$2,188,890

LOT 2 Tower Terrace Rd Marion, IA 52302

Estimated payment $13,691/month

Total Views 14,913
6.7 Acres
$326,700 Price per Acre
291,852 Sq Ft Lot

Highlights

  • 6.7 Acre Lot
  • Property is near schools
  • Level Lot
  • Indian Creek Elementary School Rated A-

About This Lot

This home is located at LOT 2 Tower Terrace Rd, Marion, IA 52302 and is currently priced at $2,188,890. LOT 2 Tower Terrace Rd is a home located in Linn County with nearby schools including Indian Creek Elementary School, Excelsior Middle School, and Linn-Mar High School.

Listing Agent

Adam Gibbs

GLD Commercial Real Estate Advisors Listed on: 03/29/2024

Co-Listing Agent

Angie Glick

GLD Commercial Real Estate Advisors

Property Details

Property Type

  • Land

Lot Details

  • 6.7 Acre Lot
  • Property fronts a county road
  • Level Lot
  • Open Lot
  • Property is zoned Comm Business, Local Business

Location

  • Property is near schools

Schools

  • Linn Mar Elementary And Middle School
  • Linn Mar High School

Utilities

  • Internet Available
  • Phone Available
  • Cable TV Available

Community Details

  • Stonefield Commercial Subdivision

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: LOTS/LAND
  • Type: Commercial
  • Photo Code: Complete
  • Photo Code1: Broker Loaded
  • Remarks: Shovel-ready site located on the Tower Terrace Road extension in Marion, near the Linn-Mar campus. This upscale professional park is home to ESCO Group, YMCA, UnityPoint, and other medical and retail users. Price includes a fully developed, level lot with utilities; fiber connectivity is available via IMON. Site size is flexible, with 2 to 6.7 acres available. Preliminary plat is complete; owner will final plat to a buyer’s specific lot size. The City’s new comprehensive plan designates the area as “MU – Mixed Use.” This allows for higher-intensity residential development (over 14 units/acre), including stand-alone multifamily or upper-story residential. The commercial component is intended to complement the residential use with services such as medical or dental clinics, personal services, daycare, assisted living, grocery, retail, restaurants, cafes, and more. Mixed-use developments will be evaluated for mobility, layout, and public open space integration.
  • Potential Use: Commercial/Industrial, Office/Institutional
  • Subdivision: Stonefield Commercial
  • Directions: 10th Street north to Tower Terrace, west on Tower Terrace near 3rd St
  • L O1 Dues Paid: y
  • L O2 Dues Paid: y
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage: County/City Road, Pavement

Utilities

  • Internet: Yes
  • Utilities Available: Cable TV, Electricity, Natural Gas, Sewer, Telephone, Water-City

Condo/Co-op/Association

  • Amenities: Sidewalks, Street Lights, Close to School

Schools

  • High School: Linn Mar
  • Jr Middle School: Linn Mar
  • Elementary School: Linn Mar

Lot Info

  • Acreage: 6.7
  • Geo Subdivision: IA
  • Zoning: Comm Business, Local Business
  • Estimated Lot Sq Ft: 2-5 Acres
  • Improvements: Curb & Gutter, Open Land, Sidewalk
  • Topology: Level

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
Collateral Analytics

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/29/2024 03/29/24 For Sale $2,188,890 -- --
Source: Iowa City Area Association of REALTORS®

Source: Iowa City Area Association of REALTORS®

MLS Number: 202401776

Iowa City Area Association of REALTORS®
Iowa Linn County Marion 52302

LOT 2 Tower Terrace Rd, Marion, IA

For Sale

Lots

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Iowa City Area Association of REALTORS® IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Listing information is deemed reliable, but not guaranteed accurate by the MLS.

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Adam Gibbs
Listing Agent
Adam Gibbs
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GLD Commercial Real Estate Advisors
(319) 264-1165