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Description

Turnkey investment opportunity featuring a regional Anytime Fitness franchisee in a highly visible, high-traffic location. Recently completed a $50,000 interior refresh, demonstrating continued commitment to the space and long-term operation. There are just under 2 years remaining on the current 6-year lease, which includes scheduled rental increases. Tenant is responsible for property taxes, while the landlord covers maintenance and building insurance. The property has been well maintained with significant capital improvements, including a full interior and exterior renovation with an addition in 2017 (new HVAC installed at that time), a new roof in 2020, and new asphalt parking lot in 2022. Strong tenant, solid improvements, and excellent visibility make this a compelling addition to any investment portfolio.

Listing ID #202602994

Commercial Sale

501 7th AVE Unit 220
Marion, Iowa 52302-5741

$899,000
Lot Size0.53 Acre
Country : US
State : IA
County : Linn
City : Marion
Zipcode : 52302-5741
StatusActive
Listing Agent
Tim Nash
Skogman Realty Co.
Mortgage Calculator
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Features
202602994
Frame
From I-380 headed North, take exit 22 for 29th ST, Take right on 29th ST NE/Coldstream Ave NE, Take a LEFT on 1st AVE NE. Take 1st AVE all the way into Marion where it will turn into 7th AVE. Property is on the RIGHT after Villas Patio Restaurant.
Additional Details
0.53 Acre
Central Air
Central, Natural Gas
Composition
05-06-2026
Irregular

Information on this page deemed reliable, but not guaranteed to be accurate. Listing information was entered by the listing agent and provided by ICAAR (Iowa City Area Association of REALTORS®) MLS and CRAAR (Cedar Rapids Area Association of REALTORS®) MLS. Urban Acres claims no responsibility for any misinformation, typographical errors, or misprints displayed from the MLS sources.

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