Commercial

20263472 MLS

FOR SALE OR LEASE! Prime 2,996 SF commercial building on a high-visibility corner lot directly across from Kwik Star. The open-concept layout offers endless possibilities for retail, restaurant, office, service business, fitness studio, storage, or other commercial uses. Features include 2 bathrooms, office space, kitchen with hood, sinks and select appliances, plus ample off-street parking. Excellent exposure, strong traffic counts, and flexible opportunities for an owner-user or tenant. Available for lease at $2,000/month modified gross lease or available for purchase. Bring your vision and make it your own!

504 Riehl Street, Waterloo

$199,900

20263471 MLS

Please use Showingtime to set up appointments. Call/text Sara with questions (319) 883-5008. Available to lease $2500 per month modified gross lease

3422 Lafayette Road, Evansdale

$75,000

20263453 MLS

Discover your business's next chapter in this versatile, high-visibility commercial building. Situated on one of Waterloo’s busiest roadways, this vacant property offers unparalleled exposure and an adaptable floor plan perfect for retail operations, professional offices, or a hybrid enterprise. High-Visibility Location: Positioned on a major thoroughfare with high daily traffic counts, ensuring maximum brand exposure and a steady stream of potential walk-in customers. Flexible Zoning & Layout: Featuring a wide-open floor plan, this blank-canvas space can easily be configured into a vibrant retail storefront, a modern open-concept office, or a traditional corporate suite with private offices. Move-In Ready or Customizable: The building is currently vacant and clean, allowing for immediate possession and rapid build-out tailored specifically to your business needs. Ample Parking: Includes dedicated, hassle-free parking for both employees and clients, a crucial advantage on a busy main road. Excellent Signage Opportunities: Prominent exterior facade and roadside signage options ensure your business stands out to passing traffic. Possibilities Include: Retail Storefront: Perfect for a boutique, specialty grocery, showroom, or convenience market. Professional Services: Ideal for an insurance agency, law firm, accounting practice, or real estate office. Medical or Wellness Clinic: Suitable for physical therapy, chiropractic care, a dental practice, or a hair/nail salon. Creative Space: Great for a tech startup, marketing agency, or photography studio needing a blend of office and workshop areas. Don't miss the chance to anchor your business in a thriving, high-traffic Waterloo location. Bring your vision and explore the endless potential this property has to offer! 701 & 705 W 5th St., may be purchased separately or together for a discount. Or Leased.

705 W 5th Street, Waterloo

$135,000

20263452 MLS

Discover your business's next chapter in this versatile, high-visibility commercial building. Situated on one of Waterloo’s busiest roadways, this vacant property offers unparalleled exposure and an adaptable floor plan perfect for retail operations, professional offices, or a hybrid enterprise. High-Visibility Location: Positioned on a major thoroughfare with high daily traffic counts, ensuring maximum brand exposure and a steady stream of potential walk-in customers. Flexible Zoning & Layout: Featuring a wide-open floor plan, this blank-canvas space can easily be configured into a vibrant retail storefront, a modern open-concept office, or a traditional corporate suite with private offices. Move-In Ready or Customizable: The building is currently vacant and clean, allowing for immediate possession and rapid build-out tailored specifically to your business needs. Ample Parking: Includes dedicated, hassle-free parking for both employees and clients, a crucial advantage on a busy main road. Excellent Signage Opportunities: Prominent exterior facade and roadside signage options ensure your business stands out to passing traffic. Possibilities Include: Retail Storefront: Perfect for a boutique, specialty grocery, showroom, or convenience market. Professional Services: Ideal for an insurance agency, law firm, accounting practice, or real estate office. Medical or Wellness Clinic: Suitable for physical therapy, chiropractic care, a dental practice, or a hair/nail salon. Creative Space: Great for a tech startup, marketing agency, or photography studio needing a blend of office and workshop areas. Don't miss the chance to anchor your business in a thriving, high-traffic Waterloo location. Bring your vision and explore the endless potential this property has to offer! 701 & 705 W 5th St., may be purchased separately or together for a discount. Or Leased.

701 W 5th Street, Waterloo

$2,100,000

20263422 MLS

Fully occupied, income-producing corner property in Cedar Falls' fastest-growing retail corridor, offering high traffic counts and strong visibility. Part of a larger strip development surrounded by coffee shops, hair salons, medical offices, and local businesses. 100% leased with three tenants, including a national franchise and established local medical tenants; leases include annual rental increases and shared parking. Rear of building overlooks Prairie Lakes Park with pond and walking trail access. Near Hwy 58/20 interchange, minutes from UNI and downtown Cedar Falls. Full financials available for qualified investors; contact agent.

