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Value-Add Downtown Landmark Office 2 Properties Online Auction Sale Marshalltown, IA
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Investment Highlights
- Historic downtown landmark office building offered 50% leased, with in-place rental income and significant value-add growth potential.
- Includes an adjacent parking lot for a total of 0.74 acres placed within an Opportunity Zone, offering long-term upside for redevelopment or reuse.
- Highly visible downtown location with heavy vehicle and foot traffic, placed just off Highway 14 and less than 10 minutes from Highway 30.
- Recent improvements include a new roof (2019), updated plumbing, electrical, and HVAC, a fire suppression system, and a 200-kW standby generator.
- Directly neighboring the Marshall County Courthouse, surrounded by convenient walkable retail, restaurant, and service-based amenities.
- Competitive leasing environment, with office vacancies of 3.1% and no new inventory delivered in the past decade, driving dependable rent growth.
Executive Summary
Claim a historic piece of downtown Marshalltown, Iowa, with this incredible opportunity to acquire 11 E Church Street. Offering a landmark office property that is currently ±50% occupied with quality tenants, this valuable opportunity presents in-place rental revenue alongside substantial value-add growth potential for investors.
The property includes the historic Ford building, once a dealership, assembly, and distribution center that has been preserved as a multi-tenant office building spanning 31,775 square feet. Careful preservation and recent upgrades, including a roof replacement in 2019, updated plumbing, electrical, HVAC, a full sprinkler fire suppression system, and a 200-kW standby generator, ensure a clean, quiet, and efficient work environment suitable for a diverse range of professional uses. The opportunity also includes an adjacent 0.36-acre parking lot, providing ample on-site parking and potential for future expansion.
Situated within downtown’s designated Opportunity Zone, 11 E Church Street delivers lucrative possibilities for long-term redevelopment or adaptive reuse. Qualifying projects will be able to leverage substantial capital gains tax incentives, significantly offsetting development costs. Positioned at a high-traffic signalized intersection, the location delivers premier downtown visibility to heavy vehicle and foot traffic. Additionally, the site is easily reachable for commuters across the greater region, placed just off Highway 14 and less than 10 minutes from Highway 30. The surrounding area presents a walkable hub of activity, delivering quick access to quality retail, restaurants, and recreation amenities.
Marshalltown’s strong demographics and solid leasing fundamentals underscore the property’s investment appeal. Within 5 miles, the area boasts over 29,000 residents and a workforce exceeding 20,800, generating more than $317 million in annual consumer spending. This robust business climate fuels high demand for quality office space, with vacancies at only 3.1% and no new office developments in the past decade. The resulting shortage of functional workspace has driven consistent rent growth, averaging 2.6% annually over the last five years. These factors combine to create a unique opportunity for investors or businesses to acquire a historic asset with proven income and significant future upside.
Property tours are by appointment only. Please contact the listing broker to schedule.
The property includes the historic Ford building, once a dealership, assembly, and distribution center that has been preserved as a multi-tenant office building spanning 31,775 square feet. Careful preservation and recent upgrades, including a roof replacement in 2019, updated plumbing, electrical, HVAC, a full sprinkler fire suppression system, and a 200-kW standby generator, ensure a clean, quiet, and efficient work environment suitable for a diverse range of professional uses. The opportunity also includes an adjacent 0.36-acre parking lot, providing ample on-site parking and potential for future expansion.
Situated within downtown’s designated Opportunity Zone, 11 E Church Street delivers lucrative possibilities for long-term redevelopment or adaptive reuse. Qualifying projects will be able to leverage substantial capital gains tax incentives, significantly offsetting development costs. Positioned at a high-traffic signalized intersection, the location delivers premier downtown visibility to heavy vehicle and foot traffic. Additionally, the site is easily reachable for commuters across the greater region, placed just off Highway 14 and less than 10 minutes from Highway 30. The surrounding area presents a walkable hub of activity, delivering quick access to quality retail, restaurants, and recreation amenities.
Marshalltown’s strong demographics and solid leasing fundamentals underscore the property’s investment appeal. Within 5 miles, the area boasts over 29,000 residents and a workforce exceeding 20,800, generating more than $317 million in annual consumer spending. This robust business climate fuels high demand for quality office space, with vacancies at only 3.1% and no new office developments in the past decade. The resulting shortage of functional workspace has driven consistent rent growth, averaging 2.6% annually over the last five years. These factors combine to create a unique opportunity for investors or businesses to acquire a historic asset with proven income and significant future upside.
Property tours are by appointment only. Please contact the listing broker to schedule.
Matterport 3D Tours
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Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
Property Facts
| Sale Condition | Auction Sale | Number of Properties | 2 |
| Type of Ownership | Fee Simple | Total Building Size | 31,775 SF |
| Sale Type | Investment | Total Land Area | 1.11 AC |
| Status | Active |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Total Building Size | 31,775 SF |
| Total Land Area | 1.11 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built |
|---|---|---|---|
| 11 E Church St, Marshalltown, IA 50158 | Land | 15,682 SF | - |
|
MAX Building
11 E Church St, Marshalltown, IA 50158 |
Office | 31,775 SF | 1920 |
Sale Advisor
Sale Advisor
Thomas Edwards, Associate
Agency & Tenant representation across Iowa and Nebraska.
About the Auction Technology
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Auction Contact
Sophy Cardenas
Contact
Auctioneer License:
Ten-X, LLC Arlene M Richardson RE Brkr F06258000
1 of 40
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
Contact the Sale Advisor
Value-Add Downtown Landmark Office
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Value-Add Downtown Landmark Office
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