425 Cedar StWaterloo, IA 50701

Property Details for 425 Cedar St

Year built

1973

Lot size

1.31 AC

Property size (Sq ft)

38,940 SF

Property type

Banks

APN

8913-26-229-007

APU

891326229007

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $9,422,631

  6.5%

  $8,697,813

  7%

  $8,076,541

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,008,494

  Geo Method

  $5,008,494

• Alternative Use

  Use

  Valuation

  Residential

  $7,336,931

  Hospitality

  $6,720,590

  Educational

  $5,591,452

  Medical

  $5,783,750

  Retail

  $8,697,813

Location Insight

City

Waterloo

County

Black Hawk

State

Iowa

Latitude

42.4969

Longitude

-92.3405

CBSA code

47940

CBSA name

WATERLOO-CEDAR FALLS, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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