Contact us: 563.441.1776
Description
Rare opportunity describes this investment property located just two blocks North of Marion's City Square and thriving downtown. Fully occupied, this property has a large commercial space and storefront on the main floor and three residential units on the top floor. The lower level includes on-site laundry, storage, and a half bath. The main floor commercial space currently houses Janna McCalley Interiors and has been almost entirely renovated into a stunning design studio and store. The second floor includes two, one bedroom, one bath units and a studio apartment. Rents are currently set at $750 per month each for the one bedroom units; $500 for the studio apartment; and $1,334 per month for the main floor commercial space. On-site laundry generates some additional income. The lower-level secure storage room is an opportunity for additional income as well and has been rented in the past. Parking is currently included in the rent. This building has been quite well-maintained and improved by the current owners. More information available upon request.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
County: Linn
High School: Marion
Listed By:
SKOGMAN REALTY
Cory Rath
319-366-6427
Cedar Rapids MLS
MLS ID: 2603645
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1080 9th Avenue , Marion, IA 52302.
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563-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $375,000 | $375,000 | $375,000 |
| Down Payment | $75,000 | $13,125 | $93,750 |
| Monthly Mortgage Amount | $1,823 | $2,267 | $2,317 |
| Taxes | $522 | $522 | $522 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $165 | $0 |
| Monthly Estimated Total | $2,454 | $3,063 | $2,948 |
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
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 05/27/2026. The listing information on this page last changed on 05/27/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 05/27/2026 12:12:55 AM EST) or MRED MLS (last updated Wed 05/27/2026 12:05:00 AM EST) or SCWMLS (last updated Tue 05/26/2026 11:54:42 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Tue 05/26/2026 10:15:29 PM EST) or Cedar Rapids MLS (last updated Tue 05/26/2026 10:44:13 PM EST) or NEIRBR MLS (last updated Wed 05/27/2026 12:08:40 AM EST) or ICAAR MLS (last updated Tue 05/26/2026 11:37:32 PM EST) or ECIMLS (last updated Tue 05/26/2026 11:44:12 PM EST) or RMLSA (last updated Wed 05/27/2026 12:10:55 AM EST) or Muscatine MLS (last updated Wed 05/27/2026 12:00:09 AM EST) or No Coast MLS (last updated Wed 05/27/2026 12:04:19 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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