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Four-Office Office Suite
For Lease
$1,600/Mo

506 W 1st Street Unit 3, Cedar Falls, IA 50613

Four private rooms support a range of focused office activities.

Space SizeContact for details
Property Size3,457 SF
Days on Market107

Property Features for 506 W 1st Street Unit 3

General Information

Standard status Active
Size 3,457 SF
Property subtype Office

Space & Availability

Space Use Office
Private Offices 4

Additional Details

Road Access Yes

Taxes and HOA fees

Annual Taxes $17,660

Building Details

Building Size 3,457 SF
Year Built 1914
Listing Agency: AWRE - Commercial & Development
Listed By: Lindsey McEnaney · License #S70812000
Source: Karensteffeshomes
Added: Jul 13 Changed: Oct 26 Last Checked: Oct 26 at 3:46PM

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

Rey
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Investment Insights

Based on property information with market context.

This office unit is arranged with four private offices, providing a defined setting for individual work. The property was built in 1914 and is located at 506 W 1st Street in Downtown Cedar Falls.

Its position on W. 1st Street places the suite within Downtown Cedar Falls, where restaurants, retail, and other amenities are present.

Key Highlights

  • Four private offices
  • Located at 506 W 1st Street in Downtown Cedar Falls
  • Building dates to 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

Yes
Paved road access
NNN (Triple Net)
Lease Type
$0.83 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

838
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

$14.47 /SF/Yr
Avg Asking Price
$6–$21 /SF/Yr
Price Range
6,925 SF
Avg Space Size

This space is priced 62% below the average of $14.47 /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 - Four private rooms support a range of focused office activities.
Where is this office unit located?
The property is located at 506 W 1st Street Unit 3 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; Building dates to 1914
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