501 4Th St Waterloo, IA 50701
- Retail space
- 6,352 SF
- 0.11 lot acres
Current Use by Public Records
- Retail space
Property Details for 501 4Th St
- Year built
- 1913
- Lot size
- 0.11 lot acres
- Property size
- 6,352 SF
- Property type
- Retail space
- APN
- 8913-26-281-001
- APU
- 891326281001
Description
This exceptional mixed-use investment property, located at 501-505 W 4th Street in Waterloo, Iowa, presents a unique opportunity. The building, constructed in 1913 and situated on a 16,800 square foot lot, boasts a total of 7,552 square feet of net rentable space. The property is zoned C-2 and comprises eight units in total. The main level features three versatile office/retail spaces, ideal for a variety of businesses. Above, five residential apartment units provide additional income streams. This multi-unit building offers significant potential for investors seeking a blend of commercial and residential income. The asking price is $269,900, translating to a price per square foot of $35.74. A key advantage is the ample off-street parking, providing convenient access for tenants and customers. The property's prominent location ensures excellent visibility, attracting potential tenants and maximizing rental income. This is a rare opportunity to acquire a well-positioned, income-generating property in a thriving downtown area. The building's history and character combine with modern functionality to create a truly unique investment prospect. Don't miss this chance to own a piece of Waterloo's vibrant commercial landscape.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Waterloo
- County
- Black Hawk
- State
- Iowa
- Longitude
- -92.3424
- Latitude
- 42.4925
- CBSA code
- 47940
- CBSA name
- WATERLOO-CEDAR FALLS, IA METROPOLITAN STATISTICAL AREA
