Historic Building Retail/Office/Restaurant
For Lease
$10 SF/Yr
209 West 5th Street, Waterloo, IA 50701
First floor space suitable for retail, office, or restaurant.
Space Size547 SF - 1,793 SF
Days on Market138
Property Features for 209 West 5th Street
General Information
Standard status
Active
Size
547 SF - 1,793 SF
Property subtype
Office
Spaces For Lease
at 209 West 5th Street Contact us- Size
- 1,793 SF
- Availability
- Available
Suite 102
- Size
- 547 SF
- Availability
- Available
Suite 108
- Size
- 1,178 SF
- Availability
- Available
Suite 110
Listing Agency:
CBRE - Des Moines
(515) 210-3050
Listed By:
Bill Wright · License #F03815000
(515) 210-3050
Source:
Cbre
Added: Apr 15
Changed: Aug 25
Last Checked: Aug 29 at 6:27AM
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 CBRE - Des Moines
Investment Insights
Based on property information with market context.
The available first-floor space is located within the 8-story Russell Lamson Building, a historic rehabilitation completed in 2012. Originally constructed in 1914, the building was placed on the National Register of Historic Places in 2011 and includes 90 multi-family units. The space is suitable for office, retail, or restaurant use. The building is located in Downtown Waterloo, at the corner of W 5th Street and Commercial Street, three blocks from the Waterloo Convention Center, RiverLoop Expo Center, and Cedar Valley Sportsplex. On-street parking is available. The space has corner exposure and is anchored by the Brown Bottle Italian Restaurant. The property size is 3518 square feet.
Key Highlights
- Suitable for office, retail, or restaurant use.
- Corner exposure** on W 5th Street and Commercial Street in Downtown Waterloo.
- Located in the historic Russell Lamson Building, a National Register of Historic Places property.
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
1,344
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
$19.88 /SF/Yr
Avg Asking Price
$1.1–$200 /SF/Yr
Price Range
10,012 SF
Avg Space Size
This space is priced 50% below the average of $19.88 /SF/Yr.
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - First floor space suitable for retail, office, or restaurant.
Where is this office units located?
The property is located at 209 West 5th Street Waterloo, IA.
What is the lease rate?
The lease rate is $10 SF/Yr.
What are key features of this property?
This property features: Suitable for office, retail, or restaurant use.; Corner exposure** on W 5th Street and Commercial Street in Downtown Waterloo.; Located in the historic Russell Lamson Building, a National Register of Historic Places property.
