500 Jefferson StWaterloo, IA 50701

Property Details for 500 Jefferson St

Year built

1929

Construction

CONCRETE BLOCKS

Lot size

0.22 AC

Property size (Sq ft)

7,995 SF

Property type

Office buildings

APN

8913-26-232-001

APU

891326232001

Description

This exceptional Class A commercial property, located at 500 Jefferson Street in Waterloo, Iowa, offers 2,750 square feet of vacant space within a 7,000 square foot building. Built in 1929 and situated on a 9,800 square foot lot, this multi-tenant property is zoned C-3 and boasts a prime location near the convention center and vibrant shopping/dining districts. The space features a thoughtfully configured interior with numerous offices and a spacious reception area, providing a flexible layout adaptable to various business needs, including retail, office, or professional services. The property offers the convenience of off-street parking, ensuring easy access for clients and employees. Its high-traffic location provides excellent visibility and exposure. The property's APN is 891326232001, and it's located in Black Hawk County, Iowa, zip code 50701. This is an excellent opportunity to establish or expand your business in a desirable and well-connected area of Waterloo. The existing infrastructure provides a solid foundation for customization to meet specific business requirements. Don't miss this chance to secure a space in this thriving commercial district.

• CAP approach

  CAP return

  Valuation

  6%

  $1,316,065

  6.5%

  $1,214,829

  7%

  $1,128,056

• Comparable approach

  Method

  Valuation

  Relative Method

  $408,065

  Geo Method

  $408,065

• Alternative Use

  Use

  Valuation

  Residential

  $1,506,388

  Hospitality

  $1,379,844

  Educational

  $1,148,014

  Medical

  $1,187,496

  Retail

  $1,785,799

Location Insight

City

Waterloo

County

Black Hawk

State

Iowa

Latitude

42.4947

Longitude

-92.3418

CBSA code

47940

CBSA name

WATERLOO-CEDAR FALLS, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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