2225 Shaulis RdWaterloo, IA 50701

Property Details for 2225 Shaulis Rd

Year built

2001

Construction

FRAME

Lot size

48.53 AC

Property size (Sq ft)

1,788 SF

Property type

Retail space

APN

8813-12-351-003

APU

881312351003

Description

This exceptional commercial land opportunity is located in Waterloo, Iowa, at 2225 E Shaulis Rd, 50701, boasting unparalleled visibility and accessibility. Situated near the intersection of I-380, Hwy 20, and Hwy 218, this property benefits from high traffic counts and proximity to major transportation arteries. The land is zoned CP and offers flexible lot sizes, ranging from one to fifty-six acres, with the potential for up to 100 acres. The asking price is $217,800 per acre. This prime location places your business in the heart of Waterloo's entertainment zone, alongside renowned attractions such as Lost Island Waterpark (USA Today's #3 rated outdoor waterpark), Lost Island Theme Park, The Isle Casino, Hawkeye Community College, South Hills Golf Course, and Bamboo Ridge KOA. The property is ideally suited for family entertainment, hospitality, restaurant, and retail ventures. Developers are encouraged to explore build-to-suit options, subject to seller approval of land use, site plan, and exterior elevations. Improved land pricing starts at $5 per square foot. This is a unique chance to establish a thriving business in a high-growth area with significant existing foot traffic and tourism.

• CAP approach

  CAP return

  Valuation

  6%

  $432,657

  6.5%

  $399,376

  7%

  $370,849

• Comparable approach

  Method

  Valuation

  Relative Method

  $229,974

  Geo Method

  $229,974

• Alternative Use

  Use

  Valuation

  Residential

  $336,888

  Hospitality

  $308,588

  Educational

  $256,742

  Medical

  $265,571

  Retail

  $399,376

Location Insight

City

Waterloo

County

Black Hawk

State

Iowa

Latitude

42.4449

Longitude

-92.3143

CBSA code

47940

CBSA name

WATERLOO-CEDAR FALLS, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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