Property Description

Fantastic investment opportunity with a regional Anytime Fitness franchisee that just completed a $50,000 interior refresh. 3.5 years remaining on a 6-year lease, with rate bumps. Tenant is responsible for property taxes; LL pays for maintenance and building insurance. The building is in great shape with lots of recent improvements including: Full interior/exterior renovation and addition in 2017 including new HVAC, new roof in 2020, new parking lot asphalt in 2022. Highly visible location with a strong traffic count!

Features
: Central, Gas
: Central Air
: Concrete
: Public Sewer
: Electricity Available, Natural Gas Available
: Display Window(s)
Address Map
IA
Linn
Marion
52302
7th
501
Avenue
W92° 23' 43''
N42° 1' 58.9''
7th Ave (Hwy 151) in Marion to 501
Marion
Comm
MLS Addon
SKOGMAN REALTY COMMERCIAL
Karl Hoffman
Sqft0
Sqft0
Sqft0
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Sqft0
Additional Information
: Frame
220 Volts
: One
Irregular
2024-12-02
1099000
1
1
: Public
Financial
15782.0
Listing Information
hoffmankarl121
CSKN05
Cash
Active
2025-07-14T17:03:04Z
CDR
2025-07-14T12:02:20Z

501 7th Avenue, Marion, Iowa 52302 - Commercial Sale For Sale

501 7th Avenue, Marion, Iowa 52302

5,000 Sqft
$1,049,000
Listing ID #2408145
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 2408145
Price : $1,049,000
Square Footage : 5,000 Sqft
Year Built : 1999
Status : Active
F 150 : Off Street
Property Sub Type : Investment
Roof : Asphalt, Shingle
Agent info
Twenty40 Real Estate + Development
2496 Roycroft Alley
Contact Agent