For Sale
$1,450,000

600-620 Lindale Dr Marion, IA 52302

High-Yield Retail Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity in Marion, Iowa, presents two commercial buildings totaling 6,407 square feet on a 0.779-acre lot. Built in 2001, the property features a thriving car wash with four self-wash bays and one tunnel wash, a laundromat, and a bar operating under a signed lease. The car wash and laundromat are included in the sale, offering an owner-user the chance to operate established businesses. Both buildings boast solar panels, contributing to energy efficiency and potential cost savings. The property is zoned BR, Regional Business, and offers a strong 6.98% cap rate with a net operating income (NOI) of $101,214. The asking price is $1,450,000, translating to $226.31 per square foot. This is a rare chance to acquire a multi-faceted commercial property with established income streams and significant upside potential. The property consists of two single-story buildings and is located at 600-620 Lindale Dr, Marion, IA 52302, in Linn County. The property's APN is 20011-01005-00000.

Highlights

  • Owner-occupied car wash and laundromat.
  • Established bar with a current lease in place.

Property Details for 600-620 Lindale Dr

Property type
Specialty properties, Retail properties
Square Feet
6,407 SF
Year Built
2001
Buildings
2
Stories
1
Lot Size (sq. ft)
33,933 SF

Location Insight

City
Marion
County
Linn
State
Iowa
Latitude
42.0336146
Longitude
-91.6222873

FAQs

What type of property is this?
Specialty property - High-Yield Retail Investment Opportunity
Where is the specialty property located?
The property is located at 600-620 Lindale Dr Marion, IA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Owner-occupied car wash and laundromat.; Established bar with a current lease in place.;
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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600-620 Lindale Dr
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