901 Ctr St Marshalltown, IA 50158-3215

Property Details for 901 Ctr St

Year built

1997

Construction

FRAME

Lot size

0.62 lot acres

Property size

7,020 SF

Property type

Retail space

APN

8418-35-377-010

APU

841835377010

Description

This exceptional investment opportunity presents a fully leased, 7,020 square foot multi-tenant retail building situated on a 0.62-acre lot in Marshalltown, Iowa. Boasting a prime location with high traffic counts (15,001-20,000 vehicles daily), the property enjoys proximity to major retailers such as Hy-Vee, Walgreens, Fareway, and Taco Johns. The building, constructed in 1997 and extensively renovated in 2017 (with exterior upgrades completed in 2024), features a 100% occupancy rate with a stabilized NOI of $118,495, resulting in a compelling 7.54% cap rate. The asking price is $1,571,040 ($238.60/sq ft). The property includes 40 parking spaces and offers a NNN lease structure, minimizing owner responsibilities. Interior features include 11-14 foot ceilings, concrete slab flooring, central heating and air conditioning, and 220-volt power. The building is equipped with restrooms, security lighting, and signage. City water, sewer, and gas utilities are available. Iowa Premium's prepaid lease will be credited to the buyer at closing. This is a turnkey investment with strong tenant occupancy and significant upside potential. The property is zoned for commercial use and offers a rare opportunity to acquire a high-performing retail asset in a thriving market. The lot dimensions are 27,000 square feet.