Basement Flex Office/Warehouse
For Lease
$4,600/Mo
4807 University Avenue, Cedar Falls, IA 50613
COMMERCIAL - Cedar Falls, IA
Space Size4,906 SF
Lot Size1.70 Acres
Days on Market548
Property Features for 4807 University Avenue
General Information
Property type
Commercial Lease
Property subtype
Office
Zoning
c-2
Subdivision
The Chalet Center
Directions
Located on the south side of University Ave, next to Community Motors.
Standard status
Active
APN
891320153001
Lot size
1.70 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
UNPLATTED C F THAT PART OF THE W 1/2 SW 1/4 NW 1/4 SEC 20 T 89 R 13 BOUNDED AS FOL COMM AT THE MOST NLY COR OF CHAPMAN'S 1ST ADD TH SELY ALONG THE NELY LINE OF SAID ADDITION TO THE NE COR OF SAID ADD TH N ALONG AN EXTENDED E LINE OF SAID ADD TO THE S WLY
Tax Annual Amount
41477
Legal Description
UNPLATTED C F THAT PART OF THE W 1/2 SW 1/4 NW 1/4 SEC 20 T 89 R 13 BOUNDED AS FOL COMM AT THE MOST NLY COR OF CHAPMAN'S 1ST ADD TH SELY ALONG THE NELY LINE OF SAID ADDITION TO THE NE COR OF SAID ADD TH N ALONG AN EXTENDED E LINE OF SAID ADD TO THE S WLY
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
1979
Flooring type
Carpet
Roof type
Metal
Listing Agency:
Oakridge Real Estate
(319) 277-5005
Listed By:
Joshua Bey · License #S453650
(319) 464-2607
Added: Feb 14, 2025
Changed: Aug 13
Last Checked: Aug 16 at 7:06PM
MLS# 20250623
Copyright © 2026 Northeast Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The space offers approximately 4,906 square feet of office or storage/warehouse space located in the basement of the Chalet. Daylight windows are included, and there are two practical access points: entry from the interior front lobby via stairs or direct entry from the rear exterior through the walk-out basement. Parking is available in front of the lower access, with 15 stalls in the back of the building plus one handicap stall, and additional parking in the front of the building.
The suite includes two overhead doors that are currently covered and non-functioning, with one located within the suite and the other in a shared common area. The layout features multiple bathrooms, including three private stalls, along with many separated spaces designed to be configured for a tenant’s specific needs. The suite was previously used as a dance studio and may be modified accordingly. This is offered on a gross lease basis; the tenant is responsible for utilities.
The suite includes two overhead doors that are currently covered and non-functioning, with one located within the suite and the other in a shared common area. The layout features multiple bathrooms, including three private stalls, along with many separated spaces designed to be configured for a tenant’s specific needs. The suite was previously used as a dance studio and may be modified accordingly. This is offered on a gross lease basis; the tenant is responsible for utilities.
Key Highlights
- 4906 SF office or storage/warehouse space in the basement of the Chalet with daylight windows
- Two access options: interior from the front lobby (stairs) or direct walk‑out access from the rear exterior
- Parking in front of the lower access with 15 stalls plus 1 handicap stall, and additional front‑of‑building parking
Property Analytics
Property Profile
Current Use
Lease Details
Gross
Lease Type
Location Intelligence
Trade Area within ½ mile
367
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Lease Benchmarks for Cedar Falls, IA
$4.29 /SF/Yr
Avg Asking Price
$1.03–$6 /SF/Yr
Price Range
12,801 SF
Avg Space Size
This space is priced 162% above the average of $4.29 /SF/Yr.
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Basement suite with daylight windows, walk-out rear access, and room for office or storage/warehouse use.
Where is this flex space located?
The property is located at 4807 University Avenue Cedar Falls, IA.
What is the lease rate?
The lease rate is $4,600/Mo.
What are key features of this property?
This property features: 4906 SF office or storage/warehouse space in the basement of the Chalet with daylight windows; Two access options: interior from the front lobby (stairs) or direct walk‑out access from the rear exterior; Parking in front of the lower access with 15 stalls plus 1 handicap stall, and additional front‑of‑building parking
