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632 Sycamore Street, Waterloo, IA 50703
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$475,000
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Home Details for 632 Sycamore Street
Price
$475,000
Type
Commercial/Industrial
Year Build
1903
Sq. Ft.
9344
Lot Size
0.18
County
Black Hawk
Tax
$6,286.98
MLS®️ Listing#
20251283
On exitrealty.com
231 days
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.
Listing Courtesy: AWRE - Commercial & Development - 319-269-2477. Presented by: Lindsey McEnaney
Based on information submitted to the MLS GRID as of 2025-10-02 05:30:40. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Market statistics compiled from data from Northeast Iowa Regional Board of Realtors.
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