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Fifth-Floor Office Suite

531 Commercial Street #500, Waterloo, IA 50703

For Lease
$1,800/Mo

A reception-led layout brings together private offices, a conference room, and a kitchenette in a downtown setting.

Space Size2,650 SF
Property Size49,038 SF
Days on Market876

Property Features for 531 Commercial Street #500

General Information

Standard status Active
Size 2,650 SF
Net Rentable 2,650 SF
Zoning C-3

Space & Availability

Available Space 2,650 SF
Contiguous Space 2,650 SF
Floor 5
Space Use Office
Sublease No
Meeting Rooms 1

Taxes and HOA fees

Annual Taxes $51,848

Amenities

covered parking garage
shared bathrooms

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: Jun 17, 2024 Changed: Nov 8 Last Checked: Nov 9 at 7:52AM

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.

Located on the fifth floor of The Waterloo Building, this 2,650-square-foot office suite has a reception area, multiple offices, a conference room, and a kitchenette. Shared restrooms are close to the suite, and the building includes an attached covered parking garage. The building dates to 1914, and the property is zoned C-3.

At 531 Commercial Street in downtown Waterloo, the building is within walking distance of restaurants, shops, and hotels. The suite offers a mix of office and meeting space within an established commercial building.

Key Highlights

  • 2,650‑square‑foot office suite on the fifth floor
  • Reception area, multiple offices, conference room, and kitchenette
  • Shared restrooms near 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 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
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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 reception-led layout brings together private offices, a conference room, and a kitchenette in a downtown setting.
Where is this office unit located?
The property is located at 531 Commercial Street #500 Waterloo, IA.
What is the lease rate?
The lease rate is $1,800/Mo.
What are key features of this property?
This property features: 2,650‑square‑foot office suite on the fifth floor; Reception area, multiple offices, conference room, and kitchenette; Shared restrooms near the suite
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