Commercial Sale
- 62nd St, Marion, Iowa 52302
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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.

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.

Basic Details
Property Type:
Commercial
Listing Type:
Sale
Listing ID:
202603020
Price:
$1,465,000
Lot Size:
1.48 Acre
Country:
US
State:
IA
County:
Linn
City:
Marion
Zipcode:
52302
Features
Heating:
Natural Gas, None
Cooling System:
No
Roof:
Metal
Construction:
Frame
Address Map
Street Number:
415
Street:
62nd St
Floor Number:
0
Longitude:
W92° 27' 18.6''
Latitude:
N42° 1' 43.6''
More Information
Office Name:
GLD Commercial Real Estate Advisors
Directions:
Hwy 13 to Linn Aire Ave. South on 62nd Street. On the corner of 62nd Street and Partners Ave
Zoning:
M-2
LA1Agent Logon Name:
i2925
LA1Agent First Name:
Angie
LA1Agent Last Name:
Glick
LO1Main Office ID:
IGLD
319.351.1111 - 250 Holiday Road, Coralville, IA 52241
Agent Information
Angie Glick
GLD Commercial Real Estate Advisors
Additional Details
No
Frame
05/06/2026
Hwy 13 to Linn Aire Ave. South on 62nd Street. On the corner of 62nd Street and Partners Ave