Property profile

958 7Th Ave Marion, IA 52302

FOR LEASE
Commercial real estate
Property ID
US25-0147707
2,265 SF 0.07 ac lot Built 1900
Entity Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional mixed-use build-to-suit opportunity is located in the heart of Downtown Marion, Iowa, at 958 7th Ave, zip code 52302. The property, situated on a 0.06-acre lot in Linn County, offers a total building area of 2,875 square feet. Currently, one retail space of 1,500 square feet is available. The property's zoning allows for a variety of uses, including retail, medical, office, and potentially a multifamily component, making it highly versatile and adaptable to a wide range of business needs. Conceptual renderings are already available, streamlining the development process. This presents a unique chance for a tenant to own a property with a low land basis, offering significant long-term value and control. The property is ideally suited for businesses seeking a prominent location in a thriving downtown area. The multiple tenancy option allows for flexibility in design and use, catering to diverse business requirements. This build-to-suit opportunity provides a chance to create a space perfectly tailored to your specific needs and vision. The property's central location in Marion, Iowa offers excellent visibility and accessibility.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1900
Total area 2,265 SF
Lot 0.07 ac (3,049 SF)
APN 14-01-1-09-007-0-0000
UPID US25-0147707

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

958 7Th Ave Marion, IA 52302
Marion metro Census 300 CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$180k

Owner & transaction history

since 2018
2 recorded transactions
2018
$25,000
2014
$25,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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