415 62nd St, Marion, IA 52302
Linn County
Key Facts
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.
Property Information
Property Type
Commercial Sale
Year Built
2004
Lot Size
1.48 acres
Zoning
M-2
MLS® Listing#
202603020
Property Features
Cooling
Heating
Flooring
Construction
Roof
Utilities
Water Source
Financial Details
Annual Taxes
$34,294
Tax year 2024
Parcel Number
15041-77002-00000
Directions
Hwy 13 to Linn Aire Ave. South on 62nd Street. On the corner of 62nd Street and Partners Ave
Affordability Calculator
$293,000
Estimated monthly payment
$7,797/mo
Principal $1,172,000 · Est. interest $1,635,044 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Marion, IA
- $404,000
- Median Listing Price
- 68
- Median Days on Market
- 2,322
- Median Sq Ft
- $165
- Median Price / Sq Ft
- 136
- Active Listings
- This home’s price is 263% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Marion, IA.
Location
Points of Interest in Marion, IA
Showing the Marion area map.
Nearby Schools
Linn Grove Elementary School
Elementary · 1.3 mi away
Linn Mar Stadium
School · 1.7 mi away
Linn-Mar Community Schools
Secondary · 1.7 mi away
Longfellow Elementary
Elementary · 1.9 mi away
Francis Marion Intermediate School
Elementary · 2.2 mi away
Wilkins Elementary School
Elementary · 2.2 mi away
Marion Independent School District
School · 2.5 mi away
Marion High School
Secondary · 2.5 mi away
Starry Elementary School
Elementary · 2.6 mi away
Emerson Elementary School
Elementary · 2.6 mi away
Vernon Middle School
Secondary · 2.6 mi away
St Joseph Catholic School
School · 2.7 mi away
Indian Creek Elementary School
Elementary · 2.9 mi away
Linn-Mar High School
Secondary · 3.3 mi away
Excelsior Middle School
Secondary · 3.4 mi away
Novak Elementary School
Elementary · 3.4 mi away
Cedar Valley Christian School
School · 4.3 mi away
Bowman Woods Elementary School
Elementary · 4.4 mi away
Caring Corner
School · 4.5 mi away
Linn-Mar Community Schools
Secondary · 4.6 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| Tower Terr Rd/3rd St 2.71Ac, Marion, IA | $1,032,916 | — | — | — |
| Tower Terr Rd/3rd St 2.71Ac, Marion, IA | $1,032,916 | — | — | — |
| 4355 29th Avenue, Marion, IA | $1,050,000 | — | — | — |
| 4355 29th Ave, Marion, IA | $1,050,000 | — | — | — |
| 2700 7th Avenue Lot B, Marion, IA | $1,058,508 | — | — | — |
| 2700 7th Ave, Marion, IA | $1,058,508 | — | — | — |
Moving Cost Estimate
EXIT Agents in Marion
Listing Courtesy: GLD Commercial Real Estate Advisors - 3197313410
Presented by: Angie Glick