950 Sheerer 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 #:
NBR20250713
Property Address:
950 Sheerer Ave
Waterloo, IA 50701
Waterloo, IA 50701
County:
Black Hawk
Region:
Waterloo South 10
Location:
Neighborhood
Year Built:
1974
Property Type:
Commercial Sale
Sub-Type:
Office/Industrial
Subdivision Name:
Side Walls
Land Use:
Office, Retail, Light Industrial, Other
Building Description:
Free Standing, Single Tenant
Date Listed:
February 23rd, 2025
Status:
Active
Price:
$595,000.00
Ownership:
LL Corp
Possession:
Specific, Subject To Tenant Rights
Gross Taxes:
$7,015.00
Tax Year:
2023
Tax Incentives:
In City Limit
Gross Income:
$59,045.00
Net Op Income:
$48,820.00
Operating Expense:
$10,225.00
Tenant Responsible:
None
Finance Type:
Cash Convention, At Closing, Subject to Tenants Rights
Sale/Rent:
For Sale
For Lease:
No
Terms/Lease:
Yearly Renewal
Sale/Lease Type:
Normal Sale
For Sale:
Yes
Docs on File:
Legal Description
Zoning:
C
Legal Desc:
LITTLEFIELD ADDITION LOT 17 EXC N 27.7 FT OF E 127.3 FT THERE OF (SEE ABSTRACT FOR COMPLETE LEGAL DESCRIPTION
Off-Street Parking:
0.00
Sprinkler:
No
Total Building Sq Ft:
6,300 sq ft
Warehouse SqFt:
6,300 sq ft
Office SqFt:
336 sq ft
Retail SqFt:
6,300 sq ft
Lot Sq Footage:
29,098
Acres:
0.67
Frontage/Access:
Corner Lot, City Street, Paved 2Lane
Construction:
Steel/ST Fram
Roof Type:
Metal, Sloped
Floor Construction:
Concrete
Insulation:
Side Walls
Common Area:
Yes
Utilities Available:
Electricity Available, Gas, Water Available, Sewer Available
Sewer Type:
City Sewer
Heating:
Radiant
Cooling:
Office Only
Remarks: Welcome to 950 Sheerer Ave., an exceptional opportunity in Waterloo, IA. This 6,300 sq. ft. freestanding building is currently operating as a thriving indoor softball and baseball training facility, but the possibilities for your business are endless! With a spacious, open layout free of interior poles, this versatile building is ready to accommodate a wide range of ventures. The current lease runs from October 1st to May 31st, providing a unique chance to rent out the space during the summer months (June 1st to September 30th) and generate additional income. The city-owned land surrounding the building presents potential for expansion, offering room to grow the space—pending negotiations with the city. Recently upgraded in 2023, the property boasts a large, newly paved asphalt parking lot with ample spaces to accommodate visitors. Inside, you'll find a welcoming front lobby, separate men's and women's restrooms, and an upstairs mezzanine that offers excellent views of the training area or could be utilized for additional storage. The building also includes two sheds (12x18 and 8x12) for even more storage options. This building is an ideal choice for a variety of businesses, whether you're looking to run your own training program or expand into something new. If you're interested in taking over the existing, well-established softball/baseball program—active for over 8 years and growing annually—this is a unique opportunity to step into a proven, successful operation. The current program comes fully equipped with everything you need to hit the ground running. This is an extraordinary chance to take a growing business to the next level, or simply make this prime location your own. The sky’s the limit for 950 Sheerer Ave.!
Listing provided courtesy of Berkshire Hathaway Home Services One Realty Centre.Listing Agent: Jason Strelow
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.
