Commercial Sale
- 7th AVE, Unit 220, Marion, Iowa 52302-5741
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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.

Property 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.

Basic Details
Property Type:
Commercial
Listing Type:
Sale
Listing ID:
202602994
Price:
$899,000
Lot Size:
0.53 Acre
Country:
US
State:
IA
County:
Linn
City:
Marion
Zipcode:
52302-5741
Unit #:
220
Features
Heating:
Central, Natural Gas
Cooling System:
Central Air
Roof:
Composition
Construction:
Frame
Address Map
Street Number:
501
Street:
7th AVE
Floor Number:
0
Longitude:
W92° 23' 42.5''
Latitude:
N42° 1' 58.9''
More Information
Office Name:
Skogman Realty Co.
Directions:
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.
Zoning:
Comm
Lot Dimensions:
Irregular
LA1Agent Logon Name:
i3357
LA1Agent First Name:
Tim
LA1Agent Last Name:
Nash
LO1Main Office ID:
ISCR
319.351.1111 - 250 Holiday Road, Coralville, IA 52241
Agent Information
Tim Nash
Skogman Realty Co.
Additional Details
Central Air
Frame
05/06/2026
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.
Irregular