Medical Office
1655 E San Marnan Drive, Waterloo, IA 50702
For Lease
$32 SF/Yr
Commercial Lease, Waterloo, IA
Space Size2,406 SF
Lot Size1.34 Acres
Days on Market445
Property Features for 1655 E San Marnan Drive
General Information
Property type
Property subtype
Zoning
Directions
Standard status
APN
Lot size
Additional Details
Condition
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Amenities
staff lounge
Building Details
Year built
Listing Agency:
Lockard Realty Company
(319) 277-8000
Listed By:
Lindsey McEnaney · License #S70812000
(563) 419-7644
Added: Aug 20, 2025
Changed: Nov 4
Last Checked: Nov 7 at 10:06AM
MLS# 20254031
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.
The 2,406-square-foot suite was previously used for medical services and includes multiple exam rooms, a treatment area, a staff lounge, and lab/prep space. Built in 2015, the space is configured for healthcare or professional use and is zoned C-2.
The property is on East San Marnan Drive near the I-380 and US 218 interchange. Co-tenants include UnityPoint Clinic Express, Miracle Ear, Athletico Physical Therapy, and Fancy Nail & Spa. Target, Kwik Star, and CVS are identified as retail anchors in the surrounding area, and ample parking is noted.
The property is on East San Marnan Drive near the I-380 and US 218 interchange. Co-tenants include UnityPoint Clinic Express, Miracle Ear, Athletico Physical Therapy, and Fancy Nail & Spa. Target, Kwik Star, and CVS are identified as retail anchors in the surrounding area, and ample parking is noted.
Key Highlights
- 2,406‑square‑foot medical office suite
- Multiple exam rooms, treatment area, staff lounge, and lab/prep space
- Built in 2015
Property Analytics
Who owns this building?
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
NNN (Triple Net)
Lease Type
$4.80 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
579
Businesses Nearby
Under-served
Demand for This Use
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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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Market
Lease Benchmarks for Waterloo, IA
$21 /SF/Yr
Avg Asking Price
$13–$32 /SF/Yr
Price Range
13,340 SF
Avg Space Size
This space is priced 52% above the average of $21 /SF/Yr.
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Exam rooms, treatment space, a staff lounge, and lab/prep space support healthcare or professional occupancy.
Where is this medical office space located?
The property is located at 1655 E San Marnan Drive Waterloo, IA.
What is the lease rate?
The lease rate is $32 SF/Yr.
What are key features of this property?
This property features: 2,406‑square‑foot medical office suite; Multiple exam rooms, treatment area, staff lounge, and lab/prep space; Built in 2015
