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Office Suite with Private Offices
For Lease
$8 SF/Yr

511 E 5th St, Waterloo, IA 50703

Third-level 5,069 SF office suite with elevator access, a dedicated conference room, and tenant parking in the KWWL Building.

Space SizeContact for details
Days on Market96

Property Features for 511 E 5th St

General Information

Standard status Active

Building Details

Year Built 1915
Listing Agency: AWRE - Commercial & Development
Listed By: Phillip Shirk · License #B63101000
Source: Kwlegacyrealty
Added: Jul 20 Changed: Oct 11 Last Checked: Oct 7 at 1:39PM

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

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Investment Insights

Based on property information with market context.

Located in the iconic KWWL Building at 511 E 5th St in downtown Waterloo, this third-level office suite offers a highly functional layout designed for professional and administrative use. The space includes 18+ private offices, a dedicated conference room, and large windows that bring in natural light.

The suite is accessed by elevator and is complemented by a large parking lot for tenant convenience. The building’s historic character supports a professional setting, while the downtown address provides walkable access to restaurants, amenities, and parking options.

Ideal for organizations seeking a private-office configuration, this suite combines an efficient interior plan with straightforward building access and on-site parking support.

Key Highlights

  • 5,069 SF third‑level office suite in the KWWL Building (built in 1915)
  • 18+ private offices plus a dedicated conference room for professional and administrative use
  • Elevator access to the suite

Property Analytics

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Current Use

KWWL Television Studio Carol Paul Advertising Agency

Suggested Use

Top Pick Big Box & Wholesale Store Pharmacy Real Estate Agency Storage Facility Skin Care Clinic Auto Parts 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
$1.20 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,129
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
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Market

Lease Benchmarks for Waterloo, IA

$12.83 /SF/Yr
Avg Asking Price
$5.28–$20 /SF/Yr
Price Range
12,878 SF
Avg Space Size

This space is priced 38% below the average of $12.83 /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 - Third-level 5,069 SF office suite with elevator access, a dedicated conference room, and tenant parking in the KWWL Building.
Where is this office unit located?
The property is located at 511 E 5th St Waterloo, IA.
What is the lease rate?
The lease rate is $8 SF/Yr.
What are key features of this property?
This property features: 5,069 SF third‑level office suite in the KWWL Building (built in 1915); 18+ private offices plus a dedicated conference room for professional and administrative use; Elevator access to the suite
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