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    1027 Peoples Sq Waterloo, IA 50702

    Sponsored
    For Lease
    $35 SF/Yr ($13,125 /Mo)

    New 2023 construction, 2 suites available.

    Lot size:
    4,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail property, located at 1027 Peoples Square in Waterloo, Iowa, presents a unique investment opportunity. Situated on a prominent 0.5-acre lot at a busy Waterloo intersection with convenient access to Kimball Avenue via a newly constructed access point, this single-story building offers a total of 4,500 square feet. The building, completed in the summer of 2023, features two suites, each offering flexibility for various uses. Currently, 2,486 square feet are available for lease, with a minimum divisible space of 2,486 square feet and a maximum contiguous space of 2,486 square feet. The property is zoned C1 and is located in Black Hawk County, Iowa, with a zip code of 50702. Ample parking is provided with 35 spaces. The property boasts a modern design and efficient layout, ideal for medical or office tenants. Annual property taxes are $7 per square foot. This prime location offers excellent visibility and accessibility, making it an attractive option for businesses seeking a high-traffic area in Waterloo. Don't miss this chance to secure a space in this brand-new, strategically located retail center.

    Property Features for 1027 Peoples Sq

    General Information

    Property type
    Medical space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,500 SF
    Total Rate
    13125

    Building Details

    Year Built
    2023
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    People's Square Space 1
    Size
    1,800 SF
    Rate per SF
    $35
    Space
    Available Space 2
    Size
    3,000 SF
    Rate per SF
    $35

    HighLights

    • 2024 Building Exterior Renovation.
    • 2023 New Parking Lot Construction.
    • 2023 New Kimball Avenue Access Point.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterloo
    County
    Black Hawk
    State
    Iowa
    Longitude
    -92.3570224
    Latitude
    42.4579349

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    FAQs

    What type of property is this?
    Medical space - New 2023 construction, 2 suites available.
    Where is this medical space located?
    The property is located at 1027 Peoples Sq Waterloo, IA.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: 2024 Building Exterior Renovation.; 2023 New Parking Lot Construction.; 2023 New Kimball Avenue Access Point.
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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
    1027 Peoples Sq Waterloo, IA 50702
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