Description
Turnkey investment opportunity featuring a regional Anytime Fitness franchisee in a highly visible, high-traffic location. Recently completed a $50,000 interior refresh, demonstrating continued commitment to the space and long-term operation. There are just under 2 years remaining on the current 6-year lease, which includes scheduled rental increases. Tenant is responsible for property taxes, while the landlord covers maintenance and building insurance. The property has been well maintained with significant capital improvements, including a full interior and exterior renovation with an addition in 2017 (new HVAC installed at that time), a new roof in 2020, and new asphalt parking lot in 2022. Strong tenant, solid improvements, and excellent visibility make this a compelling addition to any investment portfolio.
Property Highlights
Property Type: Commercial - Business
Building Description: 1.0 stories
Year Built: 1999
General Information
County: Linn
Listed By:
SKOGMAN REALTY
319-366-6427
Tim Nash
Cedar Rapids MLS
MLS ID: 2408145
Shown By
Agent Name: Jamie Wiley
Agent Phone: (224) 383-8365
Agency Title: Ruhl&Ruhl Realtors
Agent Email:
Get in Touch
Shown By
Agent Name: Jamie Wiley
Agent Phone: (224) 383-8365
Agency Title: Ruhl&Ruhl Realtors
Agent Email:
Contact an agent to learn more about
501 7th Avenue, Marion, IA 52302.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $924,900 | $924,900 | $924,900 |
| Down Payment | $184,980 | $32,372 | $231,225 |
| Monthly Mortgage Amount | $4,436 | $5,518 | $5,668 |
| Taxes | $1287 | $1287 | $1287 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $555 | $0 |
| Monthly Estimated Total | $5,993 | $7,630 | $7,225 |
About this area
Find homes for sale in Marion, IA and learn about the local community and real estate market.
Full of history, Marion, IA is in the top ten of places to raise families. The city is located on the Northeast border of Cedar Rapids and offers all the amenities of big city living while still being a great place to raise a family. Marion, Iowa is one of the youngest cities per capita in the Midwest with its 36,000 residents.
Its Parks and Recreation Department maintains over 600 acres of public ground with a combined total of 41 parks and green spaces. These facilities are used year-round with fun, family-friendly events. Check out music on City Square, the May Arts festival, or the Fall Into Marion festival.
If you’re looking to relocate, Ruhl&Ruhl Realtors has plenty of homes for sale in Marion, IA for you to choose from. Continue browsing this page to see all houses for sale and real estate options in Marion and if you need to do a little more research before buying, check out the pages below for additional options:
Marion is located outside of Cedar Rapids. View homes for sale in the Cedar Rapids area for more real estate options.
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Nearest Ruhl&Ruhl Office
5805 Council St. NE, Suite A
Cedar Rapids, IA 52402
Phone Number: (563) 441-1776