100 Park AveWaterloo, IA 50703

For Sale
$1,800,000

Iconic 52,398 SF Office Building

Overview

Added:
Dec 11, 2024
Days on market:
91
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
Other retail properties, Other 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

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100 Park Ave
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