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Second-Floor Office Suite

531 Commercial Street #202, Waterloo, IA 50701

For Lease
$400/Mo

A private office configuration includes room for a waiting area within a C-3-zoned building.

Space Size362 SF
Property Size49,038 SF
Days on Market650

Property Features for 531 Commercial Street #202

General Information

Standard status Active
Size 362 SF
Net Rentable 362 SF
Zoning C-3

Space & Availability

Available Space 362 SF
Contiguous Space 362 SF
Floor 2
Space Use Office
Private Offices 1

Taxes and HOA fees

Annual Taxes $40,553

Amenities

skywalk

Building Details

Building Size 49,038 SF
Year Built 1914
Listing Agency: AWRE - Commercial & Development
Listed By: Lindsey McEnaney · License IA S70812000
Source: Gnbrealestate
Added: Jan 29, 2025 Changed: Nov 9 Last Checked: Nov 9 at 8:46AM

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 362-square-foot office suite occupies the second floor of the Waterloo Building. Its layout includes one private office, with space that could accommodate a waiting area. The building dates to 1914 and is zoned C-3.

Covered parking is available privately, with a skywalk connecting the parking area to the suite. Utilities are provided for a flat monthly fee.

Key Highlights

  • 362‑square‑foot suite on the second floor
  • One private office with room for a waiting area
  • Private covered parking with a skywalk to the suite

Property Analytics

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

Current Use

The Waterloo Building Real Estate Agency Toddler Town Playstation ... Event Planning Rosemont Companies Construction Company Ashley Hinson Government Office

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Pharmacy Auto Parts Store Skin Care Clinic 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

1,361
Businesses Nearby

Demographics for 50701, IA

29,806
Population
14,530
Households
2.1
Avg Household Size
39
Median Age
30%
College-Educated
95%
High-School Grad
79.1 sq mi
ZIP Area
377
Density / Sq Mi
$62,857
Median Household Income
$41,464
Median Earnings
$846
Median Rent
$183,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Waterloo, IA

$23.43 /SF/Yr
Avg Asking Price
$2.21–$180 /SF/Yr
Price Range
17,214 SF
Avg Space Size

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

$8.93 Jul
$11.95 Aug
$12.66 Sep
$24.23 Oct

Properties on Market for Office Units in Waterloo

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 - A private office configuration includes room for a waiting area within a C-3-zoned building.
Where is this office unit located?
The property is located at 531 Commercial Street #202 Waterloo, IA.
What is the lease rate?
The lease rate is $400/Mo.
What are key features of this property?
This property features: 362‑square‑foot suite on the second floor; One private office with room for a waiting area; Private covered parking with a skywalk to the suite
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