100 Park Ave Waterloo, IA 50703
- Retail properties
- 52,398 SF
- 1.57 lot acres
Current Use by Public Records
- Riverview Center / Non-Profit Organization / Crime Victim Service
- Kunz Thomas G CPA / Accountant
- Guernsey Charitable Foundation / Charity
- Creative Planning / Payroll Service / Financial Advisor
Property Details for 100 Park Ave
- Year built
- 1976
- Lot size
- 1.57 lot acres
- Property size
- 52,398 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional three-story office building, located at 100 E Park Ave in Waterloo, IA, presents a compelling investment opportunity. Boasting 52,398 square feet, the property features a striking three-story vaulted ceiling in the main retail/office area, offering a unique and impressive space. The second and third floors provide stunning views of the Cedar River and Riverloop Amphitheatre, complemented by a high-quality office environment. Built in 1976, this Class B building is situated on a 1.573-acre lot in Waterloo's Central Business District, providing convenient access to numerous dining, shopping, and community events. The property includes 105 parking spaces and is zoned C-3. With a gross lease type and multi-tenancy, the building offers a 5.01% cap rate and a pro-forma NOI of $90,161. The asking price is $1,800,000, translating to $43.89 per square foot. This is a rare chance to acquire a prominent, well-located commercial property in a thriving downtown area. The property's APN is 891325101011.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Waterloo
- County
- Black Hawk
- State
- Iowa
- Longitude
- -92.3387
- Latitude
- 42.4975
