415 62nd Street, Marion, IA 52302
MLS Number: 2603192 |
Subtype: Commercial | Area: Marion
$
1,465,000
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
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County: Linn
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Lot Size: 1.48
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Acres: 1.4800
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Year Built: 2004
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Zoning: M-2
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Gross tax: $48,490.00
Building
Total Building SF: 19,592
Ceiling Height: 7ft-10ft, 11ft-14ft
Utilities
Utilities: Electricity Available, Natural Gas Available
Heating/Cooling: See Remarks Heat, See Remarks
Water Source: City Water
Sewer: City Sewer
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