Commercial For Sale
5,000 Sqft - 501 7th Avenue, Marion, Iowa 52302
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Description

Fantastic investment opportunity with a regional franchisee operating over 20 Anytime Fitness locations. 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 renovation and addition in 2017 including new HVAC, new roof in 2020, new parking lot asphalt in 2022. Great location and traffic count!

Property Description

Fantastic investment opportunity with a regional franchisee operating over 20 Anytime Fitness locations. 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 renovation and addition in 2017 including new HVAC, new roof in 2020, new parking lot asphalt in 2022. Great location and traffic count!

Basic Details
Property Type:
Commercial
Listing Type:
For Sale
Listing ID:
2303920
Price:
$999,950
Beds:
0
Total Full Baths:
0
Baths:
0
Half Bathrooms:
0
Square Feet:
5,000 Sqft
Construction Year:
1999
Lot Size:
0.53 Acre
Country:
US
State:
IA
County:
Linn
City:
Marion
Zipcode:
52302
Status Category:
Active
Features
Heating Fuel:
Central
Cooling System:
Central Air
Parking:
Off Street
Roof:
Shingle, Asphalt
Possession:
Subject To Tenant Rights
Address Map
Street:
501 7th Avenue
Floor Number:
0
Longitude:
W92° 23' 43''
Latitude:
N42° 1' 58.9''
More Information
Office Name:
SKOGMAN REALTY COMMERCIAL
Directions:
7th Ave Marion to 501
Zoning:
Comm
Lot Dimensions:
Irregular
LA1Agent Logon Name:
hoffmankarl121
LA1Agent First Name:
Karl
LA1Agent Last Name:
Hoffman
LO1Main Office ID:
CSKN05
PriceChangeTimestamp:
09-17-2023
319.351.1111 - 250 Holiday Road, Coralville, IA 52241
Agent Information
Karl Hoffman
SKOGMAN REALTY COMMERCIAL
Additional Details
Central Air
Subject To Tenant Rights
11/08/2023
7th Ave Marion to 501
Irregular