Rare opportunity describes this investment property located just two blocks North of Marion’s City Square and thriving downtown. Fully occupied, this property has a large commercial space and storefront on the main floor and three residential units on the top floor. The lower level includes on-site laundry, storage, and a half bath. The main floor commercial space currently houses Janna McCalley Interiors and has been almost entirely renovated into a stunning design studio and store. The second floor includes two, one bedroom, one bath units and a studio apartment. Rents are currently set at $750 per month each for the one bedroom units; $500 for the studio apartment; and $1,334 per month for the main floor commercial space. On-site laundry generates some additional income. The lower-level secure storage room is an opportunity for additional income as well and has been rented in the past. Parking is currently included in the rent. This building has been quite well-maintained and improved by the current owners. More information available upon request.
Pending
$375,000
1080 9th Ave, Marion, IA 52302
--beds
--baths
--sqft
Multi Family, Residential
Built in 1968
-- sqft lot
$366,500 Zestimate®
$--/sqft
$-- HOA
What's special
Lower-level secure storage roomOn-site laundryStudio apartment
- 46 days |
- 98 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Cory Rath 319-329-2679,
Skogman Realty Co.
Source: Iowa City Area AOR,MLS#: 202603443
Facts & features
Interior
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Range Or Oven, Refrigerator
- Laundry: Laundry Room
Features
- Flooring: Carpet, Vinyl
- Basement: Full,Unfinished
- Has fireplace: No
Interior area
- Finished area above ground: 0
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Off Street
Features
- Levels: Two
- Stories: 2
Details
- Parcel number: 150623000700000
- Zoning: Commercial
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Residential
Materials
- Brick
Condition
- Year built: 1968
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Close To School, Near Shopping, Sidewalks
- Subdivision: NA
Location
- Region: Marion
Financial & listing details
- Tax assessed value: $188,500
- Annual tax amount: $4,664
- Date on market: 5/27/2026
- Listing terms: Cash,Conventional
Estimated market value
$366,500
$348,000 - $385,000
$1,152/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/16/2026 | Pending sale | $375,000 |
Source:  Iowa City Area AOR #202603443 Report a problem | ||
| 5/27/2026 | Listed for sale | $375,000+21% |
Source:  CRAAR, CDRMLS #2603645 Report a problem | ||
| 9/14/2021 | Sold | $310,000+3.3% |
Source: CRAAR, CDRMLS #2101824 Report a problem | ||
| 7/19/2021 | Pending sale | $300,000 |
Source: CRAAR, CDRMLS #2101824 Report a problem | ||
| 5/11/2021 | Listed for sale | $300,000 |
Source: CRAAR, CDRMLS #2101824 Report a problem | ||
| 4/10/2021 | Pending sale | $300,000 |
Source: CRAAR, CDRMLS #2101824 Report a problem | ||
| 3/31/2021 | Listed for sale | $300,000 |
Source: CRAAR, CDRMLS #2101824 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,982 -1.5% | $188,500 +5.6% |
| 2024 | $3,028 +3.2% | $178,500 |
| 2023 | $2,934 +5% | $178,500 +26.5% |
| 2022 | $2,794 +3.8% | $141,100 |
| 2021 | $2,692 +1.9% | $141,100 +10.1% |
| 2020 | $2,642 -2.7% | $128,100 |
| 2019 | $2,716 +7.6% | $128,100 +6.4% |
| 2018 | $2,524 +4.2% | $120,400 +5.9% |
| 2017 | $2,422 +3.7% | $113,700 |
| 2016 | $2,336 +3.1% | $113,700 |
| 2015 | $2,266 +0.4% | $113,700 |
| 2014 | $2,258 +4.9% | $113,700 |
| 2013 | $2,152 +11.5% | $113,700 +8.6% |
| 2012 | $1,930 | $104,710 |
| 2011 | -- | $104,710 |
| 2010 | $1,884 | $104,710 |
| 2008 | -- | $104,710 |
| 2007 | -- | $104,710 +5% |
| 2005 | -- | $99,724 +5% |
| 2004 | -- | $94,975 +1.8% |
| 2003 | -- | $93,264 +5.2% |
| 2002 | -- | $88,624 |
| 2001 | -- | $88,624 +7% |
| 2000 | -- | $82,826 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 52302
Nearby schools
GreatSchools rating
- 7/10Vernon Middle SchoolGrades: 5-8Distance: 0.3 mi
- 6/10Marion High SchoolGrades: 9-12Distance: 0.8 mi
- 5/10Francis Marion Intermediate SchoolGrades: 3-4Distance: 0.7 mi
Schools provided by the listing agent
- Elementary: Longfellow
- Middle: Vernon
- High: Marion
Source: Iowa City Area AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Iowa
- Linn County
- Marion
- 52302
- 1080 9th Ave
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