Divisible Flex Commercial
New
For Lease
$10 SF/Yr
199 NW 20th Street, Waverly, IA 50677
Commercial Lease, Waverly, IA
Space Size6,480 SF
Lot Size6.00 Acres
Days on Market2
Property Features for 199 NW 20th Street
General Information
Property type
Commercial Lease
Property subtype
Office
Zoning
Commercial
Directions
Use google maps
Standard status
Active
APN
0904230014
Lot size
6.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
04-91-14 WILLOW LAWN 1ST ADD LOTS 1 THRU 5 BLK 2 "EX S & E FR PTS" & "EX PARCEL C"
Tax Annual Amount
123970
Legal Description
04-91-14 WILLOW LAWN 1ST ADD LOTS 1 THRU 5 BLK 2 "EX S & E FR PTS" & "EX PARCEL C"
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Building Details
Year built
1969
Listing Agency:
Century 21 Signature RE · Century 21 Real Estate
(319) 352-1157
Listed By:
Timothy Lalk · License #S71966000
(319) 504-9351
Added: Aug 28
Changed: Aug 29
Last Checked: Aug 29 at 8:06PM
MLS# 20264125
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.
Investment Insights
Based on property information with market context.
This flex space provides 6,480 SF of currently open interior area for a tenant-specific build-out. The owner can lease the full building or divide it into a smaller configuration, allowing the premises to be tailored to the tenant’s requirements. Build-to-suit plans may accommodate office, medical, retail, service, showroom, or other commercial applications.
The property occupies 6 acres and carries Commercial zoning. Built in 1969, the building is equipped with forced-air, natural-gas heating and central air conditioning. The property is located at 199 NW 20th Street in Waverly, Iowa.
The property occupies 6 acres and carries Commercial zoning. Built in 1969, the building is equipped with forced-air, natural-gas heating and central air conditioning. The property is located at 199 NW 20th Street in Waverly, Iowa.
Key Highlights
- 6,480 SF of open interior space available for tenant‑specific build‑out
- Owner will consider leasing the full building or a portion of the space
- Build‑to‑suit options support office, medical, retail, service, and showroom uses
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.50 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 50677, IA
12,789
Population
5,053
Households
2.5
Avg Household Size
37
Median Age
41%
College-Educated
95%
High-School Grad
128.6 sq mi
ZIP Area
99
Density / Sq Mi
$82,950
Median Household Income
$39,065
Median Earnings
$880
Median Rent
$221,600
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Open-plan commercial premises offer build-to-suit flexibility for office, medical, retail, service, showroom, or other applications.
Where is this flex space located?
The property is located at 199 NW 20th Street Waverly, IA.
What is the lease rate?
The lease rate is $10 SF/Yr.
What are key features of this property?
This property features: 6,480 SF of open interior space available for tenant‑specific build‑out; Owner will consider leasing the full building or a portion of the space; Build‑to‑suit options support office, medical, retail, service, and showroom uses
