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501 7th Avenue

Marion, IA 52302
  • $989,900
  • STATUS: Active
  • ON SITE: 304 Days
  • MLS #: 2303920
$989,900
  • 0
    BEDS
  • 0.53
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,000
    SQFT
  • $198
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1999
County:
Area:

School Ratings & Info

Description

Fantastic investment opportunity with a regional franchisee operating over 20 Anytime Fitness locations. 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 renovation and addition in 2017 including new HVAC, new roof in 2020, new parking lot asphalt in 2022. Great location and traffic count!

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© 2024 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 Graf Real Estate ERA Powered. Data last updated: 2024-04-03T23:42:30.6.
www.cedarrapidsareahomes.com/homes/140644168
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501 7th Avenue Marion, IA 52302

  • Price: $989,900
  • Status: Active
  • On Site: 304 Days
  • MLS #: 2303920
0
Beds
0
Baths
0
½ Baths
0.53
Acres
5,000
SQFT
$198
$/SQFT
1999
Built
Neighborhood:
Marion
County:
Linn
Area:
Marion
Property Description
Fantastic investment opportunity with a regional franchisee operating over 20 Anytime Fitness locations. 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 renovation and addition in 2017 including new HVAC, new roof in 2020, new parking lot asphalt in 2022. Great location and traffic count!
Exterior Features

Construction Materials Frame Parking Features Off Street Roof AsphaltShingle

Interior Features

Basement YN No Cooling Central Air Cooling YN Yes Flooring Concrete Heating Central Heating YN Yes

Property Features

Electric 220 Volts Lease Considered YN No Property Sub Type Retail Security Features Security Lights Sewer Public Sewer Tax Annual Amount 19501 Tenant Pays ElectricityHeatJanitorial ServiceTaxesTrash CollectionWater Utilities Electricity AvailableNatural Gas Available Water Source Public Zoning Description Comm

Listing information © 2024 Cedar Rapids Area Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of Karl Hoffman of SKOGMAN REALTY COMMERCIAL: 319-363-8286.
© 2024 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 Graf Real Estate ERA Powered. Data last updated: 2024-04-03T23:42:30.6.
 
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