For Auction
$1 Auction – 1.99 Acre Parcel | Dollar General Market Adjacent | Marengo, IA
Marengo, IA 52301Represented by
Marcus & Millichap
Asset Snapshot
Offering Summary
Investment Highlights
- ±1.99 Acres of Land Adjacent to Dollar General Market in Marengo, Iowa; 35 miles Southwest of Cedar Rapids
- ±2,994 VPD Traffic Counts on Us Hwy 6 and near Intersection of Western Ave with ±2,835 VPD
- Demand Drivers Nearby: Big G Foods, True Value Hardware, Casey’s Gas, Marengo Farm & Home, Carquest, Keystone Savings Bank, and more
- Zoned C-2, Commercial for a Variety of General Commercial Uses & Activities
- Attractive Demographics with Population of ±11,091 Individuals and Annual Household Income of ±$88,589 (10-Mile Radius)
- Absolute $1 Auction - NO RESERVE
Offering Summary
Marcus & Millichap, in conjunction with RI Marketplace, is pleased to present a ±1.99-acre land parcel located at 225 Dillin Street (the “Property”) in Marengo, Iowa. This Property offers an exceptional investment opportunity via development and FIRST BID MEETS RESERVE!The Property is a ±1.99-acre parcel situated adjacent to Dollar General Market with access on US Hwy 6 with traffic counts of 2,994 vehicles per day and near Western Avenue with traffic counts of ±2,835 vehicles per day. The Property benefits from proximity to Big G Foods, True Value Hardware, Casey’s Gas, Marengo Farm & Home, Carquest, Keystone Savings Bank, and more. The Property is zoned C-2 Commercial, making this site suitable for a variety of commercial uses.
Marengo, Iowa, the county seat of Iowa County, is positioned along U.S. Route 6 and near Interstate 80. The town is located approximately 35 miles southwest of Cedar Rapids and 30 miles west of Iowa City, home to the University of Iowa. The Property is easily accessible and is ideally positioned just 8-miles north of the highly trafficked I-80 offering regional connectivity. The Property benefits from strong demographics with a population of 11,091 residents and an average household income of $88,589 within a 10-mile radius.
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5% or $20,000 minimum
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
