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    OFF-MARKET
    Warehouses

    805 50th St, Marion, IA 52302-3852

    5,760 SF 1 ac lot Built 1990
    Entity Owned 5-yr Hold Absentee Owner Free & Clear
    Property ID
    US25-0344179
    Property summary
    AI-generated overview

    This exceptional 13,000-square-foot industrial property in Marion, Iowa, presents a unique opportunity for businesses seeking ample space and versatile functionality. Situated on a one-acre lot, this property boasts four separate buildings, offering a diverse range of options for operations and storage. The main building, comprising approximately 6,000 square feet, features three offices, a reception area, a break room with a sink, two restrooms, and five shop bays equipped with two furnaces. One bay is conveniently fitted with a service pit, while another is specifically designed for vehicle washing, complete with a built-in pressure washer and floor drain. A second building, located at the rear of the property, adds another approximately 6,000 square feet of space with five bays and a furnace for two of the bays. Two smaller structures, a small office building and a small warehouse, are situated on the southwest corner of the property. Ten drive-in doors provide easy access, complemented by an outdoor dock for efficient loading and unloading of materials. The property is zoned for Business Regional use and features 220-volt power. Previously occupied by a successful concrete contractor, this property offers significant potential for a variety of industrial and commercial uses. The ample space, multiple buildings, and outdoor storage area make this an attractive option for businesses requiring substantial operational space. The Linn County location provides convenient access to transportation routes and local amenities. The property's APN is 150422600400000.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1990
    Total area 5,760 SF
    Lot 1 ac (43,560 SF)
    APN 15-04-2-26-004-0-0000
    UPID US25-0344179
    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
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    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
    Cb Property Investments LLC · 5 yrs held
    Cb Property Investments LLC
    since 2021
    4 recorded transactions
    2021
    2019
    2015
    2012
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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