604 3Rd AveMarshalltown, IA 50158

Property Details for 604 3Rd Ave

Year built

1999

Lot size

2.82 AC

Property size (Sq ft)

1,536 SF

Zone code

M-2

Property type

Office properties

Property subtype

Office buildings

APN

8418-35-281-001

APU

841835281001

Description

This exceptional commercial property in Marshalltown, Iowa, presents a unique investment opportunity. Situated on a generous 2.82-acre lot, the property boasts a main 1,536 square foot office building constructed in 1999. This masonry structure features a blend of office space and showroom areas, providing ample versatility. In addition to the main building, a smaller, mobile structure is included, equipped with electricity, insulation, and electric heat. A significant asset is a third building, measuring 48 x 96 feet (4,800 square feet), constructed of block with overhead and sliding doors. While this building has a flat roof with some leakage, it offers substantial space with numerous potential uses. The large warehouse building provides ample room for various applications. The property also features extensive open parking, accommodating numerous vehicles. The exact number of parking and garage stalls is adaptable depending on the future use of the property. This property is being offered for sale or as a triple net lease. The combination of buildings, generous land area, and flexible space makes this an ideal opportunity for a wide range of commercial ventures.

• CAP approach

  CAP return

  Valuation

  6%

  $252,843

  6.5%

  $233,393

  7%

  $216,722

• Comparable approach

  Method

  Valuation

  Relative Method

  $78,397

  Geo Method

  $78,397

• Alternative Use

  Use

  Valuation

  Residential

  $289,407

  Hospitality

  $265,096

  Educational

  $220,556

  Medical

  $228,142

  Retail

  $343,088

Location Insight

City

Marshalltown

County

Marshall

State

Iowa

Latitude

42.0423

Longitude

-92.9046

CBSA code

32260

CBSA name

MARSHALLTOWN, IA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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