2026 Bopp St Waterloo, IA 50702-2702
- Strip malls
- 11,520 SF
- 1.25 lot acres
Current Use by Public Records
- Southtown Bar & Restaurant / American Restaurant / Bar & Grill
Property Details for 2026 Bopp St
- Year built
- 1971
- Construction
- CONCRETE BLOCKS
- Lot size
- 1.25 lot acres
- Property size
- 11,520 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- 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.
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
- -92.3174
- Latitude
- 42.4648
- CBSA code
- 47940
- CBSA name
- WATERLOO-CEDAR FALLS, IA METROPOLITAN STATISTICAL AREA
