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Updated Office Suite in C1
For Sale
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517 Rhey St, Waterloo, IA 50703

SINGLE_FAMILY - Waterloo, IA

Property Size655 SF
Lot Size1.74 Acres
Price / SF$0.76
Days on Market52

Property Features for 517 Rhey St

General Information

Property type Residential
Property subtype Office
Zoning C1
Directions vinton to rhey
Standard status Active
APN 891325230015
Lot size 1.74 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description Per Abstract
Tax Annual Amount 4403
Legal Description Per Abstract

Building Details

Year built 1946
Listing Agency: Lockard Realty Company
Listed By: Michael Taylor · License #S40482
Added: Jun 12 Changed: Jun 13 Last Checked: Aug 2 at 3:06AM
MLS# 20262660

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This newly redone office space presents a clean, updated interior and is ready for immediate occupancy. The suite is approximately 655 square feet and has been refreshed with fresh updates aimed at providing a professional, turnkey environment for day-to-day operations.

Located at 517 Rhey St in Waterloo, IA 50703, the property sits on a 1.743-acre lot and is listed under C1 zoning. The offering is positioned as available for possible sale, with the space currently marketed as ready for a new business move-in.

For tenants or buyers seeking a manageable, professional footprint, this suite offers practical flexibility within an office format. The property is marketed as suitable for a range of professional, retail, or service-based operations, subject to confirmation of applicable requirements under C1 zoning. If you’re evaluating options for a small office with updated finishes, this listing is designed to support straightforward move-in without the need for immediate refresh work.

Key Highlights

  • Newly redone 655 sq. ft. office space available for rent or possible sale
  • Fresh updates and a clean look—ready for your business to move right in
  • Property built in 1946

Property Analytics

Current Use

Camenzind Masonry, LLC General Contractor B & G Builders Construction Company J & J Masonry ... General Contractor

Suggested Use

Top Pick HVAC Service Pharmacy (Bike/Boat/Book/etc) Store Locksmith Catering Service Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

238
Businesses Nearby

Demographics for 50703, IA

18,913
Population
8,705
Households
2.2
Avg Household Size
38
Median Age
13%
College-Educated
87%
High-School Grad
93.2 sq mi
ZIP Area
203
Density / Sq Mi
$49,412
Median Household Income
$33,105
Median Earnings
$926
Median Rent
$92,500
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Newly redone office space in C1 zoning, offered for sale with turnkey, move-in-ready finishes.
Where is this office units located?
The property is located at 517 Rhey St Waterloo, IA.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: Newly redone 655 sq. ft. office space available for rent or possible sale; Fresh updates and a clean look—ready for your business to move right in; Property built in 1946
More about this property
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