201 Tower Park Drive #106, Waterloo, IA 50701

Building Details

Building Size 103,859 SF More

Year Built 1990 More

Listing Agency: Fischels Commercial Group Show Phone

Listed By: Chris Fischels · License IA B44779000 Show Phone

Source: Gnbrealestate

Added: Jan 5 Changed: Nov 8 Last Checked: Nov 9 at 10:36AM

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Investment Insights

Based on property information with market context.

Office space is available on the main level of the Farmers State Bank building at 201 Tower Park Drive in Waterloo. The building was constructed in 1990, and the space is described as adaptable to a range of office configurations. Parking is available at the property.

Key Highlights

• Main‑level office space inside the Farmers State Bank building
• On‑site parking available
• 201 Tower Park Drive, Waterloo, IA 50701

Property Analytics

Current Use

IRS Taxpayer Assistance ... Tax Department Iowa Northern Railway ... Freight Service Waterloo Schools Foundation Association / Organization Facets (Bike/Boat/Book/etc) Store Optimae LifeServices Community Health Centre

Suggested Use

Top Pick Restaurant Building Supply Auto Repair Shop Big Box & Wholesale Store Auto Parts Store Real Estate Agency

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

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

255

Businesses Nearby

Explore this area Business Placement

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

Market

Lease Benchmarks for Waterloo, IA

$23.43 /SF/Yr

Avg Asking Price

$2.21–$180 /SF/Yr

Price Range

17,214 SF

Avg Space Size

Average Price Trend$/SF/Yr for Office Units in Waterloo, IA

$8.93 Jul

$11.95 Aug

$12.66 Sep

$24.23 Oct

Properties on Market for Office Units 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

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Frequently Asked Questions

What type of property is this?

Office unit - A flexible office setting within a bank building includes on-site parking and convenient access.

Where is this office unit located?

The property is located at 201 Tower Park Drive #106 Waterloo, IA.

What is the lease rate?

The lease rate is $1,195/Mo.

What are key features of this property?

This property features: Main‑level office space inside the Farmers State Bank building; On‑site parking available; 201 Tower Park Drive, Waterloo, IA 50701