includes a remodeled apartment with its own entrance, providing additional income potential and enhancing the investment's cash flow. The building also includes valuable amenities such as an owned water softener and dehumidifier, a clean and dry basement, and a garage equipped with hot and cold running water and a drain. The flexible floor plan allows for the creation of larger rooms by opening existing walls. First-floor features include a washer/dryer hookup and two bathrooms. A new glass front door adds to the property's modern appeal. The asking price for this exceptional property is $225,000.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1900
    Total area 1,996 SF
    Lot 0.17 ac (7,405 SF)
    APN 14-01-1-31-018-0-0000
    UPID US25-0333382
    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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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Jdk Holdings LLC · 4 yrs held
    Jdk Holdings LLC
    since 2022
    Last sale
    $199,000
    1 recorded transaction
    2022
    $199,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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