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Corner Retail Building with Parking
For Lease
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400-1205 E San Marnan Dr, Waterloo, IA 50701

Corner retail building with refreshed exterior and a 2025 parking lot, featuring prime frontage retail and flexible large-format space.

Space SizeContact for details
Days on Market621

Property Features for 400-1205 E San Marnan Dr

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $70,722

Building Details

Year Renovated 2025
Listing Agency: GLD COMMERCIAL
Listed By: Michael Gibbs
Source: Exprealty
Added: Dec 17, 2024 Changed: Aug 20 Last Checked: Aug 29 at 3:54PM

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 GLD COMMERCIAL

Investment Insights

Based on property information with market context.

This corner retail building totals approximately 19,800 SF and includes roughly 8,000 SF of prime retail space facing E San Marnan, with parking directly in line with the front doors. The property has benefited from an exterior façade upgrade, and the parking lot was updated in 2025. The remaining 11,800 SF is suited for a larger-format retailer or a showroom.

The site is located on the corner of E San Marnan and Flammang Dr in Waterloo, positioned in an active retail area. Ample parking is available across the entire site.

The landlord is willing to demise suites to a minimum of 1,500 SF for qualified tenants. Rental incentives are also available for a company leasing the entire property; please contact the listing agent for further details.

Key Highlights

  • 19,800 SF corner retail building with approx. 8,000 SF of prime retail frontage on E San Marnan
  • Parking directly aligned with the front doors and ample parking across the entire site
  • Exterior façade upgrade completed, and a new parking lot added in 2025

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick HVAC Service Kitchen & Bath Showroom Electrical Service Hair Salon Nail Salon 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.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

691
Businesses Nearby
252k
Monthly Visits Nearby

Foot Traffic Nearby

Superstores 32% Dining 31% Shops & Services 28% Groceries 8%
Sam's Club Superstores
79,678 visits/mo 0.5 miles
Culver's Dining
25,660 visits/mo 0.4 miles
Sam's Club Gas Station Shops & Services
22,821 visits/mo 0.4 miles
McDonald's Dining
22,637 visits/mo 0.1 miles
Fareway Groceries
19,719 visits/mo 0.0 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

Vacancy Rate% for Retail in Midwest region

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

What type of property is this?
Retail space - Corner retail building with refreshed exterior and a 2025 parking lot, featuring prime frontage retail and flexible large-format space.
Where is this retail space located?
The property is located at 400-1205 E San Marnan Dr Waterloo, IA.
What are key features of this property?
This property features: 19,800 SF corner retail building with approx. 8,000 SF of prime retail frontage on E San Marnan; Parking directly aligned with the front doors and ample parking across the entire site; Exterior façade upgrade completed, and a new parking lot added in 2025
More about this property
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