11 E Church St, Marshalltown, IA 50158
OFFICE For SaleYear Built: 1920
Floors: 5
Class: C
| Space | Size | Type | Pricing |
|---|---|---|---|
| Office Property Available in Historic Building Downtown Marshalltown | SALE | $950,000.00 |
Thomas Edwards - JLL
PHONE: 5158024684
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 Property Overview - Sale price: $950,000 - Cap rate: 10.2% - 2025 NOI: $96,747 - Total building size: 48,400 SF (0.75 acres) • Gross leases in place • 84% occupied with 6 tenants • Scheduled rent increases • Turn-key office space • 24/7 secure access • On-site parking • Backup generator • Located in Marshalltown’s CBD with close proximity to retailers, restaurants, and entertainment