415 62nd ST, Marion, IA 52302
415 62nd ST, Marion, IA 52302
415 62nd ST, Marion, IA 52302
3
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$1,465,000
Est. payment /mo
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19,592 SqFt
Active

415 62nd ST Marion, IA 52302

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Tim Scherbring

Tim Scherbring

+1(319) 361-5111

UPDATED:

Key Details

Property Type Commercial

Sub Type Warehouse

Listing Status Active

Purchase Type For Sale

Square Footage 19,592 sqft

Price per Sqft $74

MLS Listing ID 2603192

HOA Y/N No

Total Fin. Sqft 19592

Year Built 2004

Annual Tax Amount $48,490

Lot Size 1.480 Acres

Acres 1.48

Property Sub-Type Warehouse

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.

Location

State IA

County Linn

Area Marion

Zoning M-2

Interior

Interior Features InteriorFeatures

Heating See Remarks

Cooling See Remarks

Flooring Concrete

Inclusions Building, Land

Fireplace No

Exterior

Parking Features Off Street

Utilities Available Electricity Available, Natural Gas Available

Water Access Desc Public

Roof Type Metal

Building

Building Description Frame, Multi-Tenant,Overhead Doors

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Frame

Others

Tax ID 15041-77002-00000

Acceptable Financing Cash, 1031 Exchange

Listing Terms Cash, 1031 Exchange

Virtual Tour https://www.propertypanorama.com/instaview/cdr/2603192

Listed by GLD COMMERCIAL

NEARBY SCHOOL & BUSINESS

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Tim Scherbring

Tim Scherbring

Broker Associate | License ID: 61218000

+1(319) 361-5111

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415 62nd ST