$525,000
3717 Midway Dr , Cedar Falls, IA 50613
- 5,720
- sqft
- 1990
- year built
- Status:
- ACTIVE
- MLS #:
- 20264094
- Neighborhood:
- CEDAR FALLS
- County:
- Black Hawk
- Listed By:
- Gordon L Sorensen - Re/Max Concepts
- Agent Phone:
- (319) 269-1164
- Agent Email:
- Twinpower.gordie@gmail.com
Sponsoring Broker: Kim Bakey, Iowa Realty
Arriving at this property, what stands out first is how intentionally it has been built for durability, efficiency, and long-term use. This is not a retrofitted afterthought—it’s a purpose-driven, fully climate-controlled storage facility designed to meet modern tenant expectations while keeping operations streamlined for ownership. Inside, the building is organized around 34 climate-controlled units ranging from compact 12-square-foot lockers to expansive 440-square-foot spaces, allowing the business to serve a wide mix of users—from document storage and seasonal inventory to larger personal or business needs. The unit mix creates flexibility in pricing and tenant turnover while supporting consistent demand across multiple use cases. The existing structure was completely remodeled, and the thoughtfully planned addition was completed in 2023, resulting in effectively new construction throughout. Major systems have already been addressed, including new heat pumps and furnaces, along with updated siding, windows, doors, roofing, signage, water and sewer lines, and most of the parking lot. For an investor, this translates to minimized near-term capital expenses and a cleaner runway for predictable operations. Security and access have been handled with care. Coded entry doors provide controlled 24-hour access, supported by a security system, automatic lighting, and rolling carts that improve tenant convenience while reducing wear on the space. These features not only enhance the customer experience but also help protect the asset and reduce management friction. Operationally, the facility is set up as a true turnkey investment. The included website supports online bookings and account management, allowing tenants to lease and manage their units with minimal owner involvement. The established phone number can ring to multiple users, making it easy to scale management or distribute responsibilities without disruption. As demand for climate-controlled storage continues to grow—particularly among residential and small business users—this property offers a clean entry point into the sector. The infrastructure is in place, the systems are modern, and the operation is already positioned for efficient day-to-day management. For investors seeking a low-maintenance asset with built-in flexibility and immediate functionality, this facility offers a clear, practical opportunity. Tours and additional details are available by request, and the current operation can be viewed directly at MidwayStorage.info
Highlights
- Commercial Sale
- Retail
- Built in 1990
- 0.37 Acre Lot
- 74 days on Market
-
- Year Built
- 1990
-
- Construction Materials
- Frame, Vinyl Siding, Block, Concrete
-
- Flooring
- Concrete
-
- Cooling
- Central Air
-
- Heating
- Electric, Heat Pump
-
- Acres
- 0.37
-
- Utilities
- Sewer Available, Electricity Available, Water Available
-
- County
- Black Hawk
-
- City
- Cedar Falls
-
- Neighborhood
- CEDAR FALLS
-
- Zip Code
- 50613
-
Nearby Schools
-
50out of 100
-
53out of 100
-
53out of 100
-
52out of 100
-
49out of 100
-
68out of 100
-
47out of 100
-
53out of 100
-
52out of 100
-
50out of 100
Disclaimer: ez Home Search School Ratings are on a scale of 1-100 and represent our evaluation of school quality based on academic performance, school resources, community feedback, and demographic factors. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.
-
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Estimated Value
$517,021
$361,914 - $672,127
Source: Constellation Data Labs
Price History
| 08/27/2026 | Listed | $525,000 |
| Source: Northeast Iowa Regional Board of REALTORS #20264094 | ||
| 12/18/2025 | Off Market | — |
| Source: Northeast Iowa Regional Board of REALTORS #20255995 | ||
| 12/01/2023 | Off Market | — |
| Source: Northeast Iowa Regional Board of REALTORS #20235043 | ||
| 03/04/2022 | Sold | $136,000 |
| Source: Northeast Iowa Regional Board of REALTORS #20215390 | ||
| 11/11/2021 | Listed | $159,000 |
| Source: Northeast Iowa Regional Board of REALTORS #20215390 | ||
| 07/14/2016 | Sold | $175,000 |
| Source: Northeast Iowa Regional Board of REALTORS #20162115 | ||
| 04/18/2016 | Listed | $199,000 |
| Source: Northeast Iowa Regional Board of REALTORS #20162115 | ||
Source: MLS Data
Mortgage History
| 11/04/2024 | Credit Line (Revolving) / HELOC | $472,906 |
| 02/05/2024 | Building or Construction Loan | $460,912 |
| 03/03/2023 | Building or Construction Loan | $350,000 |
Source: Public records via Constellation Data Labs
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There are currently 336 properties available in Cedar Falls, with 0 under contract to close soon. Properties in the city have an average sale price of $372,797 and typically spend 81 days on the market before being sold.
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Source: ez Home Search, MLS Data
Frequently Asked Questions
How do I schedule a tour of 3717 Midway Dr?
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How do I get more information about 3717 Midway Dr?
Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $525,000. We can talk through recent upgrades, potential seller motivation, how this retail compares to others in Cedar Falls, and can even get you in to see the property quickly.
How do I get a virtual tour of 3717 Midway Dr?
Yes! A virtual tour is available for 3717 Midway Dr. Click here to view the full walkthrough and explore every room at your own pace. If you would like a guided virtual showing or have questions along the way, we can connect you with our local expert to walk you through it live.
How much is the monthly mortgage payment for 3717 Midway Dr?
With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 3717 Midway Dr at around $3,721. This includes estimated property taxes and insurance.
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Can I negotiate the asking price for 3717 Midway Dr?
In most cases, yes. Whether 3717 Midway Dr is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Cedar Falls's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.
How do I make an offer on 3717 Midway Dr?
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You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.
What is the price per square foot for this home?
This home is listed at $525,000 with 5,720 sqft of space—that comes out to approximately $92 per square foot.
How long has this property been on the market?
3717 Midway Dr was listed on August 27, 2026, which means it's been on the market for 74 days.
Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.
When was this house built?
This home was built in 1990, making it approximately 36 years old.
What is the lot size of this property?
3717 Midway Dr sits on a 0.37-acre lot, which is 16,117 square feet.
What are the property taxes for 3717 Midway Dr?
The most recent public record shows annual property taxes for 3717 Midway Dr were approximately $8,799. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.
Is 3717 Midway Dr still available for sale?
Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.
Source: ez Home Search, MLS Data
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Based on information submitted to the MLS GRID as of November 09, 2026 at 04:54AM 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.