936 Viking Road, Cedar Falls

$130,000

20263403 MLS

Own one of the Cedar Valley's most recognizable and distinctive hospitality businesses. The Ragged Edge Art Bar & Gallery is a thriving, turnkey establishment that seamlessly blends an upscale cocktail lounge with a vibrant local art gallery, creating an experience unlike any other in the area. Situated in the heart of Downtown Cedar Falls, the business has cultivated a loyal customer following and a strong reputation as a destination for handcrafted cocktails, rotating local art exhibits, live music, special events, and community gatherings. Operating from an attractive leased location with favorable occupancy costs, the business has demonstrated consistent financial performance while offering significant opportunities for future growth. A new owner can build upon its established brand through expanded hours, private events, catering, enhanced entertainment programming, and strategic marketing initiatives. The sale includes the established business, goodwill, furniture, fixtures, equipment, inventory, and the opportunity to assume the existing lease (subject to landlord approval). With an established customer base, and a respected presence within one of Iowa's most vibrant downtown districts, this is a rare opportunity to acquire a profitable, lifestyle-oriented business with immediate cash flow and substantial upside potential. Whether you're an experienced hospitality operator, entrepreneur, or investor, The Ragged Edge Art Bar & Gallery offers the opportunity to step into a successful business with an exceptional reputation and continue its legacy while writing the next chapter of its growth.

504 Bluff Street, Cedar Falls

$750,000

20263340 MLS

Exceptional opportunity to acquire a highly visible commercial property along one of Waterloo's busiest corridors. This well-maintained, two-story building offers 13,824 total square feet situated on a 0.90-acre lot, providing ample space for a variety of office, retail, medical, educational, or mixed-use applications. The property's prominent University Avenue location offers excellent visibility, strong traffic counts, and convenient access to major thoroughfares. The generous site provides ample parking and room to accommodate a wide range of business operations.

3295 University Avenue, Waterloo

$295,000

20263338 MLS

Discover an exceptional opportunity to acquire a fully equipped, move-in- ready church campus designed to support worship, education, fellowship, and community outreach. This property offers a functional and flexible lay- out, making it ideal for an active congregation, nonprofit organization, educational institution, or community-focused user. The main church facility features a welcome and reception café area that creates a gathering space for members and guests. A fully equipped commercial-style kitchen supports fellowship meals, events, and community programming, while six classrooms provide versatile space for children’s ministries, adult education, offices, or meeting rooms. A dedicated game room/ rec-room area offers additional recreational opportunities, enhancing the property’s appeal for a wide range of ministries and organizations. The site includes 46 on-site parking stalls, providing convenient access for worship services, meetings, and special events. Also included is a five-bedroom parsonage with a one-car garage with storage, and low-maintenance vinyl siding, offering comfortable on-site living for clergy, staff, or potential rental income. Whether you’re looking to establish a new congregation, expand an existing ministry, or want to repurpose the property for another institutional use, this turnkey campus provides the improvements, functionality, and amenities needed to begin operations immediately.

205-215 Hammond Avenue, Waterloo

$89,900

20263303 MLS

Excellent commercial opportunity awaits at 409 Broadway St. in Waterloo! Currently operating as a long-standing dry cleaner, this highly visible retail property features a versatile and open layout that is easily adaptable to suit a wide range of business needs—whether you are looking to launch a new retail storefront, establish a local service hub, or reimagine the space to suit the needs of your business. One of the standout features of this property is the exceptionally large off-street parking area, offering convenient and abundant space for both customers and staff in a high-traffic corridor. Bring your vision to life and position your business for success in this established Waterloo location!

409 Broadway Street, Waterloo

$1,625,000

20263281 MLS

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.

236 National Drive, Waterloo

$725

20263112 MLS

Prime office or retail opportunity in the perfect location between Cedar Falls and Waterloo! This 513-square-foot space sits just off Falls Avenue with easy access to both Highway 218 and Highway 20, making it a convenient spot for clients, customers, and employees. The space offers a practical layout with two office spaces, a private bathroom, ample parking, and room to create a welcoming waiting or reception area. With separately metered utilities and a central location, this is a great fit for a small business, professional office, service provider, or boutique retail setup.

2000 Falls Avenue Unit 3, Waterloo

$1,200

20262940 MLS

Professional office space available for lease at 509 Ansborough. Prime location directly off Hwy 218 and situated on a high-traffic main road, offering excellent visibility. The property provides off-street parking and available exterior signage for added exposure. The available unit features an open and welcoming area, private offices, private bathroom, making it ideal for a variety of business uses. Tenants are welcome to modify or customize the space with owner's approval. Convenient access and a functional layout create a great opportunity for retail or office space, perfect for any small business seeking a practical and professional setting.

