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Discover an exceptional investment or future owner-user opportunity with this recently updated, free-standing, single-tenant medical office building. Offering a highly functional 4,820 sq. ft. main level complemented by an additional 1,254 sq. ft. basement (totaling 6,074 sq. ft.), this turn-key property is perfectly optimized for high-volume clinical care or professional administrative use. Positioned in a highly convenient corridor, the property boasts excellent signage and a large, dedicated parking lot that ensures hassle-free access for both staff and patients. With the added benefit of being fully leased through May 2027, this commercial asset delivers immediate, stable rental income from day one, making it a seamless, low-maintenance addition to your portfolio or the perfect long-term home for your practice.

Highlights

  • Commercial Sale
  • Built in 1979
  • 0.68 Acre Lot
  • 119 days on Market

  • Year Built
    1979
  • Stories
    1.0
  • Construction Materials
    Brick
  • Cooling
    Central Air
  • Heating
    Forced Air

  • Acres
    0.68


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Frequently Asked Questions

How do I schedule a tour of 236 National Dr?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 236 National Dr.

They know commercial sales in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 236 National Dr?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $1,625,000. We can talk through recent upgrades, potential seller motivation, how this commercial sale compares to others in Waterloo, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 236 National 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 236 National Dr at around $11,120. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 236 National Dr?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Black Hawk County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 236 National Dr?

In most cases, yes. Whether 236 National Dr is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Waterloo'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 236 National Dr?

We can handle that for you. Our preferred local agent specializes in commercial sales in Waterloo and can guide you through every step of the offer process.

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 $1,625,000 with 6,074 sqft of space—that comes out to approximately $268 per square foot.

How long has this property been on the market?

236 National Dr was listed on July 14, 2026, which means it's been on the market for 119 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 1979, making it approximately 47 years old.

What is the lot size of this property?

236 National Dr sits on a 0.68-acre lot, which is 29,621 square feet.

What are the property taxes for 236 National Dr?

The most recent public record shows annual property taxes for 236 National Dr were approximately $22,472. 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 236 National 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 10, 2026 at 09:54AM 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.