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501 7th Avenue

Marion, IA 52302
  • $949,900
  • STATUS: Active
  • ON SITE: 442 Days
  • MLS #: 2408145
$949,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,000
    SQFT
  • $190
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1999
County:
Area:

School Ratings & Info

Description

Turnkey investment opportunity featuring a regional Anytime Fitness franchisee in a highly visible, high-traffic location. Recently completed a $50,000 interior refresh, demonstrating continued commitment to the space and long-term operation. There are just under 2 years remaining on the current 6-year lease, which includes scheduled rental increases. Tenant is responsible for property taxes, while the landlord covers maintenance and building insurance. The property has been well maintained with significant capital improvements, including a full interior and exterior renovation with an addition in 2017 (new HVAC installed at that time), a new roof in 2020, and new asphalt parking lot in 2022. Strong tenant, solid improvements, and excellent visibility make this a compelling addition to any investment portfolio.

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© 2026 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: 2026-02-17T23:42:34.097.
www.cedarrapidsareahomes.com/homes/158422154
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501 7th Avenue Marion, IA 52302

  • Price: $949,900
  • Status: Active
  • On Site: 442 Days
  • MLS #: 2408145
0
Beds
0
Baths
0
½ Baths
N/A
Acres
5,000
SQFT
$190
$/SQFT
1999
Built
Neighborhood:
Marion
County:
Linn
Area:
Marion
Property Description
Turnkey investment opportunity featuring a regional Anytime Fitness franchisee in a highly visible, high-traffic location. Recently completed a $50,000 interior refresh, demonstrating continued commitment to the space and long-term operation. There are just under 2 years remaining on the current 6-year lease, which includes scheduled rental increases. Tenant is responsible for property taxes, while the landlord covers maintenance and building insurance. The property has been well maintained with significant capital improvements, including a full interior and exterior renovation with an addition in 2017 (new HVAC installed at that time), a new roof in 2020, and new asphalt parking lot in 2022. Strong tenant, solid improvements, and excellent visibility make this a compelling addition to any investment portfolio.
Exterior Features

Construction Materials Frame Parking Features Off Street Roof Asphalt Shingle

Interior Features

Basement YN No Cooling Central Air Cooling YN Yes Flooring Concrete Heating Central Gas Heating YN Yes Levels One Window Features Display Window(s)

Property Features

Building Features Overhead Doors Private Restrooms Pole Sign Single- Tenant See Remarks Business Name Anytime Fitness Electric 220 Volts Inclusions Building Lease Considered YN No Listing Terms Cash Other Possession Negotiable Property Sub Type Investment Property Sub Type Additional Investment Security Features Security Lights Sewer Public Sewer Tax Annual Amount 15782 Tenant Pays Electricity Janitorial Service Taxes Trash Collection Water Utilities Electricity Available Natural Gas Available Water Source Public Zoning Comm Zoning Description Comm

Listing information © 2026 Cedar Rapids Area Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of Tim Nash of SKOGMAN REALTY: 319-366-6427.
© 2026 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: 2026-02-17T23:42:34.097.
 
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