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Retail Space on Corner Lot
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245 Fletcher Ave, Waterloo, IA 50701

Retail space with sales floor, office, and rooftop signage.

Space Size2,460 SF
Property Size8,064 SF
Days on Market797

Property Features for 245 Fletcher Ave

General Information

Standard status Active
Size 2,460 SF
Property subtype Retail
Lease Type Gross

Building Details

Building Size 8,064 SF
Year Built 1988
Tenancy Single

Spaces For Lease

at 245 Fletcher Ave Contact us

Available Space

Size
2,460 SF
Type
Retail
Lease Type
Gross
Availability
Active
Contact us
Listing Agency: Miehe Commercial Real Estate
Listed By: Matt Miehe · License #B58183000
Source: Crexi
Added: Jun 25, 2024 Changed: Aug 8 Last Checked: Aug 28 at 11:04PM

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 Miehe Commercial Real Estate

Investment Insights

Based on property information with market context.

This retail space is located at the corner of Fletcher and University Avenues. The suite includes a large sales floor or reception area, a private office, and a large breakroom. Additional features include a storage area, washer and dryer hook-ups, and a single restroom. The property also offers highly visible rooftop signage.

Key Highlights

  • Highly visible rooftop signage
  • Large sales floor or reception area
  • Located at the corner of Fletcher and University Avenues

Property Analytics

Current Use

Hellman Accounting PC Accounting Firm

Suggested Use

Top Pick Building Supply Real Estate Agency Law Firm Restaurant Dental Office Pharmacy

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
$1.21 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

264
Businesses Nearby
8k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 80% Dining 20%
Family Dollar Shops & Services
6,237 visits/mo 0.2 miles
Papa John's Pizza Dining
1,537 visits/mo 0.2 miles

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

$15.24 /SF/Yr
Avg Asking Price
$1.1–$40 /SF/Yr
Price Range
11,857 SF
Avg Space Size

This space is priced 47% below the average of $15.24 /SF/Yr.

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space with sales floor, office, and rooftop signage.
Where is this retail space located?
The property is located at 245 Fletcher Ave Waterloo, IA.
What is the lease rate?
The lease rate is $8.05 SF/Yr.
What are key features of this property?
This property features: Highly visible rooftop signage; Large sales floor or reception area; Located at the corner of Fletcher and University Avenues
(319) 269-6222 Call to check price and availability
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