Value-Add Downtown Landmark Office 2 Properties Online Auction Sale Marshalltown, IA

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 approximatley 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.