501 7th Avenue Marion IA, MLS 2408145

501 7th Avenue, Marion, IA 52302

MLS Number: 2408145 | Subtype: Commercial | Area: Marion

$ 1,099,000

Fantastic investment opportunity with a regional Anytime Fitness franchisee that just completed a $50,000 interior refresh. 3.5 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/exterior renovation and addition in 2017 including new HVAC, new roof in 2020, new parking lot asphalt in 2022. Highly visible location with a strong traffic count!

Property

County: Linn
Lot Size: Irregular
Acres: 0.0000

Year Built: 1999
Zoning: Comm
Gross tax: $15,782.00

Building

Total Building SF: 5,000
Ceiling Height: 11ft-14ft

Utilities

Utilities: Electricity Available, Natural Gas Available
Heating/Cooling: Central Heat, Gas Heat, Central Air
Water Source: City Water
Sewer: City Sewer

Lease Terms

Lease Type: Modified
Tenant Pays: Electricity, Janitorial Service, Taxes, Trash Collection, Water

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501 7th Avenue, Marion, IA 52302

Property

Building

Utilities

Lease Terms

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