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    359 Rock Island Ave Waterloo, IA 50701

    Sponsored
    For Sale
    $799,000

    Prime Waterloo location, 13,804 SF retail/auto space.

    Property size:
    13,804 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, located at 359 Rock Island Ave in Waterloo, Iowa, presents a unique investment opportunity. The 13,804 square foot space is zoned M-1 and sits on a substantial 24,492 square foot lot, encompassing two buildings. One building is currently leased, offering immediate income potential. The property boasts a prime corner location at the intersection of Fletcher and Rock Island Avenues, providing excellent visibility and convenient access to Highway 218. The main building features an impressive showroom, complete with a client waiting area and restrooms, along with ample office space and substantial storage. Three overhead doors facilitate easy loading and unloading, while a fully fenced lot enhances security. Built in 2010, this property is offered at $799,000, representing a price per square foot of $57.88. The property includes Parcel # 8913-22-403-011. This versatile space is ideal for a variety of retail and automotive uses, making it an attractive investment for discerning buyers. Detailed leasing information is available upon request. This is a gross lease property with multi-tenancy.

    Property Features for 359 Rock Island Ave

    General Information

    Property type
    Automotive properties
    Square Feet
    13,804 SF

    Building Details

    Year Built
    2010
    Buildings
    1

    HighLights

    • 13,804 SF retail/office space on a 24,492 SF lot in Waterloo, IA.
    • Prime corner location at Fletcher & Rock Island Aves, near Hwy 218, offering excellent visibility.
    • Two buildings; one currently leased, generating immediate income.
    • Features showroom, office space, ample storage, three overhead doors, and a fenced lot.
    • M‑1 zoning; Parcel # 8913‑22‑403‑011; Built in 2010; $799,000 ($57.88/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Family Management Financial ... Credit Counseling Service Family Management Family Counselor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    -92.3665935
    Latitude
    42.5012067

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    FAQs

    What type of property is this?
    Automotive property - Prime Waterloo location, 13,804 SF retail/auto space.
    Where is this automotive property located?
    The property is located at 359 Rock Island Ave Waterloo, IA.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: 13,804 SF retail/office space on a 24,492 SF lot in Waterloo, IA.; Prime corner location at Fletcher & Rock Island Aves, near Hwy 218, offering excellent visibility.; Two buildings; one currently leased, generating immediate income.
    Request Owner's contact information
    359 Rock Island Ave Waterloo, IA 50701
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    Waterloo, IA 50701
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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
    359 Rock Island Ave Waterloo, IA 50701
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