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Office Suite with Private Offices
For Lease
$2,000/Mo CAM $150 /USD/MO

622 Progress Avenue Unit B, Waterloo, IA 50701

Six enclosed workrooms accompany a conference area and a reception space with a vaulted ceiling.

Space SizeContact for details
Property Size3,224 SF
Days on Market56

Property Features for 622 Progress Avenue Unit B

General Information

Standard status Active
Size 3,224 SF
Total Parking Spaces 6
Property subtype Office
Lease Type Gross

Space & Availability

Space Use Office
Sublease No
Private Offices 6
Meeting Rooms 1

Lease Terms

Lease Rate $2,000 /MO
Total Rate $2,150
Monthly Rent $2,000
CAM $150 /MO

Taxes and HOA fees

Annual Taxes $10,968

Building Details

Building Size 3,224 SF
Year Built 1993
Listing Agency: Caliber Group Prop Mgmt Co.
Listed By: Matthew Matthias
Source: Karensteffeshomes
Added: Sep 2 Changed: Oct 26 Last Checked: Oct 26 at 3:16PM

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 Caliber Group Prop Mgmt Co.

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Investment Insights

Based on property information with market context.

Built in 1993, this 3,224-square-foot office suite includes six enclosed offices, a conference and break area, and a reception space beneath a vaulted ceiling. The lease is structured as gross, with utilities, internet, and trash charged separately.

The property is at 622 Progress Avenue in Waterloo, near University Avenue. Parking includes six lot spaces, with additional street parking available.

Key Highlights

  • 3,224‑square‑foot office suite built in 1993
  • Six private offices and a combined conference and break area
  • Reception area features a vaulted ceiling

Property Analytics

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Current Use

Brandon Pedersen - Thrivent Financial Advisor Advanced Family Eye ... Physician Thrivent Financial: Midwest ... Financial Advisor Gabe Groothuis - Thrivent Financial Advisor Alex Renaud - Thrivent Financial Advisor

Suggested Use

Top Pick Restaurant Building Supply Big Box & Wholesale Store Law Firm Dental Office Hair Salon

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

612
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

$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 - Six enclosed workrooms accompany a conference area and a reception space with a vaulted ceiling.
Where is this office unit located?
The property is located at 622 Progress Avenue Unit B Waterloo, IA.
What is the lease rate?
The lease rate is $2,150/Mo.
What are key features of this property?
This property features: 3,224‑square‑foot office suite built in 1993; Six private offices and a combined conference and break area; Reception area features a vaulted ceiling
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