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    501 4Th St Waterloo, IA 50701

    Sponsored
    For Sale
    $269,900

    Mixed-use investment: 8 units, 7,552 SF

    Property size:
    7,552 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use investment property, located at 501-505 W 4th Street in Waterloo, Iowa, presents a unique opportunity. The building, constructed in 1913 and situated on a 16,800 square foot lot, boasts a total of 7,552 square feet of net rentable space. The property is zoned C-2 and comprises eight units in total. The main level features three versatile office/retail spaces, ideal for a variety of businesses. Above, five residential apartment units provide additional income streams. This multi-unit building offers significant potential for investors seeking a blend of commercial and residential income. The asking price is $269,900, translating to a price per square foot of $35.74. A key advantage is the ample off-street parking, providing convenient access for tenants and customers. The property's prominent location ensures excellent visibility, attracting potential tenants and maximizing rental income. This is a rare opportunity to acquire a well-positioned, income-generating property in a thriving downtown area. The building's history and character combine with modern functionality to create a truly unique investment prospect. Don't miss this chance to own a piece of Waterloo's vibrant commercial landscape.

    Property Features for 501 4Th St

    General Information

    Property type
    Office space
    Square Feet
    7,552 SF

    Building Details

    Year Built
    1913
    Buildings
    1
    Units
    8

    HighLights

    • Mixed‑use investment property with 3 office/retail spaces and 5 residential apartments.
    • 7,552 square feet on a 16,800 square foot lot in Waterloo, IA.
    • C‑2 zoning.
    • Asking price: $269,900 ($35.74/SF).
    • Ample off‑street parking and high visibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    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
    -92.342465
    Latitude
    42.4925036

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    FAQs

    What type of property is this?
    Office space - Mixed-use investment: 8 units, 7,552 SF
    Where is this office space located?
    The property is located at 501 4Th St Waterloo, IA.
    What is the asking price?
    The asking price for this property is $269,900.
    What are key features of this property?
    This property features: Mixed-use investment property with 3 office/retail spaces and 5 residential apartments.; 7,552 square feet on a 16,800 square foot lot in Waterloo, IA.; C-2 zoning.
    Request Owner's contact information
    501 4Th St 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
    501 4Th St Waterloo, IA 50701
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