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Multi-Tenant Medical Office Building
For Sale
Contact for pricing
Pending

124 NE 2nd, Waverly, IA 50677

Former eye care center with handicap accessibility, ample parking, and space that can support multiple tenants or one user.

Property Size5,980 SF
Days on Market148

Property Features for 124 NE 2nd

General Information

Standard status Pending
Size 5,980 SF
Property subtype Mixed Use

Additional Details

Highway Access Yes
Listing Agency: Berkshire Hathaway HomeServices One Realty Centre Waterloo
Listed By: Jason Strelow · License #IA B37568
Source: Crexi
Added: Apr 11 Changed: Aug 13 Last Checked: Sep 4 at 2:05PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices One Realty Centre Waterloo

Investment Insights

Based on property information with market context.

This multi-purpose commercial building was previously used as an eye care center and offers 5,980 square feet that can be divided for multiple tenants or used as a single business. The property includes great office space and plenty of lower-level storage, supporting a range of operational needs within the same building.

The building is located just off Bremer Ave. (HWY 3) in downtown Waverly, IA, with handicap accessibility and a substantial parking setup intended to support convenient customer and employee access.

The layout and existing configuration make the building well-suited for office users looking for flexibility, with the option to operate across multiple suites or consolidate operations under one tenancy. The seller would potentially consider a lease.

Key Highlights

  • Former eye care center in downtown Waverly, IA with 5,980 sq. ft. of commercial space
  • Space can be used for one business or divided for multiple tenants
  • Includes office space plus plenty of lower‑level storage

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Dental Office Big Box & Wholesale Store Auto Parts Store Parking Lot & Garage Storage Facility (Bike/Boat/Book/etc) Store

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

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

478
Businesses Nearby
Under-served
Demand for This Use

Demographics for 50677, IA

12,789
Population
5,053
Households
2.5
Avg Household Size
37
Median Age
41%
College-Educated
95%
High-School Grad
128.6 sq mi
ZIP Area
99
Density / Sq Mi
$82,950
Median Household Income
$39,065
Median Earnings
$880
Median Rent
$221,600
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
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Former eye care center with handicap accessibility, ample parking, and space that can support multiple tenants or one user.
Where is this medical office space located?
The property is located at 124 NE 2nd Waverly, IA.
What are key features of this property?
This property features: Former eye care center in downtown Waverly, IA with 5,980 sq. ft. of commercial space; Space can be used for one business or divided for multiple tenants; Includes office space plus plenty of lower‑level storage
(319) 961-3000 Call to check price and availability
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