1000 7th Avenue

    Marion, IA 52302
    • $500,000
    • STATUS: Active
    • ON SITE: 25 days
    • MLS #: 1906255
    UPDATED: 31 min ago
    $500,000
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 13,784
      SQFT
    • $36
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1880
    County:
    Area:

    School Ratings & Info

    Description

    HERE'S BUYING POWER! 13,784 SQUARE FEET BUILDING WITH NEARLY 20,000 CARS A DAY TRAFFIC COUNT. LABELED ONE OF THE HISTORIC JEWELS TO THE CITY OF MARION ACROSS FROM MARION SQUARE PARK. EXPANDABLE LOWER LEVEL OPTION NOT INCLUDED IN SQUARE FEET WITH WALK UP STAIRS TO THE WEST (10TH ST) AND SOUTH (ART ALLEY). ZONED COMMERCIAL WITH NUMEROUS BUILD OUT OPPORTUNITIES. NORTH, WEST, AND SOUTH SIGNAGE AVAILABLE ON THE BUILDING OR SHOWROOM WINDOWS. MAIN LEVEL 6,792 COMMERCIAL, SECOND LEVEL CURRENTLY ZONED MULTI FAMILY. 7 RESIDENTIAL APARTMENTS ON THE SECOND FLOOR WITH REMODEL OPPORTUNITY TO SHOWCASE SOUTH, WEST, AND NORTH FACING VIEWS OF THE PARK AND ART ALLEY. 12 GAS METERS, 15 ELECTRICAL METERS, 11 WATER METERS ALLOWS INCOME POTENTIAL TO SUBLET THE BUILDING. NORTH OF THE BUILDING COURTYARD OWNED TO THE ART ALLEY WAY AND DINING OPTIONS. THE CITY OF MARION HAS AN EASEMENT FOR AN ART PIECE IN THE COURTYARD. MAIN STREET IOWA CHALLENGE GRANT OPTION AVAILABLE FOR $75,000 NOT REQUIRED. DETAILS AND CONTACT ATTACHED. NEW LEAF HISTORICAL SOCIETY BUILDING GRANT ALSO AVAILABLE BUT NOT REQUIRED. 25% CREDIT STATE, 20% CREDIT FEDERAL, DETAILS AND CONTACT ATTACHED. TWO TENANTS ON THE MAIN PAYING MONTHLY WITH INCOME STATEMENTS AVAILABLE UPON REQUEST. FRONT OF THE BUILDING FACING SOUTH HAS 3 PUBLIC ACCESS DOORS, SECOND FLOOR MULTI FAMILY DOOR IS ON 7TH AVENUE, WEST SIDE OF THE BUILDING HAS 3 WALK DOWN STAIRS WITH RAILING TO THE LOWER LEVEL, NORTH OF THE BUILDING HAS A MAIN FLOOR WALK OUT DOOR, 2 SECOND FLOOR BALCONY DOORS AND 2 LOWER LEVEL ACCESS DOORS. MAIN FLOOR CEILING HEIGHT 12 FEET, UPDATED ELECTRICAL PANELS, 220 VOLTAGE, HVAC UPDATES WITH ZONING AND NEW TRUNK LINES, UPDATED WATER LINES WITH FLEX PIPING, VANILLA BOX MAIN FLOOR WITH THE EXCEPTION OF THE TWO TENANTS OCCUPIED. OFF STREET PARKING, HIGH FOOT TRAFFIC VISIBILITY IN THE HEART OF THE CITY. EXCELLENT INCOME OPPORTUNITY WITH PRIDE OF OWNERSHIP. *BUILDING INCLUDES 1000-1030 7TH AVENUE & 739-741 10TH STREET.

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    © 2019 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Graf Home Selling Team & Associates. Data last updated: 2019-09-17T12:42:39.16.
    www.cedarrapidsareahomes.com/homes/98201834

