3 4Th Ave, Marshalltown, IA 50158
231,400 SF Health Care Building Offered For Sale in Marshalltown, IA 50158
For Sale
Active
9 pictures
- Property Type
-
Health Care
- Square Feet
- 231,400 SF
Listing Contacts
Steve Scott
Emma Diaz
Property Overview
Locate Commercial Real Estate has been retained to offer the former Hospital Complex in Marshalltown, Iowa. The 306,655 square foot facility is made up of multiple interconnected buildings located on a strategic 7 acre parcel in the downtown core of the city. It operated as a full service acute care hospital and medical office until Spring 2022, at which time operations were moved to a newly constructed facility in Marshalltown.
The city is supportive of a major redevelopment of the property into a mixed use campus that would offer market rate and/or low income multifamily housing, senior housing, assisted living, retail and restaurants, and medical/office spaces. The site is in Marshalltown’s Downtown Urban Renewal District which affords it multiple financial assistance opportunities including tax abatement and TIF rebates, the latter of which can be very substantial because the property has previously paid no property taxes when operated as a hospital.
The city is supportive of a major redevelopment of the property into a mixed use campus that would offer market rate and/or low income multifamily housing, senior housing, assisted living, retail and restaurants, and medical/office spaces. The site is in Marshalltown’s Downtown Urban Renewal District which affords it multiple financial assistance opportunities including tax abatement and TIF rebates, the latter of which can be very substantial because the property has previously paid no property taxes when operated as a hospital.
Property Details
- Class
- B
- Year Built/Renovated
- 1966/2007
- Stories
- 4
- Property Subtype
- Hospital, Assisted Living, Congregate Senior Housing, Continuing Care Retirement Community
- Lot Size (sq. ft)
- 251,341 SF
- Units
- 500
Nearby Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].