Corner Lower-Level Office
For Lease
$12 SF/Yr
1118 Ansborough Avenue, Waterloo, IA 50701
COMMERCIAL - Waterloo, IA
Space Size2,100 SF
Lot Size0.25 Acres
Days on Market123
Property Features for 1118 Ansborough Avenue
General Information
Property type
Commercial Lease
Property subtype
Office
Zoning
C
Lot features
Close to Shopping
Directions
Corner of University Ave. & Ansborough Ave.
Standard status
Active
APN
891328230006
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Downing Place Lot 19 Blk 17 Lot 20 Blk 17 City of Waterloo County of Black Hawk State of Iowa (See Abstract for Complete Legal Description)
Tax Annual Amount
9094
Legal Description
Downing Place Lot 19 Blk 17 Lot 20 Blk 17 City of Waterloo County of Black Hawk State of Iowa (See Abstract for Complete Legal Description)
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Amenities
unisex bathroom
dedicated storage space
two separate access points
Building Details
Year built
1967
Flooring type
Tile, Carpet
Building materials
Block
Roof type
Membrane
Listing Agency:
Berkshire Hathaway Home Services One Realty Centre · Berkshire Hathaway HomeServices
(319) 233-7000
Listed By:
Jason Strelow · License #B37568
(319) 961-3000
Added: Apr 12
Changed: Aug 5
Last Checked: Aug 12 at 12:06AM
MLS# 20261480
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.
Position your business at 1118 Ansborough Avenue in Waterloo with a highly visible corner property featuring 2,100 sq. ft. of fully finished lower-level office/retail space. The layout includes eight offices, a unisex bathroom, dedicated storage space, and two separate access points, supporting multi-tenant use, departmental separation, or increased client flow.
An additional 400 sq. ft. garage or storage area expands day-to-day operational flexibility. The building is block construction with carpet and tile flooring, natural gas forced-air heating, and central air conditioning. The roof is membrane, and the property was built in 1967.
The site sits on a 0.25-acre lot and is served by available water and public sewer. Zoning is listed as C, and the corner location provides easy access between Waterloo and Cedar Falls.
An additional 400 sq. ft. garage or storage area expands day-to-day operational flexibility. The building is block construction with carpet and tile flooring, natural gas forced-air heating, and central air conditioning. The roof is membrane, and the property was built in 1967.
The site sits on a 0.25-acre lot and is served by available water and public sewer. Zoning is listed as C, and the corner location provides easy access between Waterloo and Cedar Falls.
Key Highlights
- 2,100 sq. ft. fully finished lower‑level office/retail space
- Additional 400 sq. ft. garage or storage area
- Eight offices plus a unisex bathroom
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
319
Businesses Nearby
Explore this area
Business Placement
Demographics for 50701, IA
29,806
Population
14,530
Households
2.1
Avg Household Size
39
Median Age
30%
College-Educated
95%
High-School Grad
79.1 sq mi
ZIP Area
377
Density / Sq Mi
$62,857
Median Household Income
$41,464
Median Earnings
$846
Median Rent
$183,400
Median Home Value
Market
Lease Benchmarks for Waterloo, IA
$8.76 /SF/Yr
Avg Asking Price
$0.54–$24 /SF/Yr
Price Range
13,202 SF
Avg Space Size
This space is priced 37% above the average of $8.76 /SF/Yr.
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Corner lower-level suite with central air, eight offices, and two separate access points for flexible office or retail use.
Where is this office units located?
The property is located at 1118 Ansborough Avenue Waterloo, IA.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: 2,100 sq. ft. fully finished lower‑level office/retail space; Additional 400 sq. ft. garage or storage area; Eight offices plus a unisex bathroom
