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796 11th St
Marion, IA 52302

$725,000 USD

Restaurant Condo For Sale  •  4,813 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 18,568 SF
  • Lot Size 0.25 AC
  • Building Class B
  • Year Built 1901
  • Tenancy Multiple
  • Zoning U-1
30 Transit Score
70 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit A Retail 4,813 SF $725,000 USD
  • Unit Size: 4,813 SF
  • Condo Use: Retail
  • Price: $725,000 USD
  • Sale Type: Investment
  • Price/SF: $150.63 USD
Description
This commercial condo unit offers a fully equipped, recently renovated restaurant space located on the first floor of a mixed-use building in Uptown Marion. The property includes a full catering-size kitchen, providing an operational advantage for food service businesses. Designed for efficiency and durability, the interior improvements align with modern restaurant requirements while maintaining flexibility for future use. The building is situated in a walkable, active district with strong access to surrounding business and retail activity.

Sale Notes
Presenting a fully leased commercial condominium investment opportunity in the heart of Uptown Marion. The offering consists of a first-floor restaurant space recently upgraded with a full catering-size kitchen to support extensive service or catering operations. Currently occupied by BarTini’s under a 5-year lease that commenced on October 1, 2025, this property delivers immediate income stability and predictable returns.

Investors will benefit from a tax abatement program active through 2030, reducing ownership expenses and enhancing long-term value. The unit is positioned within a thriving commercial environment featuring dense retail, dining, and pedestrian traffic, ensuring ongoing tenant viability. This is an excellent opportunity for buyers seeking a stabilized asset secured under current lease terms with tenant improvements already in place.

Description

A fully leased commercial condo unit is now available for sale in the vibrant Uptown Marion district. Positioned on the first floor, this property features a recently renovated restaurant space complete with a full catering-size kitchen, ensuring modern functionality and operational efficiency. The unit is occupied by BarTini’s, an established restaurant operator with a five-year lease that commenced on October 1, 2025, providing immediate income stability with predictable cash flow.

Adding to its investment appeal, the property benefits from a tax abatement program in place through 2030, significantly enhancing long-term holding economics. Located in one of Marion’s most dynamic commercial corridors, the asset offers strong visibility, high pedestrian activity, and proximity to a wide range of retail, dining, and business amenities. This stabilized opportunity combines a secure tenancy, recent capital improvements, and favorable tax incentives in a highly sought-after location.

Highlights

BarTini’s occupies under a five-year lease commencing October 2025.
Located in Marion’s active Uptown district surrounded by retail and dining traffic.
Tax abatement benefit in effect through 2030 for enhanced owner returns.
Situated in a walkable, thriving commercial corridor with consistent customer draw.

Property Flyers

Public Transportation

AirportDriveWalkDistance
The Eastern Iowa 27 min - 16.3 mi
Angie Glick 319-731-3400 GLD Commercial
Angie Glick 319-731-3400 GLD Commercial