415 62nd St, Marion, IA 52302
415 62nd St, Marion, IA 52302
415 62nd St, Marion, IA 52302
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JJ Johannes

JJ Johannes

+1(319) 540-1002
$ 1,465,000
Est. payment | /mo

0.45 Acres Lot

Save
$ 1,465,000
Est. payment | /mo
Save

0.45 Acres Lot

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 SCHOOLS & PROPERTIES

JJ Johannes

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(319) 540-1002

jj@thejohannesgroup.com

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415 62nd St