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Tenth-Floor Office Suite

531 Commercial Street, Waterloo, IA 50701

For Lease
$1,800/Mo

Commercial Lease, Waterloo, IA

Space SizeContact for details
Lot Size0.31 Acres
Days on Market517

Property Features for 531 Commercial Street

General Information

Property type Commercial Lease
Property subtype Office
Zoning C
Directions On Commercial Street in Waterloo
Standard status Active
APN 891326234019
Lot size 0.31 Acres

Taxes and HOA fees

Tax Year 2023
Tax Description MILL SQUARE WATERLOO PART OF LOTS 1,2,3,25,26,27, AND PART VAC ALLEY DESC AS FOL COM AT A PT SWLY LINE SAID LOT 1 WHICH IS ALSO THE NELY LINE COMMERCIAL ST WHICH PT IS 79.39 FT NWLY FROM WLY COR LOT 22 FRAC BLK 5 ORIG PLAT WEST TH NWLY ALONG SWLY LIN E S
Tax Annual Amount 40553
Legal Description MILL SQUARE WATERLOO PART OF LOTS 1,2,3,25,26,27, AND PART VAC ALLEY DESC AS FOL COM AT A PT SWLY LINE SAID LOT 1 WHICH IS ALSO THE NELY LINE COMMERCIAL ST WHICH PT IS 79.39 FT NWLY FROM WLY COR LOT 22 FRAC BLK 5 ORIG PLAT WEST TH NWLY ALONG SWLY LIN E S

Amenities

secure building access
attached parking garage
refreshed lobby

Building Details

Year built 1914
Listing Agency: Lockard Realty Company
Listed By: Lindsey McEnaney · License IA S70812000
Added: Jun 12, 2025 Changed: Oct 28 Last Checked: Nov 10 at 10:06AM
MLS# 20252730

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.

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Investment Insights

Based on property information with market context.

Located on the tenth floor of the Historic Waterloo Building, this office space has a flexible layout that can accommodate reception, private offices, and shared work areas. Views extend toward the city skyline and riverfront. Building features include secure access, an attached parking garage, and a refreshed lobby.

The property is at 531 Commercial Street in Waterloo. Built in 1914, the building is zoned C.

Key Highlights

  • Office space on the 10th floor of the Historic Waterloo Building
  • Views of the city skyline and riverfront
  • Secure building access and an attached parking garage

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
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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 - The space offers skyline and riverfront views, with secure building entry and an attached parking garage.
Where is this office unit located?
The property is located at 531 Commercial Street Waterloo, IA.
What is the lease rate?
The lease rate is $1,800/Mo.
What are key features of this property?
This property features: Office space on the 10th floor of the Historic Waterloo Building; Views of the city skyline and riverfront; Secure building access and an attached parking garage
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