Investment Overview

Marcus & Millichap is pleased to present the Art Bloc, a stunning 68-unit apartment building located in downtown Waterloo, in the middle of Waterloo’s thriving art district, RiverLoop Amphitheatre and Expo Plaza, with scenic views of the Cedar River. Retail, local dining and nightlife are just steps away. Easy access to Highway 218. This stunning, iconic contemporary, seven-story midrise was fully completed in 2022 and is 97% leased. The unit mix is comprised of 25 studios, 34 one-bedroom/one bath apartments, eight two-bedroom/two-bath apartments, three of which are penthouses, and one commercial unit. Ample off-street parking is available as well as covered parking for an additional fee. The apartments are bright, well-designed and include stainless appliances. In-unit washer and dryers are available. Each unit has thermostatic controls and is equipped with forced air heat, cooled with central air, and individual water heaters. Tenants pay for heat, air-conditioning and hot water. Other amenities include granite counter tops, private balconies, on-site property management office, 24 hour secured access, wheel chair accessible units and more. The building is approximately 45,595 square feet on just over a half an acre.