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Office Space in Bank Building
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201 Tower Park Drive, Waterloo, IA 50701

8,000 sq. ft. office space with elevator access and a large staff-and-client parking area.

Property Size53,132 SF
Price / SF$0.00
Days on Market243

Property Features for 201 Tower Park Drive

General Information

Standard status Active
Size 53,132 SF
Property subtype Commercial
Zoning C-2,C-Z
Lease Type Net

Additional Details

Highway Access Yes

Taxes and HOA fees

Annual Taxes $251,386

Amenities

Corner Lot,City Street
7.38
53132

Building Details

Building Size 53,132 SF
Year Built 1990
Stories 3
Listing Agency: Fischels Commercial Group
Listed By: Cole Breitbach
Source: Pinnaclerealtyia
Added: Jan 5 Changed: Sep 4 Last Checked: Sep 4 at 2:52AM

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

Investment Insights

Based on property information with market context.

This offering provides 8,000 sq. ft. of office space within the Farmers State Bank building at 201 Tower Park Drive in Waterloo, Iowa. The space features elevator access and is supported by a very large parking area for staff and clients.

The building is located just off Kimball Avenue and San Marnan Drive and is described as highly visible from Hwy 20.

The space is available as presented at 8,000 sq. ft., with the option to divide according to the owner’s stated configuration. The listing also references an NNN structure, with estimated NNN expenses of $6.24 PSF and a quoted lease rate of $7.00 PSF NNN.

Key Highlights

  • 8,000 sq. ft. office space available in the Farmers State Bank building
  • Elevator access plus a very large parking area for staff and clients
  • High visibility from Hwy 20

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

Yes
Highway access

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

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 units - 8,000 sq. ft. office space with elevator access and a large staff-and-client parking area.
Where is this office units located?
The property is located at 201 Tower Park Drive Waterloo, IA.
What are key features of this property?
This property features: 8,000 sq. ft. office space available in the Farmers State Bank building; Elevator access plus a very large parking area for staff and clients; High visibility from Hwy 20
More about this property
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