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3556 Marnie Avenue, Waterloo, IA 50701.
Beautiful self-storage complex located at the high-traffic intersection of Hwy 20 & Hwy 63 in Waterloo, IA. Phase 1 opened in October 2023 and offers a total of 100,880 SF of leasable space across 5.19 acres. The site includes 28,800 SF of indoor storage with 157 drive-up units (10x15, 10x20, 10x30), a 1,280 SF climate-controlled office/shop (owner-occupied, but leasable), and 70,800 SF of outdoor parking with 177 spaces (10x40). Total unit count: 335 + office/shop. Occupancy: 75.16% indoor 51.76% outdoor Security features include perimeter fencing, an automated gate, and high-definition security cameras. The site also benefits from a 15-year TIF package (90% for the first 10 years, then 60% thereafter). Financials and pro forma updated monthly by CPA. Seller financing available. Owners open to staying on for operations post-sale at below-market management rates. Excellent opportunity for investors or owner-users.
MLS ID: 2500689
Shown By
Agent Name: Jeff Dellitt
Agent Phone: (563) 343-1028
Agency Title: Ruhl&Ruhl Realtors
Agent Email:
Shown By
Agent Name: Jeff Dellitt
Agent Phone: (563) 343-1028
Agency Title: Ruhl&Ruhl Realtors
Agent Email:
Contact an agent to learn more about
3556 Marnie Avenue, Waterloo, IA 50701.

Call or Click to get Pre-Approved!
563-441-1862
toll free 866-441-1862
Customize Your Rate
| Loan Type | FHA 30 Year Fixed | 30 yr Jumbo |
| Purchase Price | $4,225,000 | $4,225,000 |
| Down Payment | $147,875 | $845,000 |
| Monthly Mortgage Amount | $24,540 | $19,725 |
| Taxes | $5880 | $5880 |
| Insurance | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 |
| Monthly Mortage Insurance | $2,534 | $0 |
| Monthly Estimated Total | $34,186 | $26,837 |