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Finished Medical Office Suite
For Lease
$12 SF/Yr CAM $5.50 /USD/SF/YR

2520 Melrose Drive #Suite L, Cedar Falls, IA 50613

Configured for healthcare operations with patient reception, exam rooms, private offices, restrooms, and dedicated storage.

Space Size3,000 SF
Property Size10,900 SF
Days on Market383

Property Features for 2520 Melrose Drive #Suite L

General Information

Standard status Active
Size 3,000 SF
Net Rentable 3,000 SF
Zoning C-2
Lease Type NNN

Space & Availability

Available Space 3,000 SF
Contiguous Space 3,000 SF
Space Use Medical Office

Additional Details

CAM $5.50 /USD/SF/YR

Taxes and HOA fees

Annual Taxes $37,594

Amenities

reception/waiting area
administrative area
restrooms
exam rooms
offices
storage space

Building Details

Building Size 10,900 SF
Year Built 1967
Listing Agency: Fischels Commercial Group
Listed By: Chris Fischels · License #B44779000
Source: Sweeneyrealestate
Added: Aug 5, 2025 Changed: Aug 22 Last Checked: Aug 22 at 7:02AM

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.

Suite L at 2520 Melrose Drive provides 3,000 square feet within a strip-center setting. The interior is arranged for medical office use, with a reception and waiting area leading to an administrative workspace, three large exam rooms, multiple private offices, two restrooms, and substantial storage. The existing configuration supports a healthcare-oriented occupancy without relying on a blank-shell layout.

The property was built in 1967 and is zoned C-2. Its Cedar Falls location and placement in a multi-tenant commercial center provide a conventional setting for office or retail operations. The lease structure includes NNN expenses, with the quoted expense estimate excluded from this summary.

Key Highlights

  • 3,000 square feet of medical office space in a strip center
  • Three large exam rooms plus several private offices
  • Reception and waiting area with separate administrative workspace

Property Analytics

Current Use

Escapology Escape Rooms ... Arcade & Gaming Center handy laundry (Bike/Boat/Book/etc) Store Dr. Susan C. ... Physician Absolute Beauty Hair Salon

Suggested Use

Top Pick Law Firm Electrical Service Dental Office (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Food Market

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

Location Intelligence

Trade Area within ½ mile

491
Businesses Nearby
Well-served
Demand for This Use

Demographics for 50613, IA

43,667
Population
17,808
Households
2.5
Avg Household Size
32
Median Age
48%
College-Educated
97%
High-School Grad
127.6 sq mi
ZIP Area
342
Density / Sq Mi
$75,642
Median Household Income
$33,099
Median Earnings
$1,176
Median Rent
$258,300
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?
Medical Office Space - Configured for healthcare operations with patient reception, exam rooms, private offices, restrooms, and dedicated storage.
Where is this medical office space located?
The property is located at 2520 Melrose Drive #Suite L Cedar Falls, IA.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: 3,000 square feet of medical office space in a strip center; Three large exam rooms plus several private offices; Reception and waiting area with separate administrative workspace
More about this property
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