Search
Updated Office Unit
For Sale
Contact for pricing

517 Rhey St, Waterloo, IA 50703

Commercial Sale, Waterloo, IA

Property Size655 SF
Lot Size1.74 Acres
Price / SF$0.76
Days on Market98

Property Features for 517 Rhey St

General Information

Property type Commercial Sale
Property subtype Office
Zoning C1
Directions vinton to rhey
Standard status Active
APN 891325230015
Lot size 1.74 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description Per Abstract
Tax Annual Amount 4403
Legal Description Per Abstract

Building Details

Year built 1946
Listing Agency: Lockard Realty Company
Listed By: Michael Taylor · License #S40482
Added: Jun 12 Changed: Aug 19 Last Checked: Sep 17 at 11:06PM
MLS# 20262660

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.

This office unit offers 655 square feet of recently renovated space with a clean, updated interior. The property is zoned C1 and is described for professional, retail, or service-oriented business uses.

The building dates to 1946 and sits on a 1.743-acre property at 517 Rhey St in Waterloo, Iowa. The available unit is offered in connection with a commercial sale and provides a compact office setting within an established property.

Key Highlights

  • 655‑square‑foot office unit
  • Recently renovated interior with updated finishes
  • C1 zoning

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence
Open Analytics

Current Use

Camenzind Masonry, LLC General Contractor B & G Builders Construction Company J & J Masonry ... General Contractor

Suggested Use

Top Pick HVAC Service Pharmacy (Bike/Boat/Book/etc) Store Locksmith Catering Service Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

249
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Office units - Updated office space with C1 zoning and stated suitability for professional, retail, or service uses.
Where is this office units located?
The property is located at 517 Rhey St Waterloo, IA.
What are key features of this property?
This property features: 655‑square‑foot office unit; Recently renovated interior with updated finishes; C1 zoning
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