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Two-Level Office Building

191 W 5th St, Waterloo, IA 50701

For Sale
New
$475,000

Commercial Sale, Waterloo, IA

Property Size18,023 SF
Lot Size1.74 Acres
Price / SF$26.36
Days on Market2

Property Features for 191 W 5th St

General Information

Property type Commercial Sale
Property subtype Other
High school district 000000
Standard status Active
APN 940001 - WATERLOO, 0.000000000-000.000-0
Size 18,023 SF
Lot size 1.74 Acres

Additional Details

Property Use Office

Building Details

Year built 1988
Buildings 1
Listing Agency: Bang Realty
Listed By: Brian Brockman
Added: Nov 5 Last Checked: Nov 6 at 6:06PM
MLS# 12057242

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This 18,023-square-foot former bank building, completed in 1988, offers two levels of office space. Its floor plan combines enclosed offices with open bullpen areas, and a substantial parking field serves the property.

The 1.74-acre site is in Waterloo, on a corner along the Cedar River.

Key Highlights

  • 18,023+/- square feet of office space across two levels
  • 1.74+/- acres along the Cedar River
  • Built in 1988

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

TRT VitaMed Physician Wells Fargo Bank Bank Wells Fargo Home ... Loan Service Wells Fargo ATM Atm Wells Fargo Advisors Financial Advisor

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Pharmacy Auto Parts Store Skin Care Clinic Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,361
Businesses Nearby

Demographics for 50701, IA

29,806
Population
14,530
Households
2.1
Avg Household Size
39
Median Age
30%
College-Educated
95%
High-School Grad
79.1 sq mi
ZIP Area
377
Density / Sq Mi
$62,857
Median Household Income
$41,464
Median Earnings
$846
Median Rent
$183,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Office buildings in Waterloo

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Office building - A combination of private rooms and open bullpen areas provides multiple workplace configurations.
Where is this office building located?
The property is located at 191 W 5th St Waterloo, IA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 18,023+/- square feet of office space across two levels; 1.74+/- acres along the Cedar River; Built in 1988
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