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Multi-Suite Medical Office Space
For Lease
$15 SF/Yr

945 Tower Park, Waterloo, IA 50701

Existing exam rooms and reception areas support medical practice use.

Space SizeContact for details
Property Size12,493 SF
Lot Size2.48 Acres
Days on Market204

Property Features for 945 Tower Park

General Information

Standard status Active
Size 12,493 SF
Class A
Lot size 2.48 Acres
Property subtype Office

Space & Availability

Divisible Yes
Space Use Medical Office
Condition Turnkey

Additional Details

Highway Access Yes

Taxes and HOA fees

Annual Taxes $74,148

Building Details

Building Size 12,493 SF
Year Built 2011
Listing Agency: AWRE - Commercial & Development
Listed By: Phillip Shirk · License #B63101000
Source: Karensteffeshomes
Added: Apr 7 Changed: Oct 26 Last Checked: Oct 26 at 3:52PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of AWRE - Commercial & Development

Rey
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Investment Insights

Based on property information with market context.

This 12,493-square-foot medical office space was built in 2011 on approximately 2.48 acres. Its existing layout includes private offices, exam rooms, and a waiting and reception area. The building can accommodate a single occupant or be configured into two- or three-suite layouts.

On-site parking serves staff and patients. The property is near Highway 20 in Waterloo, Iowa, along a commercial corridor.

Key Highlights

  • 12,493‑square‑foot medical office building
  • Built in 2011 on approximately 2.48 acres
  • Layout includes private offices, exam rooms, and a waiting and reception area

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Calderwood Laura V ... Physician Dr. Steven A. Erickson Pediatrician Adrian Burton R ... Physician va clinic Corporate Office Jampoler Jennifer S Medical Clinic

Suggested Use

Top Pick Restaurant Building Supply Law Firm Big Box & Wholesale Store Real Estate Agency Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

255
Businesses Nearby
Balanced
Demand for This Use

Demographics for 50701, IA

29,806
Population
14,530
Households
2.1
Avg Household Size
39
Median Age
30%
College-Educated
95%
High-School Grad
79.1 sq mi
ZIP Area
377
Density / Sq Mi
$62,857
Median Household Income
$41,464
Median Earnings
$846
Median Rent
$183,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Similar Off Market Nearby

  • Den Herder Veterinary Hospital — 4041 Hurst Dr, Waterloo, IA 50701
  • Den Herder Veterinary Hospital: Taylor Tom DVM — 4041 Hurst Dr, Waterloo, IA 50701

Frequently Asked Questions

What type of property is this?
Medical Office Space - Existing exam rooms and reception areas support medical practice use.
Where is this medical office space located?
The property is located at 945 Tower Park Waterloo, IA.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: 12,493‑square‑foot medical office building; Built in 2011 on approximately 2.48 acres; Layout includes private offices, exam rooms, and a waiting and reception area
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