359 Rock Island Ave Waterloo, IA 50701
- Office buildings
- 2,240 SF
- 0.56 lot acres
Current Use by Public Records
- Family Management Financial Solutions / Credit Counseling Service / Financial Consultant
- Family Management / Family Counselor
Property Details for 359 Rock Island Ave
- Year built
- 1962
- Construction
- FRAME
- Lot size
- 0.56 lot acres
- Property size
- 2,240 SF
- Property type
- Office buildings
- APN
- 8913-22-451-015
- APU
- 891322451015
Description
This exceptional commercial property, located at 359 Rock Island Ave in Waterloo, Iowa, presents a unique investment opportunity. The 13,804 square foot space is zoned M-1 and sits on a substantial 24,492 square foot lot, encompassing two buildings. One building is currently leased, offering immediate income potential. The property boasts a prime corner location at the intersection of Fletcher and Rock Island Avenues, providing excellent visibility and convenient access to Highway 218. The main building features an impressive showroom, complete with a client waiting area and restrooms, along with ample office space and substantial storage. Three overhead doors facilitate easy loading and unloading, while a fully fenced lot enhances security. Built in 2010, this property is offered at $799,000, representing a price per square foot of $57.88. The property includes Parcel # 8913-22-403-011. This versatile space is ideal for a variety of retail and automotive uses, making it an attractive investment for discerning buyers. Detailed leasing information is available upon request. This is a gross lease property with multi-tenancy.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Waterloo
- County
- Black Hawk
- State
- Iowa
- Longitude
- -92.3668
- Latitude
- 42.501
- CBSA code
- 47940
- CBSA name
- WATERLOO-CEDAR FALLS, IA METROPOLITAN STATISTICAL AREA
