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Listed by Gordon Sorensen • Re/Max Concepts

$525,000

Est. payment - /mo

0.37 Acres Lot

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Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Subdivision Cedar Falls

MLS Listing ID 20264094

Year Built 1990

Annual Tax Amount $8,799

Tax Year 2025

Lot Size 0.370 Acres

Acres 0.37

Property Sub-Type Retail

Property Description

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

Location

State IA

County Black Hawk

Zoning C-2

Interior

Heating Electric, Heat Pump

Cooling Central Air

Flooring Concrete

Fireplace N

Exterior

Utilities Available Electricity Available, Water Available, Sewer Available, Fiber Optics

View Y/N true

Roof Type Composition Shingle

Building

Sewer Public Sewer

Structure Type Frame,Block

Others

Ownership Corporation

Acceptable Financing NBR20264094

Listing Terms NBR20264094

Special Listing Condition Normal Sale

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. License ID: 76296

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3717 Midway Dr Cedar Falls, IA 50613