404 E 4th Street, Waterloo, IA 50703
Black Hawk County
Key Facts
Description
A premier downtown investment opportunity, this 17,208 SF Class A office building offers a rare combination of quality, stability, and long-term value. Fully occupied by two established tenants, the property provides immediate cash flow and meticulously renovated asset. Positioned in the heart of Downtown Waterloo, the building features premium finishes throughout, distinctive architecture, and a commanding presence within the city's business district. Situated on approximately 0.65 acres, the property includes more than 50 on-site parking stalls, secure vault space, and modern building systems designed to accommodate a variety of professional office users. Surrounded by government offices, restaurants, entertainment, and other downtown amenities, the property benefits from exceptional visibility, accessibility, and a desirable location. This is a rare opportunity to acquire a fully leased, turnkey investment asset in one of Waterloo's most recognizable office buildings.
Property Information
Property Type
Commercial Sale
Sub-Type
Office
Year Built
1920
Living Area
17,208 sq ft
Lot Size
0.65 acres
Zoning
C-3
Days on Market
13
MLS® Listing#
20262393
Property Features
Financial Details
Annual Taxes
$59,142
Tax year 2024
Assessed Value
$1,508,810
Parcel Number
891324360017
Directions
Corner of Mulberry St, and E 4th St.
Affordability Calculator
$476,200
Estimated monthly payment
$12,673/mo
Principal $1,904,800 · Est. interest $2,657,365 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Waterloo, IA
- 54
- Median Days on Market
- 1,433
- Median Sq Ft
- $128
- Median Price / Sq Ft
- 163
- Active Listings
- Its price per sq ft is 8% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Waterloo, IA.
Location
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Points of Interest in Waterloo, IA
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 611-619 Johnson Avenue, Waterloo, IA | $1,800,000 | — | — | 8,714 |
| 1203 W Ridgeway Avenue, Waterloo, IA | $1,865,000 | — | — | 20,672 |
| Business Flex Space, Waterloo, IA | $2,377,831 | — | — | 27,500 |
| 1224 La Porte Road, Waterloo, IA | $2,575,000 | — | — | 40,174 |
Moving Cost Estimate
EXIT Agents in Waterloo
Listing Courtesy: AWRE - Commercial & Development - 3192692477
Presented by: Phillip Shirk