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Remodeled Medical Office Space
New
For Lease
$14 SF/Yr

2024 NW 3rd Avenue, Waverly, IA 50677

Commercial Lease, Waverly, IA

Space SizeContact for details
Lot Size0.45 Acres
Days on Market3

Property Features for 2024 NW 3rd Avenue

General Information

Property type Commercial Lease
Property subtype Office
Zoning Commercial
Directions Use google maps
Standard status Active
APN 0904227001
Lot size 0.45 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description 04-91-14 WILLOW LAWN 2ND ADD LOT 1
Tax Annual Amount 10013
Legal Description 04-91-14 WILLOW LAWN 2ND ADD LOT 1

Utilities

Sewer type Public Sewer
Heating system Forced Air, Natural Gas
Cooling system Central Air

Building Details

Year built 1977
Listing Agency: Century 21 Signature RE · Century 21 Real Estate
Listed By: Timothy Lalk · License #S71966000
Added: Aug 28 Changed: Aug 29 Last Checked: Aug 30 at 12:06AM
MLS# 20264123

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 2,280 SF medical office space in Waverly occupies a remodeled commercial property originally built in 1977. The layout was previously used as a dental office and can remain configured for medical operations or be adapted for office and professional-service needs. Build-to-suit flexibility is available for a user requiring changes to the existing arrangement.

The property is located at 2024 NW 3rd Avenue in Waverly, Iowa, with off-street parking and Commercial zoning. Building systems include central air conditioning, forced-air heating, and natural gas service. Public sewer serves the property, and the site encompasses 0.45 acres.

Key Highlights

  • 2,280 SF remodeled medical office space
  • Previously configured for dental office use
  • Build‑to‑suit flexibility for office, medical, or professional services

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Parking Lot & Garage Building Supply Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Storage Facility Big Box & Wholesale Store

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
$2.10 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

188
Businesses Nearby
Under-served
Demand for This Use

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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Updated professional space with central air, forced-air heating, and convenient off-street parking.
Where is this medical office space located?
The property is located at 2024 NW 3rd Avenue Waverly, IA.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: 2,280 SF remodeled medical office space; Previously configured for dental office use; Build‑to‑suit flexibility for office, medical, or professional services
More about this property
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