2520 Melrose Dr, Cedar Falls, IA 50613
This exceptional 3,000 square foot retail or office space is situated within a well-maintained strip center at 2520 Melrose Drive, Suite L, Cedar Falls, IA 50613. Built in 1967 and zoned C-2, the property offers a versatile layout currently configured for medical use, making it ideal for a variety of businesses. The space boasts a welcoming reception/waiting area, a dedicated administrative area, two restrooms, three spacious exam rooms, multiple private offices, and substantial storage. The existing high-quality finish significantly reduces upfront tenant improvement costs. The entire building encompasses 10,900 square feet and features multiple tenancies. This location provides excellent visibility and accessibility within a thriving Cedar Falls commercial district. Net, Net, Net (NNN) expenses are estimated at $5.50 per square foot. This is a fantastic opportunity for a business seeking a move-in ready space with a functional design and convenient location. The property's existing layout and amenities offer immediate occupancy, minimizing downtime and maximizing return on investment. Contact us today to schedule a viewing and explore the possibilities.
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Escapology Escape Rooms Cedar Falls Arcade & Gaming Center
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handy laundry (Bike/Boat/Book/etc) Store
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Dr. Susan C. Haskell, DO Physician
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Absolute Beauty Hair Salon Nail Salon
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.