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MAX Building 11 E Church St 31,775 SF 76% Leased Office Building Marshalltown, IA 50158 $950,000 ($29.90/SF) 10.18% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Fully renovated historic building with modern infrastructure and strong tenant occupancy.
  • Centrally located with ADA compliance, updated systems, and standby power support.

EXECUTIVE SUMMARY

Five-story commercial building available in downtown Marshalltown. Originally constructed in 1919 by the Rude Brothers as a Ford dealership, assembly facility, and distribution center, this 48,000+ square foot property spans five floors with four levels fully renovated for modern office use. The building currently houses six established tenants with one floor available for lease. The structure features brick, steel, and concrete construction with a 250 lbs. per square foot load capacity. Building amenities include insulated windows with heat reflection and sound dampening properties, two ADA-compliant elevators, and a complete sprinkler fire suppression system. Recent capital improvements include a roof replacement completed in 2019, along with updated plumbing, electrical, and HVAC systems throughout. The property is equipped with a 200 KW standby generator providing 48-72 hours of backup power capacity.

FINANCIAL SUMMARY (ACTUAL - 2025)

ANNUAL ANNUAL PER SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $96,747 $3.04

FINANCIAL SUMMARY (ACTUAL - 2025)

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $96,747
Annual Per SF $3.04

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
31,775 SF
Building Class
B
Year Built
1920
Price
$950,000
Price Per SF
$29.90
Cap Rate
10.18%
NOI
$96,747
Percent Leased
76%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
8,175 SF
Building FAR
0.97
Lot Size
0.75 AC
Opportunity Zone
Yes
Zoning
CBD - Commercial
Parking
40 Spaces (1.06 Spaces per 1,000 SF Leased)

AMENITIES

  • Reception

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Administrative and Support Services
  • -
  • -
  • -
  • -

Aureon is a business solutions provider who connects possibilities to productivity by providing unique and scalable business support services for organizations — small and large. Headquartered in the heart of the Midwest, and serving clients nationally with a presence in 48 states, Aureon offers a comprehensive suite of support services, with a focus on human resources, talent acquisition, technology, contact center and consulting services. Aureon’s unique combination of talent, technology, and tools enable clients to focus on their core business. For 30 years we’ve been bringing reliable, high-quality services to back office support functions for the clients we serve. Consider us your business outfitter, providing network support, voice and data communications, human resources expertise and staffing assistance, quality customer care solutions, project management, and IT consulting, so you can focus on what you do best.

  • Hauser Properties
  • Services
  • 5,550 SF
  • -
  • Modified Gross
  • Apr 2030
  • Finance and Insurance
  • 7,500 SF
  • -
  • Modified Gross
  • -

From the day Progressive opened their doors, they've been a team of people who risk, learn, and grow together, in the name of progress. They come to work each day looking at everything through the lens of "How can we make this better?" Their name stands for forward motion and striving to do better. Just as they’re committed to bringing their name to life each day, they celebrate their employees for bringing their true selves to work in every way. Since their founding in 1937, they’ve always felt differently about what they do and how they do it. The vision is to become consumers’ and agents’ no. 1 choice and destination for auto and other insurance and requires a forward-thinking approach to everything they do.

  • Wholesaler
  • 8,175 SF
  • -
  • -
  • -

Mechdyne Corporation is a privately held technology solutions provider headquartered in Marshalltown, Iowa. Founded in 1996 by Iowa State University graduates, the company initially focused on virtual reality systems and has since expanded into a broad range of services, including audiovisual integration, IT managed services, software development, and engineered display structures. Mechdyne serves clients in sectors such as energy, manufacturing, defense, education, and healthcare, delivering solutions for immersive visualization, collaboration environments, and network infrastructure. The company operates multiple business units and maintains offices in the United States, Canada, and the United Kingdom, with additional presence in Asia. Mechdyne emphasizes custom solutions and global support, leveraging expertise in AR/VR, cybersecurity, and advanced display technologies to address complex technical challenges.

  • Windstream
  • Utilities
  • 1,100 SF
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Administrative and Support Services - - - -
Hauser Properties Services 5,550 SF - Modified Gross Apr 2030
Finance and Insurance 7,500 SF - Modified Gross -
Wholesaler 8,175 SF - - -
Windstream Utilities 1,100 SF - - -

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Floor
  • 5,500 SF
  • Office/Retail
  • Partial Build-Out
  • Now

Great for office or retail space with doors leading directly out to the street level. Open floor plan ready to move in or build out to suit your specific needs.

Space Size Space Use Condition Available
1st Floor 5,500 SF Office/Retail Partial Build-Out Now

1st Floor

Size
5,500 SF
Space Use
Office/Retail
Condition
Partial Build-Out
Available
Now

1st Floor

Size 5,500 SF
Space Use Office/Retail
Condition Partial Build-Out
Available Now

Great for office or retail space with doors leading directly out to the street level. Open floor plan ready to move in or build out to suit your specific needs.

Walk Score®
Very Walkable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
8418-35-204-002
Land Assessment
$33,600
Improvements Assessment
$749,570
Total Assessment
$783,170
  • Listing ID: 37841964

  • Date on Market: 4/8/2025

  • Last Updated:

  • Address: 11 E Church St, Marshalltown, IA 50158

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