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3451 Hammond Ave 155,000 SF Industrial Building Waterloo, IA 50702 $4,786,495 CAD ($30.88 CAD/SF)

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Investment Highlights

  • MULTIPLE BACK-UP POWER GENERATION SYSTEMS
  • ONSITE DATA CENTER OPERATIONS
  • FITNESS CENTER AND LOCKER ROOMS
  • ONSITE CAFETERIA FOR STAFF
  • EXISTING OFFICE FLOOR PLAN
  • POTENTIAL FOR REDEVELOPMENT OF EXCESS LAND

Executive Summary

The property at 3415 Hammond Avenue in Waterloo, Iowa, offers a rare opportunity to acquire or reposition a 155,000 SF former Class A corporate office facility situated on 18.58 acres within the stable and economically diverse Waterloo–Cedar Valley market. Currently underutilized, this two-story campus provides significant flexibility for a wide range of end users, including corporate office occupiers, educational institutions, or residential developers seeking large scale conversion opportunities.

Property Facts

Price $4,786,495 CAD
Price Per SF $30.88 CAD
Sale Type Owner User
Sale Condition Lease Option
Property Type Industrial
Property Subtype Telecom Facility
Building Class B
Lot Size 15.74 AC
Rentable Building Area 155,000 SF
No. Stories 2
Year Built 1980
Tenancy Single
Parking Ratio 5.79/1,000 SF
Zoning R-4

Amenities

  • Backup Power / Generators

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 3451
  • 155,000 SF
  • Office
  • -
  • Now

The property at 3415 Hammond Avenue in Waterloo, Iowa, offers a rare opportunity to acquire or reposition a 155,000 SF former Class A corporate office facility situated on 18.58 acres within the stable and economically diverse Waterloo–Cedar Valley market. Currently underutilized, this two-story campus provides significant flexibility for a wide range of end users, including corporate office occupiers, educational institutions, or residential developers seeking large scale conversion opportunities. The site benefits from immediate proximity to the San Marnan retail corridor and the transformative The BLVD at Crossroads redevelopment (formerly Crossroads Mall site), positioning future owners to leverage robust regional amenities, including retail, dining, entertainment, and civic offerings, along with excellent connectivity to Highway 20 and Interstate 380 for efficient movement of employees and visitors.

Space Size Space Use Condition Available
1st Fl-Ste 3451 155,000 SF Office - Now

1st Fl-Ste 3451

Size
155,000 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste 3451

Size 155,000 SF
Space Use Office
Condition -
Available Now

The property at 3415 Hammond Avenue in Waterloo, Iowa, offers a rare opportunity to acquire or reposition a 155,000 SF former Class A corporate office facility situated on 18.58 acres within the stable and economically diverse Waterloo–Cedar Valley market. Currently underutilized, this two-story campus provides significant flexibility for a wide range of end users, including corporate office occupiers, educational institutions, or residential developers seeking large scale conversion opportunities. The site benefits from immediate proximity to the San Marnan retail corridor and the transformative The BLVD at Crossroads redevelopment (formerly Crossroads Mall site), positioning future owners to leverage robust regional amenities, including retail, dining, entertainment, and civic offerings, along with excellent connectivity to Highway 20 and Interstate 380 for efficient movement of employees and visitors.

Property Taxes

Property Taxes

Parcel Number
8813-02-301-062
Land Assessment
$1,157,785 CAD
Improvements Assessment
$2,496,335 CAD
Total Assessment
$3,654,120 CAD
  • Listing ID: 39571169

  • Date on Market: 2026-02-25

  • Last Updated:

  • Address: 3451 Hammond Ave, Waterloo, IA 50702

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