10 4Th StWaterloo, IA 50701

For Sale
$1,100,000

Historic 4-story office building, vacant, redevelopment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents a vacant, 73,909 square foot, four-story executive office building located at 10 W 4th St, Waterloo, IA 50701. Built in 1930, this historic property sits on a 34,892 square foot lot (APN 8913-26-235-001) and is zoned C-3. The asking price is $1,100,000, translating to $14.88 per square foot. The building offers flexible spaces suitable for various business tenants, including potential areas for a restaurant and a workout facility complete with a basketball court. Two on-site parking lots cater to clients, supplemented by a nearby 645-space parking ramp. Its prime location in downtown Waterloo, directly on the Cedar River, places it within a thriving business district. This property is situated in an opportunity zone, making it eligible for city tax incentives. This unique redevelopment project offers significant potential for investors seeking a high-impact, historic property in a growing urban core. The building's net rentable area is 73,909 square feet. This is a net lease investment opportunity.

Highlights

  • $1,100,000 asking price for a 73,909 SF net lease office building.
  • Vacant, 4-story, 1930-built executive office building in Waterloo, IA.
  • $14.88/SF price per square foot.
  • Located in Waterloo's downtown business district, near the Cedar River.
  • Features flexible spaces, potential restaurant area, and workout space with basketball court; two on-site parking lots and nearby 645-space parking ramp.
  • Situated in an Opportunity Zone with available city tax incentives.

Property Details for 10 4Th St

Property type
Other office properties, Office properties
Square Feet
73,909 SF
Year Built
1930
Buildings
1
Stories
4

Location Insight

City
Waterloo
County
Black Hawk
State
Iowa
Latitude
42.496484
Longitude
-92.339228
10 4Th St, Waterloo, Iowa

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10 4Th St
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