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Main-Level Office Unit
For Lease
$7 SF/Yr

201 Tower Park Drive Unit 200, Waterloo, IA 50701

Office space within the Farmers State Bank building includes on-site parking and access to the main level.

Space SizeContact for details
Property Size53,132 SF
Days on Market295

Property Features for 201 Tower Park Drive Unit 200

General Information

Standard status Active
Size 53,132 SF
Property subtype Office

Space & Availability

Floor Main Level
Space Use Office

Taxes and HOA fees

Annual Taxes $251,386

Building Details

Building Size 53,132 SF
Year Built 1990
Listing Agency: Fischels Commercial Group
Listed By: Chris Fischels · License #B44779000
Source: Karensteffeshomes
Added: Jan 5 Changed: Oct 26 Last Checked: Oct 26 at 2:33PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fischels Commercial Group

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Investment Insights

Based on property information with market context.

Unit 106 offers main-level professional office space inside the Farmers State Bank building. The space is described as versatile for a range of office configurations. The building was constructed in 1990.

Located at 201 Tower Park Drive in Waterloo, the property includes ample parking and easy accessibility.

Key Highlights

  • Main‑level office space in the Farmers State Bank building
  • On‑site parking
  • Built in 1990

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
$1.05 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

255
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

Market

Lease Benchmarks for Waterloo, IA

$12.83 /SF/Yr
Avg Asking Price
$5.28–$20 /SF/Yr
Price Range
12,878 SF
Avg Space Size

This space is priced 45% below the average of $12.83 /SF/Yr.

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 unit - Office space within the Farmers State Bank building includes on-site parking and access to the main level.
Where is this office unit located?
The property is located at 201 Tower Park Drive Unit 200 Waterloo, IA.
What is the lease rate?
The lease rate is $7 SF/Yr.
What are key features of this property?
This property features: Main‑level office space in the Farmers State Bank building; On‑site parking; Built in 1990
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