3530 Marnie Ave, Waterloo, IA 50701
600 Rossville Road, Waukon, IA 52172
Sweeney Real Estate Office: (563) 568-4170
Email: office@sweeneyrealestate.com
Website: www.sweeneyrealestate.com
MLS ID #:
NBR20250399
Property Address:
3530 Marnie Ave
Waterloo, IA 50701
Waterloo, IA 50701
County:
Black Hawk
Region:
Waterloo South 1
Location:
Industrial Area, Industrial Park
Miles to Highway:
Highway 63
Year Built:
2022
Property Type:
Commercial Sale
Sub-Type:
Industrial
Subdivision Name:
Roof,Side Walls
Land Use:
Light Industrial, Other
Building Description:
Free Standing, Multi-Tenant, Single Tenant, 1 Story
Date Listed:
January 30th, 2025
Status:
Active
Price:
$8,650,000.00
Ownership:
Corporation
Possession:
Immediate
Gross Taxes:
$119,465.19
Tax Year:
2023
Tax Incentives:
TIF District, In City Limit
Gross Income:
$540,000.00
Multi-Tenant:
Yes
Tenant Responsible:
Real Estate Tax, Insurance, Internal Maintenance, Mechanical Maintenance, Common Area Maintenance, Janitorial Service, Trash Collection, Snow/Lawn, Gas, Electricity, Heat, Cooling, Water/Sewer
Finance Type:
Cash Convention, Seller Financing
Sale/Rent:
For Sale
For Lease:
Yes
Terms/Lease:
3 Years, 4 Years, 5 Years, O
Lease Type:
Net
Sale/Lease Type:
Normal Sale
Lease $/SqFt:
$6.45
For Sale:
Yes
Docs on File:
Survey, Aerial Photos, Traffic Counts, Appraisal, Topo Map, Plat
Zoning:
Industrial
Restrict/Easements:
Drainage
Legal Desc:
CEDAR VALLEY CROSSING LOT 5, LOT 6, AND LOT 7
Off-Street Parking:
32.00
Dock Doors:
6
Drive-In Doors:
2
Sprinkler:
Yes
Total Building Sq Ft:
51,900 sq ft
Warehouse SqFt:
49,800 sq ft
Office SqFt:
2,100 sq ft
Lot Sq Footage:
264,845
Acres:
6.08
Frontage/Access:
Cul-De-Sac, City Street, Paved 2Lane, Frontage Road
Construction:
Steel/ST Fram
Roof Type:
Metal, Sloped
Floor Construction:
Concrete
Insulation:
Roof, Side Walls
Common Area:
Yes
Utilities Available:
Electricity Available, Gas, Water Available, Sewer Available, Fiber Optics
Sewer Type:
City Sewer
Heating:
Gas, Electric
Cooling:
Office Only
Flood Insurance:
No
Remarks: Located a block from the intersection of 2 major highways in Central Iowa, this 51,900 sqft. building has a lot to offer an owner occupied user or investor. Current tenant is moving out Q1 2025 and making lease payments until 8.31.2025. TIF package approved by the City of Waterloo in 2024: 15 year - up to $3.6m. Building is single tenant but can be divided into 2 spaces at 29,100 sqft. & 22,000 sqft. respectively. Building is also listed available for lease. Pre-Engineered Steel Construction Metal Roof Ceilings range from 22’ - 25’ 2,100 sqft. office space. 3 phase electrical. Central Heat & Air City Water & Sewer High Speed Internet 6 Loading Docks 2 - 16’x16’ OH Doors Sprinkler System Storage Area Traffic counts: Hwy 20: 11,700 - 13,100 cars / day Hwy 63: 3,050 - 4,500 cars / day.
Listing provided courtesy of Pinnacle Realty.Listing Agent: Trevis Adair
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