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501 7th AvenueMarion, IA 52302

Commercial · 5,000 Sq. ft.
$899,000 Active

501 7th Avenue Overview

Time on Site:
574 days
Visits:
110

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.

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501 7th Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 5,000
  • Price/Sq.ft. $180

Details

General

Income/Expenses

  • Existing Lease Type: Modified

Building Information

  • Year Built: 1999

Business Information

  • Business Name: Anytime Fitness

Location/Region

  • County Or Parish: Linn
  • MLS Area Major: Marion
  • Postal City: Marion

Rent/Lease Information

  • Lease Considered: false
  • Tenant Pays: Electricity,Janitorial Service,Taxes,Trash Collection,Water

Tax Information

  • Tax Annual Amount: 15782.0

General Information

  • Inclusions: Building
  • Listing Terms: Cash,Other
  • Parcel Number: 140113300200000
  • Property Sub Type: Investment
  • Property Type: Commercial Sale
  • Zoning: Comm

Interior

Beds/Baths

  • Bathrooms Total: 0

General Information

  • Basement: false
  • Building Features: Overhead Doors,Private Restrooms,Pole Sign,Single-Tenant,See Remarks
  • Electric: 220 Volts
  • Flooring: Concrete
  • Levels: One
  • Living Area: 5000.0
  • Security Features: Security Lights
  • Stories: 1
  • Stories Total: 1
  • Window Features: Display Window(s)

Exterior

Parking Information

  • Parking Features: Off Street

Lot Information

  • Lot Size Dimensions: Irregular
  • Lot Size Units: Acres
  • Water Source: Public

Building Exterior/Construction

  • Construction Materials: Frame
  • Roof: Asphalt,Shingle

General Information

  • Sewer: Public Sewer
  • Utilities: Electricity Available,Natural Gas Available

501 7th Avenue Neighborhood

Community

52302 (Marion) Demographics

39
Median Age
562
Population Density (per sq. mile)
51%
College Educated
$74,630
Estimated Median Income
12,712
Estimated Total Home Owners
3,710
Estimated Total Renters
77% / 23%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

501 7th Avenue Monthly Cost

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$ %
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$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

501 7th Avenue Market Data

Based on the last 30 days in this zip code

$388,041
Average List Price
$173
Average Price per Square Foot
0
Properties Sold
71
Average Days on Market
259
Properties for Sale
Calculations provided by Reliance Network

501 7th Avenue History

Date Event Value Agent
5/12/2026Source: Iowa City MLS Status Change
Active
5/6/2026Source: Iowa City MLS Added to Database
May 06, 2026
5/5/2026Source: Cedar Rapids Area MLS Price Reduction
$899,000 -2.8%
3/10/2026Source: Cedar Rapids Area MLS Price Reduction
$924,900 -2.6%
11/4/2025Source: Cedar Rapids Area MLS Price Reduction
$949,900 -4.5%
10/21/2025Source: Cedar Rapids Area MLS Price Reduction
$995,000 -2.9%
10/3/2025Source: Cedar Rapids Area MLS Price Reduction
$1,024,999 -2.3%
7/14/2025Source: Cedar Rapids Area MLS Price Reduction
$1,049,000 -4.5%
12/2/2024Source: Cedar Rapids Area MLS Added to Database
December 02, 2024
Listing provided courtesy of SKOGMAN REALTY- MLS# 2408145MLS Provider