Property summary
This exceptional 38,940 square foot former bank building presents a unique investment opportunity in the heart of Waterloo, Iowa. Situated on a sizable 1.308-acre lot, this three-story structure offers significant potential for redevelopment or repurposing. Built in 1973, the building boasts ample space, currently configured as a single unit, ideal for a variety of commercial uses. Its central business district location provides excellent visibility and accessibility, with convenient parking readily available. The property's substantial size and prime location make it an attractive prospect for businesses seeking a prominent presence in Waterloo. The building's solid construction and substantial lot size offer flexibility for future expansion or adaptation to meet evolving business needs. This is a rare opportunity to acquire a significant commercial property in a thriving Iowa city. The property's asking price is $1,200,000. Serious inquiries are encouraged. The address is 425 Cedar St, Waterloo, IA 50701.
Property profile
VerifiedCap rate & NOI
Current use
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Social Service Agency Charitable Organization
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Financial Advisor
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Charitable Organization Social Service Agency
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Loan Service Bank
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Bank Loan Service
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning