2026 Bopp StWaterloo, IA 50702

Property Details for 2026 Bopp St

Year built

1971

Construction

CONCRETE BLOCKS

Lot size

1.25 AC

Property size (Sq ft)

11,520 SF

Property type

Retail properties

Property subtype

Strip malls

APN

8813-01-301-001

APU

881301301001

Description

This exceptional investment opportunity presents a 13,520-square-foot, single-story, multi-tenant retail building situated on a 54,406-square-foot lot in Waterloo, Iowa. The property, built in 1971 and renovated in 2020, boasts a Class A designation and features three suites totaling 7,700 net rentable square feet. Currently, the property has 33% occupancy, with one suite occupied by Southtown Bar & Restaurant, included in the $899,900 asking price. This suite can be purchased separately for $400,000, including equipment. Two additional suites are available. One, a 2,000-square-foot space, is leased until July 2024 at $1,500 per month. The other, a 5,200-square-foot corner unit, is leased at a graduated rate of $2,500 per month. The property benefits from a 10% cap rate and features rent bumps. The building is zoned M1 and offers significant potential for future growth and income. The lease type is Net, with a remaining lease term of one year until March 26, 2029. This is an ideal investment for those seeking a strong return in a desirable Waterloo location. The property's location and diverse tenant mix make it a compelling opportunity for long-term growth and profitability.

Location Insight

City

Waterloo

County

Black Hawk

State

Iowa

Latitude

42.4648

Longitude

-92.3174

CBSA code

47940

CBSA name

WATERLOO-CEDAR FALLS, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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