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    123 E Bremer Ave Waverly, IA 50677

    For Lease
    $8 SF/Yr ($2,032 /Mo)

    COMMERCIAL - Waverly, IA

    Type:Office
    Lot size:
    0.07 Acres
    Days on Market:
    37
    Last Refresh:
    Dec 14 at 8:06 am

    Property Features for 123 E Bremer Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    Zoning
    Commercial
    APN
    0902134014
    Lot size
    0.07 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1912
    Flooring type
    Wood
    Building materials
    Brick
    Roof type
    Membrane

    Century 21 Signature Real Estate (319) 239-1281 [email protected]

    Listing agent Timothy Lalk (319) 352-1157

    Listing date Nov 8, 2025

    Copyright © 2025 Northeast Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waverly Corner Commercial Space

    This corner commercial space in downtown Waverly offers approximately 2,900 square feet on the main floor, complemented by an additional 2,900 square feet of basement space available at no extra cost. The location features two entry points, providing easy access from both the main and side roads. The property has an open floor plan with flexible layout options. It is surrounded by local businesses, boutiques, and restaurants. The tenant pays base rent plus utilities under a modified gross lease. The property benefits from downtown visibility and is positioned to capitalize on the upcoming bridge opening. The basement space can be used for storage, production, or workshops. The main floor features large display windows.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waverly
    County
    Bremer
    State
    Iowa
    Longitude
    -92.468286
    Latitude
    42.726118

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    FAQs

    What type of property is this?
    Office space - Prime downtown Waverly commercial space with basement, available for lease.
    Where is this office space located?
    The property is located at 123 E Bremer Ave Waverly, IA.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: - Prime downtown corner location with high visibility and two entry points.; - Benefit from 2,900 sq ft of free basement space, doubling the usable area.; - Large display windows ideal for showcasing products or services.
    (319) 352-1157
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    123 E Bremer Ave Waverly, IA 50677
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