Listing Agency: Fischels Commercial Group Show Phone

Listed By: Chris Fischels · License #B44779000 Show Phone

Source: Exprealty

Added: Dec 23, 2025 Changed: Sep 4 Last Checked: Sep 6 at 9:58AM

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Investment Insights

Based on property information with market context.

A 40,000 SF bay is available in a large industrial building and is located on a large lot. The space is being offered for lease, with tenant responsibility for electric utilities.

The property is just minutes away from Waterloo/Cedar Falls, providing convenient access to the Cedar Valley area.

Pricing reflects an initial rate of $2.99 PSF for the first six months, followed by $3.25 PSF thereafter.

Key Highlights

• 40,000 SF industrial bay available in a large industrial building
• Located on a large lot and just minutes from Waterloo/Cedar Falls
• $2.99 PSF for the first 6 months; $3.25 PSF thereafter

Property Analytics

Current Use

Warehouses

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

1

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 50638, IA

3,411

Population

1,535

Households

2.2

Avg Household Size

43

Median Age

25%

College-Educated

97%

High-School Grad

94.0 sq mi

ZIP Area

36

Density / Sq Mi

$79,500

Median Household Income

$47,214

Median Earnings

$681

Median Rent

$181,000

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this warehouses located? What is the lease rate? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Warehouse - 40,000 SF industrial bay on a large lot, with electric utilities paid by the tenant.

Where is this warehouse located?

The property is located at Bay-21035 240th St Grundy Center, IA.

What are key features of this property?

This property features: 40,000 SF industrial bay available in a large industrial building; Located on a large lot and just minutes from Waterloo/Cedar Falls; $2.99 PSF for the first 6 months; $3.25 PSF thereafter