2823 University Ave, Waterloo, IA 50701

2823 University Ave, Waterloo, IA 50701
2823 University Ave, Waterloo, IA 50701
MLS ID #:
20175564

Property Address:
2823 University Ave
Waterloo, IA 50701

County:
Black Hawk

Region:
Waterloo South 10

Area:
Waterloo

Miles to Highway:
218

Year Built:
1957

Property Type:
Commercial

Sub-Type:
Office/Retail

Building Description:
Free Standing

Insulation:
Roof, Side Walls

Date Listed:
October 6th, 2017

Status:
Active

Price:
$245,000.00

Ownership:
Individual

Possession:
Immediate, Negotiable, At Closing

Gross Taxes:
7811.00

Tax Year:
2016

Gross Op Income:
$30,000.00 Projected

Net Op Income:
$30,000.00 Projected

Multi-Tenant:
Yes

Tenant Pays:
All

Possible Financing:
Cash Convention, Negotiable

Sale/Rent:
For Sale

For Lease:
Yes

Terms/Lease:
Yearly, 2 Years, 3 Years, 4 Years, 5 Years

Options:
Exchange

Lease Type:
Net

Sale/Lease Type:
Normal Sale

Lease $/Month:
$2,500.00

Lease $/SqFt:
$5.50

For Sale:
Yes

Avail at List Office:
None

Zoning:
Commercial

Potential Use:
Office, Retail

Restrict/Easements:
Unknown

Legal Desc:
Kearns addition NWLY 75 ft lot 88 SELY 25 ft lot 89

Drive-In Doors:
2

Included:
Land, Building

Total Avail Sq Ft:
5,400 sq ft

Total Building Sq Ft:
5,400 sq ft

Warehouse SqFt:
1,400 sq ft

Office SqFt:
4,000 sq ft

Retail SqFt:
4,000 sq ft

Lot Sq Footage:
16,000

Acres:
0.3670

Frontage/Access:
Frontage Road

Exterior:
Concrete, Vinyl

Roof Construction:
Wood/Shingle/Shake

Wall Construction:
Block, Masonry

Floor Construction:
Concrete

Utilities Available:
Electric, Gas, Water, Sewer, Phone

Sewer Type:
Common Sewer

Heating:
Forced Air, Gas

Cooling:
Central

Remarks: 5400 sq ft of combined retail, office, warehouse/storage service dept. High visibility for sale or lease Business property Tax credit reduces taxes to 4942.00
Realtor/Equal Housing Lender Listing provided courtesy of Lockard Realty Company.
Listing Agent: David Kruse
IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.

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