    1000 7th Avenue Marion, IA 52302

    • Price: $500,000
    • Status: Active
    • Updated: 31 min ago
    • MLS #: 1906255
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    13,784
    SQFT
    $36
    $/SQFT
    1880
    Built
    Neighborhood:
    Marion
    County:
    Linn
    Area:
    Marion
    Property Description
    HERE'S BUYING POWER! 13,784 SQUARE FEET BUILDING WITH NEARLY 20,000 CARS A DAY TRAFFIC COUNT. LABELED ONE OF THE HISTORIC JEWELS TO THE CITY OF MARION ACROSS FROM MARION SQUARE PARK. EXPANDABLE LOWER LEVEL OPTION NOT INCLUDED IN SQUARE FEET WITH WALK UP STAIRS TO THE WEST (10TH ST) AND SOUTH (ART ALLEY). ZONED COMMERCIAL WITH NUMEROUS BUILD OUT OPPORTUNITIES. NORTH, WEST, AND SOUTH SIGNAGE AVAILABLE ON THE BUILDING OR SHOWROOM WINDOWS. MAIN LEVEL 6,792 COMMERCIAL, SECOND LEVEL CURRENTLY ZONED MULTI FAMILY. 7 RESIDENTIAL APARTMENTS ON THE SECOND FLOOR WITH REMODEL OPPORTUNITY TO SHOWCASE SOUTH, WEST, AND NORTH FACING VIEWS OF THE PARK AND ART ALLEY. 12 GAS METERS, 15 ELECTRICAL METERS, 11 WATER METERS ALLOWS INCOME POTENTIAL TO SUBLET THE BUILDING. NORTH OF THE BUILDING COURTYARD OWNED TO THE ART ALLEY WAY AND DINING OPTIONS. THE CITY OF MARION HAS AN EASEMENT FOR AN ART PIECE IN THE COURTYARD. MAIN STREET IOWA CHALLENGE GRANT OPTION AVAILABLE FOR $75,000 NOT REQUIRED. DETAILS AND CONTACT ATTACHED. NEW LEAF HISTORICAL SOCIETY BUILDING GRANT ALSO AVAILABLE BUT NOT REQUIRED. 25% CREDIT STATE, 20% CREDIT FEDERAL, DETAILS AND CONTACT ATTACHED. TWO TENANTS ON THE MAIN PAYING MONTHLY WITH INCOME STATEMENTS AVAILABLE UPON REQUEST. FRONT OF THE BUILDING FACING SOUTH HAS 3 PUBLIC ACCESS DOORS, SECOND FLOOR MULTI FAMILY DOOR IS ON 7TH AVENUE, WEST SIDE OF THE BUILDING HAS 3 WALK DOWN STAIRS WITH RAILING TO THE LOWER LEVEL, NORTH OF THE BUILDING HAS A MAIN FLOOR WALK OUT DOOR, 2 SECOND FLOOR BALCONY DOORS AND 2 LOWER LEVEL ACCESS DOORS. MAIN FLOOR CEILING HEIGHT 12 FEET, UPDATED ELECTRICAL PANELS, 220 VOLTAGE, HVAC UPDATES WITH ZONING AND NEW TRUNK LINES, UPDATED WATER LINES WITH FLEX PIPING, VANILLA BOX MAIN FLOOR WITH THE EXCEPTION OF THE TWO TENANTS OCCUPIED. OFF STREET PARKING, HIGH FOOT TRAFFIC VISIBILITY IN THE HEART OF THE CITY. EXCELLENT INCOME OPPORTUNITY WITH PRIDE OF OWNERSHIP. *BUILDING INCLUDES 1000-1030 7TH AVENUE & 739-741 10TH STREET.
    Exterior Features

    Construction Methods Concrete BlockFrame Lot Size 8490 Roof Membrane

    Interior Features

    Basement YN Yes Ceiling Height 7Ft-10Ft11Ft-14Ft Flooring Wood Heating Cooling Central AirCentral HeatGas HeatWindow/Wall Air

    Property Features

    Additional Info Photos Association Fee 0 Association YN No Building Description Multi TenantSingle Tenant For Lease No For Sale Yes Gross Tax 17656 Minimum Lease Months 0 Minimum Sq Ft For Lease 0 Miscellaneous Disp WindowOff Str PkgRest RoomsStorage Area Net Tax 14722 Owner Pays Not Applicable Possession Immediate Power 220 Volt Property Sub Types OfficeRetail Restricted Listing No Sale Includes BuildingLand Special Purpose C StoreRestaurant Tenants Responsibilities Include Not Applicable Terms CashExchange Traffic Count 20001-30000 Utilities ElectricGas Water Sewer Roads City WaterWell Water Zoning C2

    Listing information © 2019 Cedar Rapids Area Association of REALTORS® Multiple Listing Service.
    Listing provided courtesy of Heather Morris of Skogman Realty.
    © 2019 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Graf Home Selling Team & Associates. Data last updated: 2019-09-17T12:42:39.16.
     
    The Graf Home Selling Team & Associates
    1190 Twixt Town Rd NE
    Cedar Rapids IA, 52402