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    3551 University Ave Waterloo, IA 50701

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    For Lease
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    8,459 SF Retail Space - Available Now

    Lot size:
    8,459 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 8,459-square-foot retail space is ideally situated at 3551 University Avenue in Waterloo, Iowa, within Black Hawk County (zip code 50701). The property is a single-tenant building, currently vacant and ready for immediate occupancy. Its previous use was as a Farrell's eXtreme Bodyshaping facility, offering a unique layout already equipped with convenient amenities. The open floor plan provides significant flexibility for a variety of retail businesses. The space includes a dedicated office area, separate men's and women's restrooms, ensuring a comfortable experience for both staff and customers. The building's prominent location on University Avenue offers high visibility and accessibility, making it an attractive proposition for businesses seeking a strong presence in a thriving community. With its ample square footage and desirable features, this property presents a remarkable opportunity for entrepreneurs and established businesses alike to establish or expand their operations in a strategic location within Waterloo. The property is classified as Commercial Retail and is ready for immediate lease. The address is easily accessible and benefits from high traffic volume. This is a single-tenant building, offering a unique opportunity for a business seeking a large, adaptable space.

    Property Features for 3551 University Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,459 SF

    Unit(s) available at that property

    Space
    Space Available
    Size
    8,459 SF

    HighLights

    • 8,459 SF retail space available for lease at 3551 University Avenue, Waterloo, IA 50701.
    • Vacant and ready for immediate occupancy; previously a Farrell's eXtreme Bodyshaping.
    • Features an open floor plan, dedicated office, and separate restrooms.
    • High‑visibility location on University Avenue with high traffic counts.
    • Signage available.
    • Excellent access to University Avenue and Green Hill Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Beyond Blessed Consignment Consignment Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waterloo
    County
    Black Hawk
    State
    Iowa
    Longitude
    -92.3958654
    Latitude
    42.5017882

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    FAQs

    What type of property is this?
    Retail property - 8,459 SF Retail Space - Available Now
    Where is this retail property located?
    The property is located at 3551 University Ave Waterloo, IA.
    What are key features of this property?
    This property features: 8,459 SF retail space available for lease at 3551 University Avenue, Waterloo, IA 50701.; Vacant and ready for immediate occupancy; previously a Farrell's eXtreme Bodyshaping.; Features an open floor plan, dedicated office, and separate restrooms.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3551 University Ave Waterloo, IA 50701
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