796 11th St - Restaurant CONDO FOR SALE


Marion, IA 52302
$725,000 USD
319-731-3400
796 11th St, Marion, IA for Sale
$725,000 USD
Restaurant CONDO - FOR SALE
1/26
null | 7.35% Cap Rate

796 11th St
Marion, IA 52302


HIGHLIGHTS

  • BarTini’s occupies under a five-year lease commencing October 2025.
  • Located in Marion’s active Uptown district surrounded by retail and dining traffic.
  • Tax abatement benefit in effect through 2030 for enhanced owner returns.
  • Situated in a walkable, thriving commercial corridor with consistent customer draw.

OVERVIEW

Presenting a fully leased commercial condominium investment opportunity in the heart of Uptown Marion. The offering consists of a first-floor restaurant space recently upgraded with a full catering-size kitchen to support extensive service or catering operations. Currently occupied by BarTini’s under a 5-year lease that commenced on October 1, 2025, this property delivers immediate income stability and predictable returns. Investors will benefit from a tax abatement program active through 2030, reducing ownership expenses and enhancing long-term value. The unit is positioned within a thriving commercial environment featuring dense retail, dining, and pedestrian traffic, ensuring ongoing tenant viability. This is an excellent opportunity for buyers seeking a stabilized asset secured under current lease terms with tenant improvements already in place.

FOR SALE DETAILS

PRICE

$725,000 USD

PRICE/SF

$151 USD /SF

CAP RATE

7.35%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

18,568 SF

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1901

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

U-1

APN/PARCEL ID

15062-40015-01005

ASK ABOUT THIS PROPERTY

Angie GlickGLD CommercialMore Info
319-731-3400

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Angie GlickGLD CommercialMore Info
319-731-3400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.