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

1655 E San Marnan Dr, Waterloo, IA 50702

Configured healthcare space with exam rooms, treatment area, staff lounge, and lab preparation space.

Space Size2,224 SF
Days on Market27

Property Features for 1655 E San Marnan Dr

General Information

Standard status Active
Size 2,224 SF
Net Rentable 2,224 SF

Space & Availability

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

Additional Details

Highway Access Yes

Building Details

Year Built 2015
Listing Agency: AWRE - Commercial & Development
Listed By: Lindsey McEnaney · License #S70812000
Source: Kwlegacyrealty
Added: Aug 16 Changed: Sep 10 Last Checked: Sep 10 at 12:20AM

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.

The 2,224-square-foot medical office suite was built in 2015 and includes a practical clinical layout with multiple exam rooms, a treatment area, staff lounge, and lab/prep space. The existing build-out supports healthcare and professional office operations without requiring a basic shell conversion.

The property is located at 1655 E San Marnan Dr in Waterloo, along a retail corridor near the I-380 / US 218 interchange. Co-tenants include UnityPoint Clinic Express, Miracle Ear, Athletico Physical Therapy, and Fancy Nail & Spa. The surrounding center includes national retailers and ample parking, with Target, Kwik Star, and CVS identified as anchors.

Key Highlights

  • 2,224‑square‑foot medical office suite
  • Built in 2015 with an existing medical build‑out
  • Multiple exam rooms and a dedicated treatment area

Property Analytics

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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
NNN (Triple Net)
Lease Type
$4.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

574
Businesses Nearby
Under-served
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Configured healthcare space with exam rooms, treatment area, staff lounge, and lab preparation space.
Where is this medical office space located?
The property is located at 1655 E San Marnan Dr 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‑square‑foot medical office suite; Built in 2015 with an existing medical build‑out; Multiple exam rooms and a dedicated treatment area
More about this property
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