Medical Office Suite With Exam
For Lease
$32 SF/Yr
1655 E San Marnan Drive, Waterloo, IA 50702
Commercial Lease, Waterloo, IA
Space Size2,224 SF
Lot Size1.34 Acres
Days on Market440
Property Features for 1655 E San Marnan Drive
General Information
Property type
Commercial Lease
Property subtype
Office
Zoning
C-2
Directions
Off of San Marnan Drive in Waterloo
Standard status
Active
APN
881302201025
Lot size
1.34 Acres
Additional Details
Condition
Turnkey
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 · License #S70812000
(563) 419-7644
Added: Aug 20, 2025
Changed: Oct 28
Last Checked: Nov 2 at 8:06PM
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.
This 2,224-square-foot medical office suite was built in 2015 and has an existing healthcare-oriented layout. The space includes multiple exam rooms, a treatment area, staff lounge, and lab/prep space. C-2 zoning is noted for the property.
The suite is at 1655 E San Marnan Drive in Waterloo, along the East San Marnan Drive 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. Nearby retailers named include Target, Kwik Star, and CVS; the property also has ample parking.
The suite is at 1655 E San Marnan Drive in Waterloo, along the East San Marnan Drive 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. Nearby retailers named include Target, Kwik Star, and CVS; the property also has ample parking.
Key Highlights
- 2,224‑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?
See the owner, sales and loan history
Open Analytics
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
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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Market
Lease Benchmarks for Waterloo, IA
$20.71 /SF/Yr
Avg Asking Price
$13–$32 /SF/Yr
Price Range
11,750 SF
Avg Space Size
This space is priced 54% above the average of $20.71 /SF/Yr.
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Healthcare-oriented layout includes exam rooms, a treatment area, staff lounge, and lab/prep space.
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: 2,224‑square‑foot medical office suite; Multiple exam rooms, treatment area, staff lounge, and lab/prep space; Built in 2015
