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Listed by Chris Fischels • Fischels Commercial Group
$249,900
Est. payment /mo
0.39 Acres Lot
Active
501-505 W 4th ST Waterloo, IA 50701
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Key Details
Property Type Commercial
Sub Type Office/Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20260101
Year Built 1913
Annual Tax Amount $5,443
Tax Year 2024
Lot Size 0.390 Acres
Acres 0.39
Property Sub-Type Office/Retail
Property Description
This multi-unit, mixed-use investment opportunity features a versatile income stream with three main-level office or retail suites and five residential apartments on the second level. The property is strategically positioned for maximum exposure, offering high visibility and the rare convenience of a large, private off-street parking area for both tenants and clients. Adding to the flexibility of this asset, all residential leases are currently on a month-to-month basis, providing an ideal scenario for an investor looking to adjust to market rents or transition the units. With a solid foundation of commercial and residential synergy, this property is a standout for those seeking a diversified portfolio. Furthermore, the seller is open to considering a sale on contract, depending on the strength of the proposed terms.
Location
State IA
County Black Hawk
Zoning C-2
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Tile, Carpet, Concrete
Fireplace N
Exterior
Utilities Available Electricity Available, Natural Gas Available, Water Available, Sewer Available, Phone Available
View Y/N true
Roof Type Flat
Building
Sewer Public Sewer
Structure Type Brick
Others
Acceptable Financing NBR20260101
Listing Terms NBR20260101
Special Listing Condition Normal Sale
NEARBY SCHOOL & BUSINESS
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