Search
Office Suite with Private Offices

506 W 1st Street, Cedar Falls, IA 50613

For Lease
$1,600/Mo

Commercial Lease, Cedar Falls, IA

Space SizeContact for details
Lot Size0.38 Acres
Days on Market120

Property Features for 506 W 1st Street

General Information

Property type Commercial Lease
Property subtype Office
Zoning CD-DT
Directions Of off W 1st Street in Cedar Falls behind Asa Brows.
Standard status Active
APN 891412155023
Lot size 0.38 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description ORIGINAL PLAT CEDAR FALLS LOT 1 AND LOT 2 BLK 28 EXC THAT PART DESC AS PART OF LOT 1 BLK 28 DESC AS FOL BEG AT NW COR OF SAID LOT 1 TH N 89 DEG 20 MIN 42 SEC E 132.76 FT TH S 33.85 FT TH NWLY ALONG A CURVE CONCAVE SWLY WHOSE RADIUS IS 30 FT WHOSE ARC LENG
Tax Annual Amount 17660
Legal Description ORIGINAL PLAT CEDAR FALLS LOT 1 AND LOT 2 BLK 28 EXC THAT PART DESC AS PART OF LOT 1 BLK 28 DESC AS FOL BEG AT NW COR OF SAID LOT 1 TH N 89 DEG 20 MIN 42 SEC E 132.76 FT TH S 33.85 FT TH NWLY ALONG A CURVE CONCAVE SWLY WHOSE RADIUS IS 30 FT WHOSE ARC LENG

Building Details

Year built 1914
Listing Agency: Lockard Realty Company
Listed By: Lindsey McEnaney · License IA S70812000
Added: Jul 13 Changed: Oct 28 Last Checked: Nov 9 at 10:06PM
MLS# 20263256

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.

Rey
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This office suite includes four private offices, offering a defined layout for individual work. The property was built in 1914.

The address is 506 W 1st Street in downtown Cedar Falls, Iowa.

Key Highlights

  • Four private offices
  • Located at 506 W 1st Street in downtown Cedar Falls
  • Built in 1914

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

The Nightingale Center Medical Clinic Asa Brows Co. Hair Salon Wyatt Jacobsen Insurance Agency Kelly Hoodjer Insurance Agency

Suggested Use

Top Pick Big Box & Wholesale Store Auto Parts Store HVAC Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store Storage Facility

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

871
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Cedar Falls, IA

$12.57 /SF/Yr
Avg Asking Price
$3–$21 /SF/Yr
Price Range
12,324 SF
Avg Space Size

Average Price Trend$/SF/Yr for Office Units in Cedar Falls, IA

$12.36 Jul
$14.04 Aug
$14.04 Sep
$11.68 Oct

Properties on Market for Office Units in Cedar Falls

Jul
Aug
Sep
Oct

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 - Four private offices provide separate spaces for focused work.
Where is this office unit located?
The property is located at 506 W 1st Street Cedar Falls, IA.
What is the lease rate?
The lease rate is $1,600/Mo.
What are key features of this property?
This property features: Four private offices; Located at 506 W 1st Street in downtown Cedar Falls; Built in 1914
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

Add as a preferred source on Google One click on Google
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved