Office Suite with Flexible
For Lease
$24 SF/Yr CAM $7.96 /USD/SF/YR
1519 E San Marnan Drive, Waterloo, IA 50702
Commercial Lease, Waterloo, IA
Space Size1,450 SF
Lot Size1.09 Acres
Days on Market554
Property Features for 1519 E San Marnan Drive
General Information
Property type
Commercial Lease
Property subtype
Office
Zoning
C
Directions
Off of E San Marnan Drive in Waterloo, IA
Standard status
Active
APN
881302202002
Lot size
1.09 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
UNPLATTED WLOO WEST PART NE FRL 1/4 SEC 2 T 88 R 13 COM AT NW COR NE FRL 1/4 TH N 90 DEG 00 MIN E A DIST OF 1023.7 FT TH S 00 DEG 05 MIN W A DIST OF 458.6 FT TH S 23 DEG 24 1/2 MIN E A DIST OF 285.8 FT TH S 41 DEG 24 MIN E A DIST OF 233.1 FT TH SLY A DIST
Tax Annual Amount
86373
Legal Description
UNPLATTED WLOO WEST PART NE FRL 1/4 SEC 2 T 88 R 13 COM AT NW COR NE FRL 1/4 TH N 90 DEG 00 MIN E A DIST OF 1023.7 FT TH S 00 DEG 05 MIN W A DIST OF 458.6 FT TH S 23 DEG 24 1/2 MIN E A DIST OF 285.8 FT TH S 41 DEG 24 MIN E A DIST OF 233.1 FT TH SLY A DIST
Amenities
waiting area
flex break area
Building Details
Year built
1983
Listing Agency:
Lockard Realty Company
(319) 277-8000
Listed By:
Lindsey McEnaney
(563) 419-7644
Added: Apr 24, 2025
Changed: Oct 28
Last Checked: Oct 29 at 2:06AM
MLS# 20251787
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.
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Investment Insights
Based on property information with market context.
This 1,450-square-foot office and retail suite includes a waiting area, room to configure multiple offices, and a flexible break area. The property was built in 1983 and is zoned C.
Positioned on East San Marnan Drive near the I-380 and US 218 interchange, the suite sits among national retailers and food and service businesses. Nearby retail anchors include Target, Kwik Star, and CVS. A large parking area serves the property.
Positioned on East San Marnan Drive near the I-380 and US 218 interchange, the suite sits among national retailers and food and service businesses. Nearby retail anchors include Target, Kwik Star, and CVS. A large parking area serves the property.
Key Highlights
- 1,450 square feet of office and retail space
- Waiting area, potential for multiple offices, and flexible break area
- On East San Marnan Drive near the I‑380 and US 218 interchange
Property Analytics
Who owns this building?
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$3.60 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
605
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Waterloo, IA
$12.82 /SF/Yr
Avg Asking Price
$2.21–$32 /SF/Yr
Price Range
15,892 SF
Avg Space Size
This space is priced 87% above the average of $12.82 /SF/Yr.
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - The space combines a reception area, potential for several offices, and a flexible break area.
Where is this office unit located?
The property is located at 1519 E San Marnan Drive Waterloo, IA.
What is the lease rate?
The lease rate is $24 SF/Yr.
What are key features of this property?
This property features: 1,450 square feet of office and retail space; Waiting area, potential for multiple offices, and flexible break area; On East San Marnan Drive near the I‑380 and US 218 interchange
