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Office Unit with Flexible Layout
For Sale
$75,000

705 W 5th Street, Waterloo, IA 50702

Commercial Sale, Waterloo, IA

Property SizeContact for details
Lot Size0.05 Acres
Days on Market44

Property Features for 705 W 5th Street

General Information

Property type Commercial Sale
Property subtype Office
Zoning C-2
Directions From Hwy 218 turn to the south in W 5th St, Property is on left side
Standard status Active
APN 891326406018
Lot size 0.05 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description DOES ADDITION SW 34 FT NE 74 FT LOT 5 BLK 18
Tax Annual Amount 921
Legal Description DOES ADDITION SW 34 FT NE 74 FT LOT 5 BLK 18

Utilities

Heating system Natural Gas, Forced Air
Cooling system Central Air

Amenities

dedicated parking
signage opportunities

Building Details

Year built 1977
Listing Agency: Re/Max Concepts · RE/MAX International
Listed By: Gordon Sorensen · License #NBR966
Added: Jul 24 Changed: Aug 28 Last Checked: Sep 5 at 11:06AM
MLS# 20263453

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 office property at 705 W 5th Street provides a configurable commercial interior suited to a range of office-oriented layouts. The building can accommodate an open arrangement or be adapted with private offices, supporting businesses seeking a straightforward space for professional operations. Dedicated parking is available for employees and visitors, while exterior façade and roadside signage opportunities provide ways to identify the business from the street.

Constructed in 1977, the property has forced-air heating powered by natural gas and central air conditioning. The site encompasses 0.05 acres and carries C-2 zoning. Its Waterloo address places the building on W 5th Street, offering a visible setting for an office user that also values storefront-style exposure.

Key Highlights

  • C‑2 zoning
  • Flexible interior suitable for open or private‑office configurations
  • Dedicated parking for employees and visitors

Property Analytics

Current Use

Golden Myanmar Groceries Grocery & Convenience Store Vigo Bank

Suggested Use

Top Pick Skin Care Clinic (Bike/Boat/Book/etc) Store Locksmith Furniture & Home Goods Home Appliance Store Catering Service

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

1,129
Businesses Nearby

Demographics for 50702, IA

20,447
Population
9,722
Households
2.1
Avg Household Size
37
Median Age
21%
College-Educated
89%
High-School Grad
9.8 sq mi
ZIP Area
2,086
Density / Sq Mi
$59,784
Median Household Income
$38,826
Median Earnings
$926
Median Rent
$145,800
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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - C-2-zoned commercial property with dedicated parking and exterior signage opportunities.
Where is this office units located?
The property is located at 705 W 5th Street Waterloo, IA.
What is the asking price?
The asking price for this property is $75,000.
What are key features of this property?
This property features: C‑2 zoning; Flexible interior suitable for open or private‑office configurations; Dedicated parking for employees and visitors
More about this property
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