11 E Church St - FOR SALE
Marshalltown, IA 50158 |
515-802-4684
11 E Church St
Marshalltown, IA 50158
HIGHLIGHTS
- Historic downtown landmark office building offered 59% leased, with in-place rental income and significant value-add growth potential.
- Recent improvements include a new roof (2019), updated plumbing, electrical, and HVAC, a fire suppression system, and a 200-kW standby generator.
- Includes an adjacent parking lot for a total of 0.74 acres placed within an Opportunity Zone, offering long-term upside for redevelopment or reuse.
- Directly neighboring the Marshall County Courthouse, surrounded by convenient walkable retail, restaurant, and service-based amenities.
- Highly visible downtown location with heavy vehicle and foot traffic, placed just off Highway 14 and less than 10 minutes from Highway 30.
- Competitive leasing environment, with office vacancies of 3.1% and no new inventory delivered in the past decade, driving dependable rent growth.
FOR SALE DETAILS
PRICE
$2,904,000 USD
CAP RATE
Request Cap Rate
% LEASED
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TENANCY
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SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Value-Add Downtown Landmark Office
PROPERTY TYPE
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TOTAL BUILDING SIZE
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STORIES
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YEAR BUILT
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SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
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ASK ABOUT THIS PROPERTY
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515-802-4684
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515-802-4684
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