Skip To Content

501 7th Avenue

Marion, IA 52302
  • $1,099,000
  • STATUS: Active
  • ON SITE: 50 Days
  • MLS #: 2408145
UPDATED: 34 min ago
$1,099,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,000
    SQFT
  • $220
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1999
County:
Area:

School Ratings & Info

Description

Fantastic investment opportunity with a regional Anytime Fitness franchisee that just completed a $50,000 interior refresh. 3.5 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/exterior renovation and addition in 2017 including new HVAC, new roof in 2020, new parking lot asphalt in 2022. Highly visible location with a strong traffic count!

Monthly Payment Calculator

© 2025 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 Key Realty. Data last updated: 2025-01-22T09:42:38.2.
www.buyandselliowa.com/homes/158422154
Print Image

501 7th Avenue Marion, IA 52302

  • Price: $1,099,000
  • Status: Active
  • On Site: 50 Days
  • Updated: 34 min ago
  • MLS #: 2408145
0
Beds
0
Baths
0
½ Baths
N/A
Acres
5,000
SQFT
$220
$/SQFT
1999
Built
Neighborhood:
Marion
County:
Linn
Area:
Marion
Property Description
Fantastic investment opportunity with a regional Anytime Fitness franchisee that just completed a $50,000 interior refresh. 3.5 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/exterior renovation and addition in 2017 including new HVAC, new roof in 2020, new parking lot asphalt in 2022. Highly visible location with a strong traffic count!
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 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 © 2025 Cedar Rapids Area Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of Karl Hoffman of SKOGMAN REALTY COMMERCIAL: 319-363-8286.
© 2025 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 Key Realty. Data last updated: 2025-01-22T09:42:38.2.
 
https://bt-photos.global.ssl.fastly.net/cedarrapids/orig_boomver_1_2408145-2.jpg
Logo
Key Realty
4403 1st AV NE, STE 503
Cedar Rapids IA, 52402