For Sale
$1,800,000

100 Park Ave Waterloo, IA 50703

Iconic 52,398 SF Office Building

Overview

Added:
Dec 11, 2024
Days on market:
130
This exceptional three-story office building, located at 100 E Park Ave in Waterloo, IA, presents a compelling investment opportunity. Boasting 52,398 square feet, the property features a striking three-story vaulted ceiling in the main retail/office area, offering a unique and impressive space. The second and third floors provide stunning views of the Cedar River and Riverloop Amphitheatre, complemented by a high-quality office environment. Built in 1976, this Class B building is situated on a 1.573-acre lot in Waterloo's Central Business District, providing convenient access to numerous dining, shopping, and community events. The property includes 105 parking spaces and is zoned C-3. With a gross lease type and multi-tenancy, the building offers a 5.01% cap rate and a pro-forma NOI of $90,161. The asking price is $1,800,000, translating to $43.89 per square foot. This is a rare chance to acquire a prominent, well-located commercial property in a thriving downtown area. The property's APN is 891325101011.

Highlights

  • Exceptional three-story, 52,398 SF office building in Waterloo, IA's Central Business District.
  • Features a striking three-story vaulted ceiling in the main area and stunning river views from upper floors.
  • 1.57-acre lot with 105 parking spaces; C-3 zoning.
  • Built in 1976, Class B building offering a 5.01% cap rate and $90,161 pro-forma NOI.
  • Asking price: $1,800,000 ($43.89/SF); Gross lease, multi-tenant.
  • APN: 891325101011.

Property Details for 100 Park Ave

Property type
Retail properties, Office properties
Square Feet
52,398 SF
Class
B
Year Built
1976
Stories
3
Lot Size (sq. ft)
68,520 SF

Location Insight

City
Waterloo
County
Black Hawk
State
Iowa
Latitude
42.49749203
Longitude
-92.33874629
100 Park Ave, Waterloo, Iowa

FAQs

What type of property is this?
Retail property - Iconic 52,398 SF Office Building
Where is the retail property located?
The property is located at 100 Park Ave Waterloo, IA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Exceptional three-story, 52,398 SF office building in Waterloo, IA's Central Business District.; Features a striking three-story vaulted ceiling in the main area and stunning river views from upper floors.; 1.57-acre lot with 105 parking spaces; C-3 zoning.
How can I contact the broker?
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100 Park Ave
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