Retail Shell
For Lease
$20 SF/Yr
1655 E San Marnan Drive, Waterloo, IA 50702
Commercial Lease, Waterloo, IA
Space Size2,800 SF
Lot Size1.34 Acres
Days on Market436
Property Features for 1655 E San Marnan Drive
General Information
Property type
Commercial Lease
Property subtype
Office
Zoning
C-2
Directions
Off of East San Marnan in Waterloo
Standard status
Active
APN
881302201025
Lot size
1.34 Acres
Additional Details
Condition
Shell
Taxes and HOA fees
Tax Year
2024
Tax Description
CROSSROADS RETAIL CENTER ADDN LOT B EXC PAR P PLAT OF SURVEY 2023-4260 PART OF LOT B CROSSROADS RETAIL CENTER ADD DESC AS FOL BEG AT THE MOST SWLY COR LOT B TH N 00DEG 30 MIN 21 SEC W 26.32 FT TH N 35 DEG 54 MIN 07 SEC E 27.79 FT TH N 00 DEG 44 MIN 38 SEC
Tax Annual Amount
109578
Legal Description
CROSSROADS RETAIL CENTER ADDN LOT B EXC PAR P PLAT OF SURVEY 2023-4260 PART OF LOT B CROSSROADS RETAIL CENTER ADD DESC AS FOL BEG AT THE MOST SWLY COR LOT B TH N 00DEG 30 MIN 21 SEC W 26.32 FT TH N 35 DEG 54 MIN 07 SEC E 27.79 FT TH N 00 DEG 44 MIN 38 SEC
Building Details
Year built
2015
Listing Agency:
Lockard Realty Company
(319) 277-8000
Listed By:
Lindsey McEnaney
(563) 419-7644
Added: Aug 20, 2025
Changed: Oct 28
Last Checked: Oct 29 at 2:06AM
MLS# 20254030
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 2,800-square-foot shell suite at Crossing Point Plaza offers a flexible starting point for a retail, office, or service-based layout. The property was built in 2015 and is zoned C-2.
The plaza is on East San Marnan Drive near the I-380/US 218 interchange in Waterloo. Co-tenants include UnityPoint Clinic Express, Miracle Ear, Athletico Physical Therapy, and Fancy Nail & Spa. Nearby retail anchors include Target, Kwik Star, and CVS, with parking available at the plaza.
The plaza is on East San Marnan Drive near the I-380/US 218 interchange in Waterloo. Co-tenants include UnityPoint Clinic Express, Miracle Ear, Athletico Physical Therapy, and Fancy Nail & Spa. Nearby retail anchors include Target, Kwik Star, and CVS, with parking available at the plaza.
Key Highlights
- 2,800 square feet of shell retail/office space
- C‑2 zoning
- Located in Crossing Point Plaza on East San Marnan Drive
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
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
579
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
$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 Office in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - A customizable plaza suite supports retail, office, or service-oriented layouts.
Where is this retail space located?
The property is located at 1655 E San Marnan Drive 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/office space; C‑2 zoning; Located in Crossing Point Plaza on East San Marnan Drive
