Listed by GLD Commercial Real Estate Advisors
$795,000
796 11th St
Details
Property Type Retail
Sub Type Restaurant
Square Footage 7,619
Cap Rate 6.7%
NOI $53,268
Occupancy 100%
Tenancy Single
Brand/Tenant BarTini's
Lease Term 5
Price per SqFt $104
Year Built 1901
Acreage 0.010
Zoning U-1, Uptown 1
Investment Type Stabilized
Lease Commencement 09/30/2025
Ground Lease No
Sale Condition For sale by owner
796 11th St, Marion, IA 52302
Marketing description
Fully leased commercial condo unit in the heart of Uptown Marion now available for sale. Sale includes three separate parcels: first-floor restaurant space, garage, and basement. Restaurant space was recently renovated and features a full catering-size kitchen. Tenant, BarTini's, is under a 5-year lease that commenced October 1, 2025. Tax abatement in place through 2030. Contact listing agent for additional details.
Listing Contacts
Listed by GLD Commercial Real Estate Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$53,268.00
$4,439.00/mo
Valuation Metrics
0
DSCR
6.7%
Cap Rate
6.7%
ROI
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