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Former Farrell's Bodyshaping Space
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3551 University Ave, Waterloo, IA 50701

Open retail space with office and restrooms for rent.

Space Size8,459 SF
Days on Market1377

Property Features for 3551 University Ave

General Information

Standard status Active
Size 8,459 SF
Property subtype Retail

Building Details

Building Size 8,459 SF
Tenancy Single

Spaces For Lease

at 3551 University Ave Contact us

3551 University Ave

Size
8,459 SF
Type
Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: NAI Iowa Realty Commercial - Cedar Rapids
Listed By: Jeremy Tipton · License #IA B59800000
Source: Crexi
Added: Nov 14, 2022 Changed: Aug 13 Last Checked: Aug 21 at 6:59AM

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 NAI Iowa Realty Commercial - Cedar Rapids

Investment Insights

Based on property information with market context.

This is a former Farrell’s eXtreme Bodyshaping space. The space features an open layout, an office, and men's and women's restrooms. It is located on University Avenue and Green Hill Road.

Key Highlights

  • Open space suitable for various uses.
  • Includes a dedicated office space.
  • Equipped with men's and women's restrooms.

Property Analytics

Current Use

Beyond Blessed Consignment Discount Store

Suggested Use

Top Pick Restaurant Building Supply Law Firm Big Box & Wholesale Store Gym & Fitness Center Dental Office

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

408
Businesses Nearby
45k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 48% Shops & Services 47% Beauty & Spa 3% Home Improvements & Furnishings 2%
McDonald's Dining
16,133 visits/mo 0.3 miles
Waterloo #4 Shops & Services
11,564 visits/mo 0.3 miles
Dollar General Shops & Services
7,403 visits/mo 0.4 miles
Godfather's Pizza Dining
3,082 visits/mo 0.4 miles
Jimmy John's Dining
2,689 visits/mo 0.4 miles

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

Market

Lease Benchmarks for Waterloo, IA

$17.51 /SF/Yr
Avg Asking Price
$1.1–$40 /SF/Yr
Price Range
14,702 SF
Avg Space Size

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Open retail space with office and restrooms for rent.
Where is this retail space located?
The property is located at 3551 University Ave Waterloo, IA.
What are key features of this property?
This property features: Open space suitable for various uses.; Includes a dedicated office space.; Equipped with men's and women's restrooms.
(319) 363-2337 Call to check price and availability
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