10 W 4th St - Office FOR SALE


Waterloo, IA 50701
$1,100,000 USD
319-269-2477
10 W 4th St, Waterloo, IA for Sale
$1,100,000 USD
Office - FOR SALE
1/31
null | Request Cap Rate

10 W 4th St
Waterloo, IA 50701


HIGHLIGHTS

  • 10 4th Street is an 73,909 SF office and retail building in Waterloo, Iowa, along the Cedar River.
  • Fantastic riverfront location in the city’s heart with easy access to popular Route 218 and 63 connecting to Cedar Falls.
  • Ideal investment opportunity to acquire a vacant historical asset with endless owner/user opportunities.
  • Prime access to a robust suburban population with over 120,000 people within a ten-mile radius.
  • This asset is adorned by Waterloo’s “Green Goddesses” statue, created in 1907 to overlook the city.

OVERVIEW

The Historic River Plaza Building at 10 W 4th Street is a 73,909-square-foot office building with a unique mix of retail and office space. The property was constructed in 1930 and has undergone multiple renovations to modernize the asset. This property primarily consists of four floors of open office space with a centralized atrium extending to the roof, allowing ample natural light to flow into common areas. This asset also possesses a well-equipped recreation center with a lap pool, a full basketball gym, and a weight room. River Plaza is synonymous with Waterloo’s history. This property is currently topped by Waterloo’s famous “Green Goddesses” sculpture that overlooks the river and the city. This statue has been a part of Waterloo since 1907 and represents the town’s major industries. 10 4th Street is in a prime location in Waterloo, Iowa. This historic property sits along the Cedar River, lining up perfectly with a waterfall that provides potential tenants unparalleled workplace views. A public amphitheater that often hosts events and the Phelps Youth Pavilion are directly next door. The youth pavilion possesses open public green space that creates an ideal scenic walk with gorgeous river views. The 5 Sullivan Brothers Convention Center is roughly a block from the property. This center can host large-scale events that consistently bring large groups of people into Downtown Waterloo. Out-of-town guests have two excellent hotel choices in the immediate vicinity, with Best Western Plus and a Courtyard by Marriot, both a short walk away from River Plaza. Additionally, ample restaurants are within walking distance of the property, including SingleSpeed Brewing Company and The Brown Bottle. 10 4th Street has easy access to highly traveled routes 218 and 63 that help connect the asset to other parts of the city, which makes commuting to and from simple. Take advantage of the opportunity to acquire a unique part of history that is well-equipped for any potential use. Property tours are available by appointment only. Please contact the broker to schedule. Listed by Phillip Shirk with AW Commercial & Development IA #S63101000

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$15 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Historic River Plaza Building

PROPERTY TYPE

Office

ADD'L SUBTYPES

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

C3

APN/PARCEL ID

8913-26-235-001

ASK ABOUT THIS PROPERTY

Phillip ShirkAW Commercial & DevelopmentMore Info
319-269-2477

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Phillip ShirkAW Commercial & DevelopmentMore Info
319-269-2477

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.