2026 Bopp St Waterloo, IA 50702-2702

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.