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1210 Southtown Drive 1210 Southtown Dr 2,972 SF 100% Leased Office Building Waterloo, IA 50702 $269,900 ($90.81/SF)
Executive Summary
Excellent opportunity to acquire a multi-building property offering both investment income and owner-occupant potential. The site includes two buildings across three parcels, providing flexibility for a variety of uses or future expansion. A regional tenant has occupied the
property for the past three years, offering stable income. The building at 2016 Howard is currently available for occupancy, ideal for an
owner-user or new tenant. The building at 2029 Plymouth features newer A/C, roof, and gutters, along with two 12’ x 11’ overhead doors.
The 2016 Howard building includes one 16’ x 7’ overhead door and offers versatile space for a range of commercial or light industrial
uses. This property combines dependable tenancy, quality building upgrades, and immediate occupancy options—making it a strong fit
for both investors and business owners seeking a functional, income-producing asset.
property for the past three years, offering stable income. The building at 2016 Howard is currently available for occupancy, ideal for an
owner-user or new tenant. The building at 2029 Plymouth features newer A/C, roof, and gutters, along with two 12’ x 11’ overhead doors.
The 2016 Howard building includes one 16’ x 7’ overhead door and offers versatile space for a range of commercial or light industrial
uses. This property combines dependable tenancy, quality building upgrades, and immediate occupancy options—making it a strong fit
for both investors and business owners seeking a functional, income-producing asset.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
2,972 SF
Building Class
C
Year Built
1981
Price
$269,900
Price Per SF
$90.81
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
2,972 SF
Building FAR
0.14
Lot Size
0.50 AC
Zoning
C-2
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 8813-11-103-005 | Improvements Assessment | $209,570 |
| Land Assessment | $110,000 | Total Assessment | $319,570 |
Property Taxes
Parcel Number
8813-11-103-005
Land Assessment
$110,000
Improvements Assessment
$209,570
Total Assessment
$319,570
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1210 Southtown Drive | 1210 Southtown Dr