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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 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.

    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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    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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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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