Property profile

2532 Crossroads Blvd Waterloo, IA 50702

OFF-MARKET
Retail properties & Spaces
6,714 SF 2.5 ac lot Built 1970
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Property summary

AI-generated overview

This exceptional 6,714 square foot single-tenant retail space presents a unique redevelopment opportunity. Situated on a 2.5-acre lot (108,900 square feet) at the Crossroads Mall, this property boasts high visibility and convenient access. The existing structure, built in 1970, features a drive-thru canopy, a prominent pole sign, and extensive paved areas exceeding 65,000 square feet. Currently vacant, this property is zoned S-1 and offers significant potential for various retail uses, including executive, medical, or creative office spaces. The property's location next to Marcus Theatres ensures high foot traffic and strong brand recognition. The seller is willing to negotiate improvements for qualified lease terms, making this an attractive investment for developers or businesses seeking a prominent location. The property's APN is 881302426008, located in Black Hawk County. This is a rare chance to acquire a substantial retail site in a high-traffic area with significant redevelopment potential. The single-building property offers flexibility and control, allowing for customized development to meet specific business needs. The ample parking and existing infrastructure further enhance the property's appeal.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1970
Total area 6,714 SF
Lot 2.5 ac (108,900 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2532 Crossroads Blvd Waterloo, IA 50702
Waterloo metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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