305 E San Marnan Drive, Waterloo, IA 50702

$395,000

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List Price
$395,000
MLS#
20264204
Status
ACTIVE
Type
Commercial
Subtype
Commercial Sale
Year Built
1990
Acres
0.38
County
Black Hawk
City
Waterloo

Property Description

Turnkey medical office building, vacant and available for immediate occupancy. Built in 1990 with a durable brick exterior, the main level offers a fully built-out clinical layout: reception/waiting area, six exam rooms, a lab, and a nurses' station, with plumbing and electrical already in place to save a buyer significant build-out cost and time. A walk-out lower level adds flexible expansion space; additional suites, a complementary practice, with potential to lease a portion for added income. Situated on 0.38 acres with visibility along San Marnan Drive, the property sits on a corridor that just completed a full public road reconstruction in December 2025, bringing fresh pavement and renewed access near Highway 20. Zoned C-1/C-Z. Well suited for medical, dental, veterinary, chiropractic, or specialty-practice owner-users ready to move in now, as well as investors targeting value-add income potential. Priced below comparable Waterloo medical office space / assessed value. Some photos have been virtually enhanced / staged.

Additional Information

Unexempt Taxes
$17,914
Lot Size
16,692

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Listing courtesy of Vine Valley Real Estate.