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    1657 Falls Ave Waterloo, IA 50701

    For Lease
    $3 SF/Yr ($4,002 /Mo)

    Prime Waterloo location, 13,490 sq ft flex space.

    Lot size:
    13,490 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 13,490-square-foot commercial property, located at 1657 Falls Avenue in Waterloo, Iowa, presents a compelling investment opportunity. Situated on nearly one acre of land (0.99 acres), this single-tenant building boasts a prime location at the corner of Falls and Fletcher Avenues, offering excellent visibility and convenient access to US Highway 218 (Avenue of the Saints). Constructed in 1918, the building is zoned C-2 and features a versatile layout suitable for a variety of uses. The space includes a lobby, office area, sales floor, and substantial warehouse space equipped with floor drains and three at-grade overhead doors. Ample parking is provided with 17 spaces available on the property. The property's APN is 891327201022, and it's located in Black Hawk County, Iowa, with a zip code of 50701. This property is ideal for businesses requiring a blend of office, retail, and warehouse space, offering a unique opportunity to establish a strong presence in a thriving Waterloo location.

    Property Features for 1657 Falls Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    13,490 SF
    Total Rate
    4002.03

    Building Details

    Year Built
    1918

    Unit(s) available at that property

    Space
    Size
    13,490 SF
    Rate per SF
    $3
    Property Profile Insight Report 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
    -92.366338244372
    Latitude
    42.498451794602

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    FAQs

    What type of property is this?
    Distribution property - Prime Waterloo location, 13,490 sq ft flex space.
    Where is this distribution property located?
    The property is located at 1657 Falls Ave Waterloo, IA.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    Request Owner's contact information
    1657 Falls 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
    1657 Falls Ave Waterloo, IA 50701
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