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Office Suite with Private Offices
For Lease
$13 SF/Yr

402 E 4th Street, Waterloo, IA 50703

A collaborative workspace combines enclosed offices, meeting space, a kitchen, and ample on-site parking.

Space Size7,395 SF
Property Size17,208 SF
Days on Market1427

Property Features for 402 E 4th Street

General Information

Standard status Active
Size 7,395 SF
Net Rentable 7,395 SF
Total Parking Spaces 60
Zoning C-3

Space & Availability

Available Space 7,395 SF
Contiguous Space 7,395 SF
Space Use Office
Private Offices 9
Meeting Rooms 1

Additional Details

Highway Access Yes

Taxes and HOA fees

Annual Taxes $42,532

Amenities

reception area
kitchen
open collaboration space

Building Details

Building Size 17,208 SF
Year Built 1980
Listing Agency: AWRE - Commercial & Development
Listed By: Phillip Shirk · License #B63101000
Source: Gnbrealestate
Added: Nov 28, 2022 Changed: Oct 24 Last Checked: Oct 24 at 2:57PM

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

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This 7,395-square-foot office suite includes nine private offices, a reception area, a conference room, a kitchen, and open collaboration space. The building dates to 1980, and the property is zoned C-3.

At 402 E 4th Street, the suite sits at Mulberry and East 4th in downtown Waterloo. Multiple retail spaces and restaurants are within walking distance, and Highway 218 and US 63 are a short drive away.

Key Highlights

  • 7,395 square feet of office space
  • Nine private offices, reception area, conference room, kitchen, and open collaboration area
  • 60 parking spaces

Property Analytics

Current Use

ASI Computer Systems ... (Bike/Boat/Book/etc) Store Visual Logic Marketing & Advertising

Suggested Use

Top Pick HVAC Service Building Supply Grocery & Convenience Store Pharmacy Gym & Fitness Center Restaurant

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
NNN (Triple Net)
Lease Type
$1.95 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

35
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

Lease Benchmarks for Waterloo, IA

$12.83 /SF/Yr
Avg Asking Price
$5.28–$20 /SF/Yr
Price Range
12,878 SF
Avg Space Size

This space is priced 1% above the average of $12.83 /SF/Yr.

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

Frequently Asked Questions

What type of property is this?
Office unit - A collaborative workspace combines enclosed offices, meeting space, a kitchen, and ample on-site parking.
Where is this office unit located?
The property is located at 402 E 4th Street Waterloo, IA.
What is the lease rate?
The lease rate is $13 SF/Yr.
What are key features of this property?
This property features: 7,395 square feet of office space; Nine private offices, reception area, conference room, kitchen, and open collaboration area; 60 parking spaces
More about this property
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