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Office-Industrial Flex Space
For Sale
$650,000

2815 Falls Avenue, Waterloo, IA 50701

Integrated office and warehouse areas accommodate administrative, shipping, and operational functions.

Property Size15,375 SF
Price / SF$42.28
Days on Market436

Property Features for 2815 Falls Avenue

General Information

Standard status Active
Size 15,375 SF
Property subtype General Commercial

Warehouse & Industrial

Clear Span Yes
Office Build-Out 4,500 SF

Taxes and HOA fees

Annual Taxes $22,216

Amenities

professional reception area
large dedicated conference room
spacious employee break room
3

Building Details

Year Built 1947
Building Size 15,375 SF
Listing Agency: Fischels Commercial Group
Listed By: Chris Fischels · License #B44779000
Source: Xome
Added: Jun 21, 2025 Changed: Aug 29 Last Checked: Aug 29 at 3:39PM

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.

Built in 1947, this 15,375-square-foot flex property combines a professional office component with substantial industrial workspace. Approximately 4,500 square feet is configured as office space with private offices, a reception area, a dedicated conference room, and an employee break room. The balance includes an open-span flex and warehouse area suited to shipping, receiving, and other operational requirements.

The facility includes two loading doors and is located on Falls Avenue in Waterloo, Iowa. Its combination of administrative space and warehouse capacity provides a single-building layout for businesses that need office functions and industrial operations in one location.

Key Highlights

  • 15,375‑square‑foot office and industrial flex building
  • Approximately 4,500 SF of professional office space
  • Open‑span flex and warehouse area

Property Analytics

Current Use

McKenna (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Law Firm Dental Office (Bike/Boat/Book/etc) Store Real Estate Agency Gym & Fitness Center Grocery & Convenience 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.

Location Intelligence

Trade Area within ½ mile

536
Businesses Nearby
Under-served
Demand for This Use

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?
Flex space - Integrated office and warehouse areas accommodate administrative, shipping, and operational functions.
Where is this flex space located?
The property is located at 2815 Falls Avenue Waterloo, IA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 15,375‑square‑foot office and industrial flex building; Approximately 4,500 SF of professional office space; Open‑span flex and warehouse area
More about this property
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