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Retail Suite in Shopping Center
For Lease
$20 SF/Yr

1655 E San Marnan Drive Unit D, Waterloo, IA 50702

A 2015 shell space offers a customizable interior for retail, office, or service-oriented occupancy.

Space Size2,800 SF
Property Size14,840 SF
Days on Market435

Property Features for 1655 E San Marnan Drive Unit D

General Information

Standard status Active
Size 2,800 SF
Net Rentable 2,800 SF
Property subtype Office/Retail

Space & Availability

Available Space 2,800 SF
Contiguous Space 2,800 SF
Space Use Retail/Office

Site & Location

Anchor Co-Tenants UnityPoint Clinic Express, Miracle Ear, Athletico Physical Therapy, Fancy Nail & Spa, Target, Kwik Star, CVS
Highway Access Yes

Taxes and HOA fees

Annual Taxes $109,578

Amenities

ample parking

Building Details

Building Size 14,840 SF
Year Built 2015
Tenancy Multi
Listing Agency: AWRE-Commercial & Development
Listed By: Lindsey McEnaney · License #S70812000
Source: Karensteffeshomes
Added: Aug 20, 2025 Changed: Oct 27 Last Checked: Oct 27 at 4:18AM

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

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Investment Insights

Based on property information with market context.

This 2,800-square-foot retail suite is delivered in shell condition, allowing the interior to be configured for retail, office, or service-based use. The space is part of Crossing Point Plaza, a multi-tenant center built in 2015. Existing co-tenants include UnityPoint Clinic Express, Miracle Ear, Athletico Physical Therapy, and Fancy Nail & Spa.

The property is on East San Marnan Drive in Waterloo, near the I-380 and US 218 interchange. Target, Kwik Star, and CVS are identified as nearby retail anchors, and the center has ample parking. Tenant improvement allowance may be available to qualified tenants, subject to lease terms.

Key Highlights

  • 2,800 square feet of shell retail space
  • Built in 2015 at Crossing Point Plaza
  • Potential configurations include retail, office, or service uses

Property Analytics

Who owns this building? See the owner, sales and loan history
Open 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 Parking Lot & Garage HVAC Service Big Box & Wholesale Store

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

Multi-tenant
Tenancy
Yes
Highway access
NNN (Triple Net)
Lease Type
$3.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

574
Businesses Nearby
621k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 47% Shops & Services 21% Superstores 13% Apparel 12%
Target Superstores
80,027 visits/mo 0.1 miles
Chick-fil-A Dining
46,408 visits/mo 0.4 miles
T.J. Maxx Apparel
45,474 visits/mo 0.4 miles
Kwik Trip Shops & Services
41,329 visits/mo 0.4 miles
DICK'S Sporting Goods Apparel
27,956 visits/mo 0.4 miles

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
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Market

Lease Benchmarks for Waterloo, IA

$20.78 /SF/Yr
Avg Asking Price
$6–$40 /SF/Yr
Price Range
13,907 SF
Avg Space Size

This space is priced 4% below the average of $20.78 /SF/Yr.

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Retail space - A 2015 shell space offers a customizable interior for retail, office, or service-oriented occupancy.
Where is this retail space located?
The property is located at 1655 E San Marnan Drive Unit D Waterloo, IA.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: 2,800 square feet of shell retail space; Built in 2015 at Crossing Point Plaza; Potential configurations include retail, office, or service uses
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