305 E San Marnan Drive, Waterloo, IA

$395,000

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6,408

Square feet

0.38

Acres

About 305 E San Marnan Drive

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.

Features of 305 E San Marnan Drive

MLS® # 20264204
Price $395,000
Total Available Sq. Ft 6408.00
Square Footage 6,408
Acres 0.38
Year Built 1990
Type Commercial Sale
Sub-Type Office/Retail
Status Active

Community Information

Address 305 E San Marnan Drive
City Waterloo
County Black Hawk
State IA
Zip Code 50702

Exterior

Construction Brick

Lease Information

Price Type Gross
Lease Type None

Additional Information

Date Listed September 2nd, 2026
Days on Market 2
Zoning C-1; C-Z
Total Building Sq. Ft. 6408.00
Gross Taxes $17,914

Listing Details

AgentEmsad Begic
OfficeVine Valley Real Estate

Listing Map

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