Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    501 Sycamore St Waterloo, IA 50703-4644
    Back to Search
    Property profile & analytics

    501 Sycamore St, Waterloo, IA 50703-4644

    View on Map

    • Office buildings
    • 199,074 SF
    • 0.73 lot acres
    Off-Market
    Last Sale May 1, 2025
    $3,750,000
    Property ID
    US25-0337340
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $3,360,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Black’s Building / Real Estate Agency
    • Nelson Properties-Midtown / Construction Company / General Contractor
    • Zensible Art & Shop online / Artist
    • Shazam Atm / Atm
    • AECOM Waterloo / Engineer / Engineering Consultant

    Property Details for 501 Sycamore St

    Year built
    1913
    Construction
    CONCRETE BLOCKS
    Lot size
    0.73 lot acres
    Property type
    Office buildings
    APN
    8913-24-361-010
    APU
    891324361010

    Description

    This magnificent eight-story, 199,074 square foot Beaux-Arts style office building, located at 501 Sycamore St, Waterloo, IA 50703, presents a unique investment opportunity. Built in 1913, this landmark structure boasts a rich history as the tallest building in Iowa at the time, originally housing Black's Department Store. The building offers 1,353 square feet of net rentable space, with an asking price of $4,000,000, translating to $20.09 per square foot. Its prominent position within Black Hawk County ensures high visibility and accessibility. The building's architectural significance and historical context provide a compelling investment proposition, offering potential for adaptive reuse or continued operation as a prestigious office space. This is a chance to acquire a piece of Waterloo's heritage and capitalize on its enduring appeal. The property's substantial size and prime location in the heart of Waterloo offer significant potential for future development and growth. This is a rare opportunity to own a piece of Iowa history.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Waterloo
    County
    Black Hawk
    State
    Iowa
    Longitude
    -92.3363
    Latitude
    42.4988
    CBSA code
    47940
    CBSA name
    WATERLOO-CEDAR FALLS, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $166,706
    $183,500
    $4,270,400
    $4,453,900
    -
    $183,500
    $4,270,400
    $4,453,900
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message