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Listed by Lindsey McEnaney • AWRE - Commercial & Development
$ 350,000
Est. payment | /mo
7,840 Sqft Lot
$ 350,000
Est. payment | /mo
7,840 Sqft Lot
Key Details
Property Type Commercial
Sub Type Office/Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20251283
Year Built 1903
Annual Tax Amount $6,286
Tax Year 2023
Lot Size 7,840 Sqft
Acres 0.18
Property Sub-Type Office/Retail
Property Description
Welcome to the Gasser Building! Offering a unique blend of commercial and residential opportunities. This 9,344 SF building sits on .18 acres in the heart of downtown Waterloo. The building features (3) commercial units and (3) residential units. The commercial suites are roughly (+/-) 1,500 SF featuring historical touches throughout. One unit is currently leased and two units are ready to be white-boxed and re-leased. The three residential units include a mix of floorplans: Two units with (2) bedrooms and (2) bathrooms, and one unit with (2) bedrooms and (1) bathroom. Each unit features a beautiful historic fireplace, an in-unit washer and dryer, and original hardwood flooring throughout. The building's central location provides easy access to local amenities, making it an ideal spot for tenants seeking visibility, foot traffic, and proximity to a surplus of retailers and restaurants. The property is located in the Downtown TIF district and opportunity zone with incentives available. With its rich history and modern upgrades, the Gasser Building presents a rare opportunity for a viable restoration project for the commercial units, and cash-flow on the residential units.
Location
State IA
County Black Hawk
Zoning C
Interior
Fireplace N
Exterior
View Y/N true
Others
Acceptable Financing NBR20251283
Listing Terms NBR20251283
Special Listing Condition Normal Sale
Nearby Locations
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Brokerage | License ID: T06463000