For Sale

Marion Public Works Building

105/195 35th Street,
Marion, IA 52302

Asset Snapshot

Assisted Living
Industrial Subtype
1993
Year Built
1
Floor Count
4.22 Acres
Land Area

Offering Summary

Investment Overview

Value-add opportunity on 4.22 acres offered by the City of Marion. The 195 Building will require improvements, so a buyer can renovate, reposition, or redevelop it to fit their needs. The 105 Building comes with in-place income: the City will sign a sale-leaseback and keep running its recycling center there until its new facility is finished. The former 107 Building has been demolished, leaving open land for parking, outdoor storage, expansion, or new development. The property will be subdivided before closing, and a joint easement and maintenance agreement will be set up along the south side of the property. This is a good fit for an investor, owner-user, or developer looking for a larger site with built-in upside. Contact listing agent for details.


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Listing Syndicated From

Buildout
Accepting Offers
$1,750,000
Asking Price

Investment Sales Broker

Angie Glick-Martin, SIOR
GLD Commercial

Market Insights