Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    1657 Falls Ave Waterloo, IA 50701

    Sponsored
    For Sale
    $599,950

    13,490 SF Flex Space, $599,950

    Property size:
    13,490 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 13,490-square-foot mixed-use property, located at 1657 Falls Avenue in Waterloo, Iowa, presents a compelling investment opportunity. Situated on a nearly one-acre lot (0.99 acres), this building boasts a prime location at the corner of Falls and Fletcher Avenues, offering excellent visibility and convenient access to US Highway 218. Built in 1918, the structure is zoned C-2 and features a versatile layout suitable for various uses, including auto shop and flex space. The interior includes a lobby, office space, a sales floor, and a substantial warehouse area equipped with floor drains and three at-grade overhead doors. Ample parking is available with 17 spaces on-site. The asking price is $599,950, translating to a price per square foot of $44.47. The property's APN is 891327201022. This property is ideal for businesses seeking a high-visibility location with substantial space and convenient access to major transportation routes. The combination of its location, size, and adaptable interior makes this a rare find in the Waterloo market. The property's history and current configuration offer a unique blend of character and functionality, making it an attractive option for a wide range of commercial enterprises. This is a truly exceptional opportunity to acquire a well-positioned and versatile commercial property in a thriving Iowa community.

    Property Features for 1657 Falls Ave

    General Information

    Property type
    Automotive properties
    Square Feet
    13,490 SF
    Lot Size
    43,124 SF

    Building Details

    Year Built
    1918

    HighLights

    • 13,490 SF mixed‑use building on a 0.99‑acre lot in Waterloo, IA.
    • Prime corner location at Falls & Fletcher Aves, near US Hwy 218.
    • C‑2 zoning, suitable for auto shop and flex space.
    • Features lobby, office, sales floor, warehouse with floor drains & 3 overhead doors.
    • 17 on‑site parking spaces; $599,950 asking price ($44.47/SF); APN 891327201022.
    Property Profile Location Intelligence

    Current Use by Public Records

    R C Systems/A ... Radio Broadcaster

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterloo
    County
    Black Hawk
    State
    Iowa
    Longitude
    -92.3668252
    Latitude
    42.4981949

    Nearby Similar for Sale

    • New
      $648,900
      4.43 Acres

      Versatile Commercial Property Near Highway

      31,721 SF commercial property with warehouse and office space.
      3130 W Shaulis Rd, Waterloo, IA 50701
      View Details
    • New
      $749,900
      0.23 Acres

      Waterloo Multifamily Property with Storefronts

      27-unit multifamily property with 3 storefronts in Waterloo, Iowa.
      213-223 E 5Th St, Waterloo, IA 50703
      View Details
    • $4,395,000
      30,080 SF

      Self-Storage Complex on 5.19 Acres

      High-traffic self-storage complex with indoor and outdoor storage.
      3556 Marnie Ave, Waterloo, IA 50701
      View Details
    • $1,100,000
      3.05 Acres

      Waterloo Industrial Property on Wagner

      Versatile industrial property with warehouse, shop, and office space.
      3050 Wagner Rd, Waterloo, IA 50703
      View Details
    • $510,900
      1.12 Acres

      Waterloo Commercial Property For Sale

      Commercial property in Waterloo, Iowa, with expansion potential.
      1005 Maynard Ave, Waterloo, IA 50701
      View Details
    • New
      $899,900
      0.74 Acres

      Eveland Plaza Commercial Property

      Five-unit commercial property with income potential in Waterloo, Iowa.
      910-930 W 5Th St, Waterloo, IA 50702
      View Details
    • New
      Contact for pricing
      4.43 Acres

      Waterloo Warehouse on 4.5 Acres

      Highly visible warehouse space with expansion potential near Highway 63.
      3130 W Shaulis - Warehouse Lease, Waterloo, IA 50701
      View Details
    • $189,900
      0.16 Acres

      Well-Maintained Duplex in Waterloo, IA

      Investment opportunity: spacious duplex with updates and tenant in place.
      608-610 Martin Rd, Waterloo, IA 50701
      View Details
    • $249,900
      Pending

      Waterloo Duplex in Central Location

      Well-maintained duplex in Waterloo, offering investment potential and convenience.
      114-116 Sunset Rd, Waterloo, IA 50701
      View Details
    • $129,900
      Pending

      Waterloo Duplex: Investment Opportunity

      Centrally located duplex, ideal for investors or owner-occupants.
      415-417 Bourland Ave, Waterloo, IA 50702
      View Details
    • $465,000
      5,000 SF

      Waterloo Commercial Building For Sale

      5,000 SF commercial building on a large corner lot.
      1145 W Donald St, Waterloo, IA 50703
      View Details
    • $270,000
      0.14 Acres

      Waterloo Fourplex: Income-Producing Investment

      Fully occupied fourplex near downtown Waterloo with recent capital improvements.
      911 Lafayette St, Waterloo, IA 50703
      View Details

    FAQs

    What type of property is this?
    Automotive property - 13,490 SF Flex Space, $599,950
    Where is this automotive property located?
    The property is located at 1657 Falls Ave Waterloo, IA.
    What is the asking price?
    The asking price for this property is $599,950.
    What are key features of this property?
    This property features: 13,490 SF mixed-use building on a 0.99-acre lot in Waterloo, IA.; Prime corner location at Falls & Fletcher Aves, near US Hwy 218.; C-2 zoning, suitable for auto shop and flex space.
    Request Owner's contact information
    1657 Falls Ave Waterloo, IA 50701
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1657 Falls Ave
    Waterloo, IA 50701
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1657 Falls Ave Waterloo, IA 50701
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.