Property summary
This exceptional 5,200 square foot commercial property, situated on a spacious 2.03-acre lot at 713 S 12th Street in Marshalltown, Iowa, presents a remarkable investment opportunity. Built in 2006 as a daycare center, this building boasts a proven history of successful operation, previously accommodating approximately 75 children. The layout is thoughtfully designed with multiple classrooms, a fully equipped commercial kitchen, ample bathrooms, and substantial storage areas. The property features a large fenced outdoor play area, providing a safe and secure environment for children. Convenient parking is readily available, and the location offers excellent visibility and accessibility off a main road. The interior is largely move-in ready, minimizing the need for extensive renovations. This turnkey solution is perfect for an entrepreneur looking to establish or expand a daycare or preschool business, or for an investor seeking a strong return on investment in a well-established building with significant potential. The property's size, layout, and history make it an ideal choice for a variety of commercial uses, offering a rare combination of functionality and location. The asking price is $349,900. Don't miss this chance to acquire a valuable asset in a thriving community.
Property profile
VerifiedCap rate & NOI
Current use
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Charitable Organization Social Service Agency
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Daycare Center
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
R-2 · Marshalltown, IAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for R-2 in Marshalltown, IA.
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