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Office Suite with Private Offices
For Lease
$13 SF/Yr

402 E 4th Street, Waterloo, IA 50703

Configured workspace offers reception, conference, kitchen, and collaborative areas within a downtown commercial setting.

Space Size7,395 SF
Property Size17,208 SF
Days on Market1363

Property Features for 402 E 4th Street

General Information

Standard status Active
Size 7,395 SF
Net Rentable 7,395 SF
Total Parking Spaces 60
Zoning C-3

Space & Availability

Available Space 7,395 SF
Contiguous Space 7,395 SF
Space Use Office
Private Offices 9
Meeting Rooms 1

Additional Details

Highway Access Yes

Taxes and HOA fees

Annual Taxes $42,532

Amenities

reception area
kitchen
open collaboration space

Building Details

Building Size 17,208 SF
Year Built 1980
Listing Agency: AWRE - Commercial & Development
Listed By: Phillip Shirk · License #B63101000
Source: Sweeneyrealestate
Added: Nov 28, 2022 Changed: Aug 21 Last Checked: Aug 21 at 6:40AM

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 AWRE - Commercial & Development

Investment Insights

Based on property information with market context.

The office suite at 402 E 4th Street provides 7,395 square feet of workspace in a 1980 building. Its layout includes nine private offices, a reception area, kitchen, conference room, and open collaboration area, along with 60 parking spaces. The property is zoned C-3 and is offered for rent.

Positioned at the corner of Mulberry and East 4th in downtown Waterloo, the property is within walking distance of retail and restaurants. Highway 218 and US 63 are minutes away, providing regional access from the central business setting.

Key Highlights

  • 7,395 square feet of office space
  • Nine private offices plus reception, kitchen, conference room, and open collaboration area
  • 60 parking spaces

Property Analytics

Current Use

ASI Computer Systems ... (Bike/Boat/Book/etc) Store Visual Logic Marketing & Advertising

Suggested Use

Top Pick HVAC Service Building Supply Grocery & Convenience Store Pharmacy Gym & Fitness Center Restaurant

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
NNN (Triple Net)
Lease Type
$1.95 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

35
Businesses Nearby

Demographics for 50703, IA

18,913
Population
8,705
Households
2.2
Avg Household Size
38
Median Age
13%
College-Educated
87%
High-School Grad
93.2 sq mi
ZIP Area
203
Density / Sq Mi
$49,412
Median Household Income
$33,105
Median Earnings
$926
Median Rent
$92,500
Median Home Value

Market

Lease Benchmarks for Waterloo, IA

$20.15 /SF/Yr
Avg Asking Price
$1.1–$200 /SF/Yr
Price Range
10,143 SF
Avg Space Size

This space is priced 35% below the average of $20.15 /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
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Configured workspace offers reception, conference, kitchen, and collaborative areas within a downtown commercial setting.
Where is this office units located?
The property is located at 402 E 4th Street Waterloo, IA.
What is the lease rate?
The lease rate is $13 SF/Yr.
What are key features of this property?
This property features: 7,395 square feet of office space; Nine private offices plus reception, kitchen, conference room, and open collaboration area; 60 parking spaces
More about this property
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