3
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$1,465,000
Est. payment /mo
0.45 Acres Lot
Active
415 62nd St Marion, IA 52302
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Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202603020
Year Built 2004
Annual Tax Amount $34,294
Tax Year 2024
Lot Size 0.450 Acres
Acres 1.48
Property Sub-Type Commercial
Property Description
Fully leased industrial property in Marion consisting of two buildings on a single parcel. The property includes 12 units ranging in size from approximately 466 SF to 2,850 SF, providing a mix of small-bay spaces. The property has maintained strong historical occupancy and offers consistent in-place income. Leases are currently structured on a gross basis, presenting an opportunity to transition to NNN and improve expense recovery. Additional upside may be achieved through modest improvements and rent adjustments.
Location
State IA
County Linn
Zoning M-2
Direction Hwy 13 to Linn Aire Ave. South on 62nd Street. On the corner of 62nd Street and Partners Ave
Interior
Heating Natural Gas, None
Cooling None
Flooring Concrete Slab Grade
Exterior
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, City Water
Roof Type Metal
Building
Lot Size Range One To Two Acres
Structure Type Frame
Others
Tax ID 15041-77002-00000
Acceptable Financing Cash, Exchange, Other
Listing Terms Cash, Exchange, Other
Special Listing Condition Standard
Listed by GLD Commercial Real Estate Advisors
NEARBY SCHOOL & BUSINESS
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