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    OFF-MARKET
    Retail properties & Spaces

    2520 Melrose Dr, Cedar Falls, IA 50613

    10,900 SF Built 1967
    Property ID
    Property summary
    AI-generated overview

    This exceptional retail opportunity is located at 2520 Melrose Drive, Suite A, in Cedar Falls, Iowa, within a well-established strip center conveniently situated off University Avenue. The property, built in 1967, offers a total of 2,500 square feet of adaptable retail space within a larger 10,900 square foot building. Currently, one unit is available, but the space can be subdivided to accommodate specific tenant requirements. The open layout allows for maximum customization to suit diverse business needs. The property is zoned C-2, providing flexibility for a range of retail uses. Ample parking is available for customers and employees, enhancing convenience and accessibility. Excellent signage opportunities exist, ensuring high visibility and brand recognition. The property is located in Black Hawk County, Iowa, with a zip code of 50613. Net, Net, Net (NNN) expenses are estimated at $5.50 per square foot. This location offers a strong combination of accessibility, visibility, and flexibility, making it an ideal space for a variety of retail businesses. The property's location near University Avenue ensures high foot traffic and visibility.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1967
    Total area 10,900 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Escapology Escape Rooms Cedar Falls Arcade & Gaming Center
    • handy laundry (Bike/Boat/Book/etc) Store
    • Dr. Susan C. Haskell, DO Physician
    • Absolute Beauty Hair Salon Nail Salon
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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