Residential Sale
- 9th Ave, Marion, Iowa 52302
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Description

Rare opportunity describes this investment property located just two blocks North of Marion’s City Square and thriving downtown. Fully occupied, this property has a large commercial space and storefront on the main floor and three residential units on the top floor. The lower level includes on-site laundry, storage, and a half bath. The main floor commercial space currently houses Janna McCalley Interiors and has been almost entirely renovated into a stunning design studio and store. The second floor includes two, one bedroom, one bath units and a studio apartment. Rents are currently set at $750 per month each for the one bedroom units; $500 for the studio apartment; and $1,334 per month for the main floor commercial space. On-site laundry generates some additional income. The lower-level secure storage room is an opportunity for additional income as well and has been rented in the past. Parking is currently included in the rent. This building has been quite well-maintained and improved by the current owners. More information available upon request.

Property Description

Rare opportunity describes this investment property located just two blocks North of Marion’s City Square and thriving downtown. Fully occupied, this property has a large commercial space and storefront on the main floor and three residential units on the top floor. The lower level includes on-site laundry, storage, and a half bath. The main floor commercial space currently houses Janna McCalley Interiors and has been almost entirely renovated into a stunning design studio and store. The second floor includes two, one bedroom, one bath units and a studio apartment. Rents are currently set at $750 per month each for the one bedroom units; $500 for the studio apartment; and $1,334 per month for the main floor commercial space. On-site laundry generates some additional income. The lower-level secure storage room is an opportunity for additional income as well and has been rented in the past. Parking is currently included in the rent. This building has been quite well-maintained and improved by the current owners. More information available upon request.

Basic Details
Property Type:
Residential
Listing Type:
Sale
Listing ID:
202603443
Price:
$375,000
Beds:
0
Total Baths:
0
Baths:
0
Half Bathrooms:
0
Construction Year:
1968
Country:
US
State:
IA
County:
Linn
City:
Marion
Zipcode:
52302
Subdivision:
NA
Property Sub Type:
MultiFamily
Features
Heating:
Natural Gas, Forced Air
Cooling System:
Central Air
Parking:
Off Street
Basement:
Full, Unfinished
Construction:
Brick
Address Map
Street Number:
1080
Street:
9th Ave
Floor Number:
0
Longitude:
W92° 24' 5.9''
Latitude:
N42° 2' 6.8''
More Information
Office Name:
Skogman Realty Co.
Elementary School:
Longfellow
Jr./Middle School:
Vernon
High School:
Marion
Directions:
From 10th St, east on 9th Ave
Zoning:
Commercial
Lot Dimensions:
Irr
LA1Agent Logon Name:
i1944
LA1Agent First Name:
Cory
LA1Agent Last Name:
Rath
LO1Main Office ID:
ISCR
319.351.1111 - 250 Holiday Road, Coralville, IA 52241
Agent Information
Cory Rath
Skogman Realty Co.
Additional Details
Central Air
Full, Unfinished
Brick
05/27/2026
From 10th St, east on 9th Ave
Irr