Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/2324/ Marcus & Millichap, in conjunction with RI Marketplace, is pleased to present a ±1.99-acre land parcel located at 225 Dillin Street (the “Property”) in Marengo, Iowa. This Property offers an exceptional investment opportunity via development and FIRST BID MEETS RESERVE! The Property is a ±1.99-acre parcel situated adjacent to Dollar General Market with access on US Hwy 6 with traffic counts of 2,994 vehicles per day and near Western Avenue with traffic counts of ±2,835 vehicles per day. The Property benefits from proximity to Big G Foods, True Value Hardware, Casey’s Gas, Marengo Farm & Home, Carquest, Keystone Savings Bank, and more. The Property is zoned C-2 Commercial, making this site suitable for a variety of commercial uses. Marengo, Iowa, the county seat of Iowa County, is positioned along U.S. Route 6 and near Interstate 80. The town is located approximately 35 miles southwest of Cedar Rapids and 30 miles west of Iowa City, home to the University of Iowa. The Property is easily accessible and is ideally positioned just 8-miles north of the highly trafficked I-80 offering regional connectivity. The Property benefits from strong demographics with a population of 11,091 residents and an average household income of $88,589 within a 10-mile radius.