105 Marion, Iowa

Description

Opportunity awaits with this versatile commercial building currently operating as retail but adaptable to a wide variety of uses including office, service-based business, or continued retail. Located on the city square, this building offers strong visibility and recent updates. This property offers both immediate income and future upside. The main level features a spacious retail area that the current owner can vacate within 30 days if needed, allowing flexibility for an owner-occupant or new tenant placement. A service elevator adds convenience and accessibility between levels. The property includes two occupied apartments, providing steady rental income: Unit 1: 2-bedroom (1 bath) with several additional non-conforming bedrooms Unit 2: 1-bedroom (1 bath) with 1 non-conforming bedroom Currently, the owner pays utilities, offering potential to increase cash flow by restructuring leases or separating utilities in the future. Rolled rubber roof replaced approximately 3 years ago Front exterior recently redone Grandfathered awning in place Two newer furnaces (installed in 2017) Whether you’re looking to expand your business, invest in rental income, or reimagine the space entirely, this property offers flexibility, functionality, and future opportunity. Rental details available upon request.

Directions: Located near the South West corner of the square.