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Medical Office Suite

E-1655 E San Marnan Dr, Waterloo, IA 50701

For Lease
$32 SF/Yr

Exam rooms, a treatment area, and lab/prep space are already in place.

Space Size2,406 SF
Days on Market445

Property Features for E-1655 E San Marnan Dr

General Information

Standard status Active
Size 2,406 SF
Net Rentable 2,406 SF

Space & Availability

Available Space 2,406 SF
Contiguous Space 2,406 SF
Space Use Medical Office
Condition Turnkey

Additional Details

Highway Access Yes

Taxes and HOA fees

Annual Taxes $109,578
Listing Agency: Lockard Realty Company
Listed By: Lindsey McEnaney · License #S70812000
Source: Exprealty
Added: Aug 20, 2025 Changed: Nov 4 Last Checked: Nov 6 at 2:07PM

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 Lockard Realty Company

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Investment Insights

Based on property information with market context.

The suite has a healthcare-oriented layout with multiple exam rooms, a treatment area, staff lounge, and lab/prep space. Existing improvements support medical or professional occupancy, with UnityPoint Clinic Express, Miracle Ear, Athletico Physical Therapy, and Fancy Nail & Spa among the co-tenants at the property.

Located at E-1655 E San Marnan Dr in Waterloo, the space is along East San Marnan Drive, off the I-380 / US 218 interchange. Nearby retail anchors include Target, Kwik Star, and CVS. The property also offers parking.

Key Highlights

  • Multiple exam rooms, a treatment area, staff lounge, and lab/prep space
  • Co‑tenants include UnityPoint Clinic Express, Miracle Ear, Athletico Physical Therapy, and Fancy Nail & Spa
  • Along East San Marnan Drive, off the I‑380 / US 218 interchange

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick HVAC Service Kitchen & Bath Showroom Electrical Service Hair Salon Grocery & Convenience Store Nail Salon

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
$4.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

691
Businesses Nearby
Under-served
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

Market

Lease Benchmarks for Waterloo, IA

$21 /SF/Yr
Avg Asking Price
$13–$32 /SF/Yr
Price Range
13,340 SF
Avg Space Size

This space is priced 52% above the average of $21 /SF/Yr.

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 - Exam rooms, a treatment area, and lab/prep space are already in place.
Where is this medical office space located?
The property is located at E-1655 E San Marnan Dr Waterloo, IA.
What is the lease rate?
The lease rate is $32 SF/Yr.
What are key features of this property?
This property features: Multiple exam rooms, a treatment area, staff lounge, and lab/prep space; Co‑tenants include UnityPoint Clinic Express, Miracle Ear, Athletico Physical Therapy, and Fancy Nail & Spa; Along East San Marnan Drive, off the I‑380 / US 218 interchange
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