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Basement Flex Office/Warehouse Suite
For Sale
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4807 University Avenue, Cedar Falls, IA 50613

Basement suite with daylight windows, multiple rooms and bathrooms, and two covered overhead doors.

Property Size13,414 SF
Price / SF$0.94
Days on Market572

Property Features for 4807 University Avenue

General Information

Standard status Active
Size 13,414 SF
Total Parking Spaces 16
Property subtype Commercial
Zoning c-2
Lease Type Gross

Additional Details

Drive-In Doors 2

Taxes and HOA fees

Annual Taxes $41,477

Amenities

Carpet
City Street,Paved 4Lane
1.7
13414

Building Details

Building Size 13,414 SF
Year Built 1979
Stories 2
Listing Agency: AWRE - Commercial & Development
Listed By: Alex Miller
Source: Pinnaclerealtyia
Added: Feb 14, 2025 Changed: Sep 8 Last Checked: Sep 8 at 4:01AM

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 AWRE - Commercial & Development

Investment Insights

Based on property information with market context.

This for-sale flex suite offers approximately 4,906 sq. ft. of office or storage/warehouse space located in the basement of the Chalet building. The space includes daylight windows and a layout designed with separated rooms and multiple bathrooms, including 3 private stalls. Access is available from the interior front lobby via a flight of stairs, or directly from the rear exterior through a walk-out basement entrance.

Parking is available directly in front of the lower access, including 15 stalls in the back of the building and 1 handicap stall, with additional parking in front of the building. The suite features two overhead doors that are currently covered and non-functioning; one is within the suite and the other is in a shared common space, with potential to be restored for active use.

The previous use was a dance studio, and the interior configuration can be modified to fit the needs of the next occupant. The lease is listed as gross, with the tenant responsible for utilities.

Key Highlights

  • Basement suite with daylight windows in the Chalet, totaling 13,414 SF of office or storage/warehouse space
  • Two covered overhead doors (one in the suite and one in a shared common space); both currently covered and non‑functioning
  • Two access options: interior front lobby with stairs or direct rear walk‑out basement access

Property Analytics

Current Use

QuickHIT Fitness - Waterloo Gym & Fitness Center Judy Schindel, CPA Accounting Firm Hair It Is Hair Salon Upper Iowa University ... Training Center Hertz Car Rental ... Car Rental Facility

Suggested Use

Top Pick Law Firm Building Supply Spa & Massage Center Hair Salon HVAC Service Electrical 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.

Lease Details

2
Drive-in doors

Location Intelligence

Trade Area within ½ mile

519
Businesses Nearby
Under-served
Demand for This Use

Demographics for 50613, IA

43,667
Population
17,808
Households
2.5
Avg Household Size
32
Median Age
48%
College-Educated
97%
High-School Grad
127.6 sq mi
ZIP Area
342
Density / Sq Mi
$75,642
Median Household Income
$33,099
Median Earnings
$1,176
Median Rent
$258,300
Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Basement suite with daylight windows, multiple rooms and bathrooms, and two covered overhead doors.
Where is this flex space located?
The property is located at 4807 University Avenue Cedar Falls, IA.
What are key features of this property?
This property features: Basement suite with daylight windows in the Chalet, totaling 13,414 SF of office or storage/warehouse space; Two covered overhead doors (one in the suite and one in a shared common space); both currently covered and non‑functioning; Two access options: interior front lobby with stairs or direct rear walk‑out basement access
More about this property
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