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Office Suite with Conference Room
For Lease
$1,600/Mo

359 Rock Island Avenue, Waterloo, IA 50701

The multi-room workspace combines private offices with reception, a breakroom, and substantial storage.

Space Size2,240 SF
Days on Market294

Property Features for 359 Rock Island Avenue

General Information

Standard status Active
Size 2,240 SF
Net Rentable 2,240 SF
Property subtype Office

Space & Availability

Available Space 2,240 SF
Contiguous Space 2,240 SF
Space Use Office
Meeting Rooms 1

Site & Location

Highway Access Yes
Road Access Yes

Taxes and HOA fees

Annual Taxes $22,726

Building Details

Building Size 2,240 SF
Year Built 1962
Listing Agency: Fischels Commercial Group
Listed By: Christopher Fischels · License #B44779000
Source: Karensteffeshomes
Added: Jan 6 Changed: Oct 26 Last Checked: Oct 26 at 3:22PM

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

Rey
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Investment Insights

Based on property information with market context.

This 2,240-square-foot office property in Waterloo was built in 1962. Its interior includes private offices, a lobby and reception area, a conference room, a breakroom, and storage space. Off-street parking is available.

The property is at 359 Rock Island Avenue, just off Fletcher Avenue and near Highway 218. The office space is offered for rent.

Key Highlights

  • 2,240 square feet of office space
  • Private offices, lobby and reception area, conference room, breakroom, and storage
  • Off‑street parking

Property Analytics

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Current Use

Family Management Financial ... Financial Advisor Family Management Family Counselor

Suggested Use

Top Pick Law Firm Dental Office Skin Care Clinic Daycare Center (Bike/Boat/Book/etc) Store Cafe & Coffee Shop

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

Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$1.29 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

262
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Waterloo, IA

$12.83 /SF/Yr
Avg Asking Price
$5.28–$20 /SF/Yr
Price Range
12,878 SF
Avg Space Size

This space is priced 33% below the average of $12.83 /SF/Yr.

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

Frequently Asked Questions

What type of property is this?
Office unit - The multi-room workspace combines private offices with reception, a breakroom, and substantial storage.
Where is this office unit located?
The property is located at 359 Rock Island Avenue Waterloo, IA.
What is the lease rate?
The lease rate is $1,600/Mo.
What are key features of this property?
This property features: 2,240 square feet of office space; Private offices, lobby and reception area, conference room, breakroom, and storage; Off‑street parking
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