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    425 Cedar St Waterloo, IA 50701

    Sponsored
    For Sale
    $1,200,000

    3-Story, 38,940 SF Bank Building

    Property size:
    38,940 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 38,940 square foot former bank building presents a unique investment opportunity in the heart of Waterloo, Iowa. Situated on a sizable 1.308-acre lot, this three-story structure offers significant potential for redevelopment or repurposing. Built in 1973, the building boasts ample space, currently configured as a single unit, ideal for a variety of commercial uses. Its central business district location provides excellent visibility and accessibility, with convenient parking readily available. The property's substantial size and prime location make it an attractive prospect for businesses seeking a prominent presence in Waterloo. The building's solid construction and substantial lot size offer flexibility for future expansion or adaptation to meet evolving business needs. This is a rare opportunity to acquire a significant commercial property in a thriving Iowa city. The property's asking price is $1,200,000. Serious inquiries are encouraged. The address is 425 Cedar St, Waterloo, IA 50701.

    Property Features for 425 Cedar St

    General Information

    Property type
    Individual retail properties
    Square Feet
    38,940 SF
    Lot Size
    56,976 SF

    Building Details

    Year Built
    1973
    Buildings
    1
    Stories
    3
    Units
    1

    HighLights

    • $1,200,000 asking price for a 38,940 SF retail/office property.
    • Former bank building with three stories.
    • Located on a 1.308‑acre lot in Waterloo, IA's central business district.
    • Features ample parking.
    • Single‑unit building constructed in 1973.
    Property Profile Location Intelligence

    Current Use by Public Records

    Junior Achievement of Eastern ... Social Services Organization U.S. Bancorp Investments ... Financial Planner Cedar Valley United ... Non-Profit Organization US Bank Mortgage Mortgage Broker U.S. Bank Branch Bank

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterloo
    County
    Black Hawk
    State
    Iowa
    Longitude
    -92.339981924147
    Latitude
    42.496525909319

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    FAQs

    What type of property is this?
    Individual retail property - 3-Story, 38,940 SF Bank Building
    Where is this individual retail property located?
    The property is located at 425 Cedar St Waterloo, IA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: $1,200,000 asking price for a 38,940 SF retail/office property.; Former bank building with three stories.; Located on a 1.308-acre lot in Waterloo, IA's central business district.
    Request Owner's contact information
    425 Cedar St Waterloo, IA 50701
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    425 Cedar 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
    425 Cedar St Waterloo, IA 50701
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