448 7Th Ave, Marion, IA 52302
For Sale
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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.
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.