236 National Drive, Waterloo, IA
MEDICAL SPACE | 6,074 TOTAL FQ. FT. | AVAILABLE FOR LEASE or FOR SALE
LEASE PRICE: $24 PSF/NNN | SALE PRICE: $1,625,000
The Ultimate Turn-Key Medical & Professional Office Asset
Finding a highly visible, free-standing commercial property with premier clinical infrastructure in the Cedar Valley is a rare feat. Finding one that offers the flexibility to either buy as an income-generating investment or lease as the future home of your practice is almost unheard of.
Welcome to 236 National Drive, Waterloo, IA 50701—an exceptional, recently updated commercial office building perfectly optimized for high-volume clinical care, physical therapy, specialized medicine, or premium professional administrative use.
Whether you are looking to expand your commercial real estate portfolio or secure a top-tier physical location for your business, this property delivers on every front.
Property Overview & Key Specifications
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Street Address: 236 National Drive, Waterloo, IA 50701
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Total Square Footage: 6,074 Sq. Ft.
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Main Level: 4,820 Sq. Ft. (Fully optimized clinical layout)
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Basement: 1,254 Sq. Ft. (Excellent administrative, storage, or utility space)
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Lot Size: 0.68 Acres
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Year Built / Updated: 1979 (With recent modern updates)
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Zoning & Structure: Free-standing brick building with flat roof, central air, and forced-air heating.
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Accessibility: Generous, dedicated on-site parking lot with hassle-free access and high-visibility street signage.
The Investment Opportunity (For Sale)
H2: Stable, Immediate Passive Income in Waterloo’s Medical Corridor
For commercial real estate investors, 236 National Drive represents a low-maintenance, high-yield asset to add to your portfolio. Priced at $1,625,000, this single-tenant medical office building offers immediate stability.
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Immediate Cash Flow: The building is fully leased through May 2027, guaranteeing stable rental income from day one.
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Premium Tenant Appeal: Specialized medical spaces command strong lease rates and boast incredibly low turnover due to the high cost of clinical build-outs.
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Hassle-Free Asset: With a solid brick exterior, flat roof, and recently updated interior systems, this property is designed for minimal landlord overhead.
View the Full Commercial Sale Listing & Financial Details Here
The Leasing Opportunity (For Lease)
H2: Elevate Your Practice with a High-Volume Turn-Key Space
Are you searching for the perfect location to launch, relocate, or scale your practice? This premium medical clinic space is available for lease at $24 PSF NNN.
Designed specifically for high-volume care, the 4,820 sq. ft. main level features a thoughtfully designed layout that prioritizes patient flow, privacy, and staff efficiency.
Why this location is a game-changer for your business:
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Turn-Key Clinical Layout: Skip the massive costs and delays of commercial construction. The existing floor plan is ready for immediate medical, dental, therapy, or professional service use.
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Patient Convenience: Avoid the headaches of strip-mall parking. The large, dedicated private parking lot makes parking and building entry seamless for elderly or injured patients.
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Prime Corridor Visibility: Stand out with premium, professional signage options in a highly trafficked commercial district that locals know and trust.
View Commercial Lease Pricing, Floor Plans, & Schedule a Tour Here
Take the Next Step with Fischels Commercial Group
Whether you want to buy, hold, and collect stable rental income, or move your own practice into a premier Waterloo location, 236 National Drive is a versatile, high-caliber asset that won't stay on the market long.
To request financial statements, review detailed floor plans, or coordinate a private walkthrough of the facility, contact our commercial team today.
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Fischels Commercial Group
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Main Website: fischelsgroup.com
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Schedule a Showing: Reach out directly through either listing link above!
Posted by Melissa Youngblut on
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