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Built-Out Medical Office Suite
For Lease
$32 SF/Yr

1655 E San Marnan Drive #E, Waterloo, IA 50702

Existing exam rooms, treatment space, and lab areas support healthcare and professional operations.

Space Size2,224 SF
Property Size14,840 SF
Days on Market355

Property Features for 1655 E San Marnan Drive #E

General Information

Standard status Active
Size 2,224 SF
Net Rentable 2,224 SF
Zoning C-2
Lease Type /mo

Space & Availability

Available Space 2,224 SF
Contiguous Space 2,224 SF
Space Use Medical Office
Condition Turnkey

Site & Location

Highway Access Yes
Road Access Yes

Taxes and HOA fees

Annual Taxes $109,578

Building Details

Building Size 14,840 SF
Year Built 2015
Listing Agency: AWRE - Commercial & Development
Listed By: Lindsey McEnaney · License #S70812000
Source: Sweeneyrealestate
Added: Aug 20, 2025 Changed: Aug 2 Last Checked: Aug 8 at 12:33PM

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 2,224-square-foot medical office suite occupies space built out for clinical operations and was constructed in 2015. The interior includes multiple exam rooms, a treatment area, staff lounge, and lab/prep space, providing a practical configuration for healthcare providers and professional users. The property is zoned C-2 and is available for lease.

The suite is located at 1655 E San Marnan Drive #E in Waterloo, along a heavily trafficked retail corridor near the I-380 and US 218 interchange. Co-tenants include UnityPoint Clinic Express, Miracle Ear, Athletico Physical Therapy, and Fancy Nail & Spa. The surrounding retail environment includes Target, Kwik Star, and CVS, with ample parking serving the area.

Key Highlights

  • 2,224 SF medical office suite with multiple exam rooms
  • Treatment room, staff lounge, and lab/prep area
  • Built out for clinical operations; constructed in 2015

Property Analytics

Current Use

Emily Ball Physician Fancy Nails and Spa Nail Salon William Durbin Pediatrician Katie Hoover A.R.N.P. Medical Clinic Nicole Payne, ARNP Physician

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Dental Office HVAC 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

Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$4.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

492
Businesses Nearby
Balanced
Demand for This Use

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

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 - Existing exam rooms, treatment space, and lab areas support healthcare and professional operations.
Where is this medical office space located?
The property is located at 1655 E San Marnan Drive #E Waterloo, IA.
What is the lease rate?
The lease rate is $32 SF/Yr.
What are key features of this property?
This property features: 2,224 SF medical office suite with multiple exam rooms; Treatment room, staff lounge, and lab/prep area; Built out for clinical operations; constructed in 2015
More about this property
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