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3717 Midway Dr

Cedar Falls, IA 50613
  • $640,000
  • STATUS: Active
  • ON SITE: 54 Days
  • MLS #: 20255995
Price Reduced
UPDATED: 64 min ago
$640,000
  • 0
    BEDS
  • 0.37
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1990
County:

School Ratings & Info

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

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Listings courtesy of Northeast Iowa Regional Board of REALTORS as distributed by MLS GRID. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MLS GRID or Vine Valley Real Estate. The use of the MLS GRID Data may be subject to an end user license agreement prescribed by Northeast Iowa Regional Board of REALTOR and may be amended from time to time. MLS Grid  logo Based on information submitted to the MLS GRID as of 2026-02-11T09:41:45.193 (date and time MLS GRID Data was obtained). 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.
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3717 Midway Dr Cedar Falls, IA 50613

  • Price: $640,000
  • Status: Active
  • On Site: 54 Days
  • Updated: 64 min ago
  • MLS #: 20255995
0
Beds
0
Baths
0
½ Baths
0.37
Acres
1990
Built
Neighborhood:
Cedar Falls
County:
Black Hawk
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
Exterior Features

Construction Materials FrameBlock Roof Composition Shingle

Interior Features

Building Area Total 5720 Building Features Fiber Optics Cooling Central Air Flooring Concrete Heating ElectricHeat Pump Insulation RoofSide Walls Total Available Square Footage 5720 Warehouse Square Footage 5720

Property Features

Agent Owned YN Yes Available Office Square Footage 0 Available Retail Square Footage 5720 Building Description Free Standing Building Location Neighborhood Common Area No Existing Lease Type None Expense History Actual Flood Insurance No For Lease YN No For Sale Rent For Sale For Sale YN Yes Gross Income 54912 Investment YN Yes Lease Per Month 0 Lease Term N/A Multi Tenant YN Yes Net Operating Income 38511 Number Dock Doors 0 Number Drive In Doors 1 Number Rail Doors 0 Operating Expense 16401 Ownership Corporation Possession Closing Property Sub Type Retail Sale Lease Includes LandBuildingBusiness Sewer Public Sewer Special Listing Conditions Normal Sale Sprinkler YN No Tax Annual Amount 9004 Tax Year 2024 Tenant Pays N/A Tiered Sliding No Utilities Electricity AvailableWater AvailableSewer AvailableFiber Optics Zoning C-2



Listings courtesy of Northeast Iowa Regional Board of REALTORS as distributed by MLS GRID. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MLS GRID or Vine Valley Real Estate. The use of the MLS GRID Data may be subject to an end user license agreement prescribed by Northeast Iowa Regional Board of REALTOR and may be amended from time to time. MLS Grid  logo Based on information submitted to the MLS GRID as of 2026-02-11T09:41:45.193 (date and time MLS GRID Data was obtained). 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.
Click here for MLS GRID DMCA Notice
 
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Vine Valley Real Estate
808 E. 18th St.
Cedar Falls IA, 50613