509 Ansborough Ave Unit B, Waterloo

$155,000

20262937 MLS

Position your business or expand your investment portfolio with this versatile 3,239 Square Foot office/warehouse building situated on 0.51 acres in Waterloo. Featuring a functional layout with two overhead doors, the property is well-suited for a variety of office, warehouse, light industrial, or service-oriented users. The building also presents an excellent owner-occupant or investment opportunity, with the potential to accommodate multiple tenants and generate additional rental income. Ample on-site parking and flexible space configurations provide added value for a wide range of business operations. Whether you're looking for a headquarters, warehouse space, or an income-producing asset.

1611 E 4th Street, Waterloo

$1,995,000

20262911 MLS

Impressive office/retail property available in Downtown Cedar Falls. Two of three units within this property are currently leased making this an ideal investment or owner-user opportunity! Current retail/office space available is 3100 sq. ft. Property is located just one block from Main St. making this location ideal for any expanding or relocating business. Includes off-street parking. Investment financials available upon request. The craftsmanship and character of this property are sure to impress!

115-119 E 4th Street, Cedar Falls

$700

20262904 MLS

Commercial space available for lease in downtown La Porte City! Former chiropractic office with a visible Main Street location and flexible layout that could work well for retail, office, wellness, medical, massage, salon, boutique, or other professional service uses. Great opportunity for a business looking to get started or expand in a high-visibility downtown location.

504 Main, LaPorte City

$1,000

20262880 MLS

Welcome to this awesome 4000+ sqft office space. The current tenant has been there over 20 years. Come check out this awesome space!

1005 Stratford Avenue, Waterloo

$450,000

20262879 MLS

Position your business for long-term success at 170 W. 18th Street, Waterloo, IA — a highly functional truck servicing property designed for performance, efficiency, and accessibility in the heart of Waterloo. This versatile facility features two overhead doors and two expansive drive-thru truck bays, each equipped with dual overhead doors to ensure seamless traffic flow and operational efficiency. Built to support demanding industrial uses, the property includes floor drains, 400-amp electrical service, a sprinkler system, airlines with air compressors, and exterior plug-ins for engine block heaters — delivering the infrastructure serious operators require. Strategically located with convenient access to U.S. Highway 218, the site offers outstanding connectivity for transportation-dependent businesses while maintaining strong visibility within a thriving industrial corridor. Ideal for truck or auto repair, sales and service operations, towing companies, fleet maintenance, or a truck wash facility, this property combines layout, power capacity, and location to support operational growth. Don’t miss this opportunity to secure a high-utility space built to move your business forward. For Sale or For Lease at $4.50/SF NNN. Est. NNN Expenses are $2.00/SF.

170 W 18th Street, Waterloo

$500

20262660 MLS

Looking for a professional space for your business? This newly redone 655 sq. ft. office space is now available for rent or possible sale. Featuring fresh updates and a clean look, this space is ready for your business to move right in. Ideal for a variety of professional, retail, or service-based uses. Don’t miss this opportunity to secure a great space for your business.

517 Rhey St, Waterloo

$479,900

20262556 MLS

An exceptional, turn-key commercial opportunity awaits. Sale includes both the real estate and profitable, fully operational laundromat business. The well-maintained 3,492 square foot building features a bright, clean, and modern layout designed for maximum operational efficiency and customer comfort. Equipped with high-end, top-tier commercial washers and dryers and spacious folding stations, this business boasts a strong, established customer base and consistent revenue flow. Situated on a high-visibility corridor with convenient parking and prominent signage, the property ensures steady foot traffic and excellent brand exposure. This robust commercial property delivers immediate cash flow and substantial long-term value.

623 Broadway Street, Waterloo

$569,950

20262479 MLS

Great location and visibility for this sales/service building at the corner of Falls and Fletcher Avenues, with easy access to US Hwy 218 (Avenue of the Saints). This 13,490 SF building features, lobby, office, sales floor, warehouse space including floor drains and 3 at grade overhead doors, and large parking lot with 17 parking spaces on this nearly 1-acre lot. Great opportunity, call today for a showing!

1657 Falls Avenue, Waterloo

$269,900

20262444 MLS

Conveniently located on Southtown Drive near Dan Deery, Home Depot, Walmart, and Crossroads Mall, this 2,972 SF office building sits on a 0.51-acre lot with excellent visibility and access. The property includes a large parking area, a welcoming reception area with vaulted ceiling, multiple offices and exam rooms, and kennel or large storage areas. Ideal for veterinary, grooming, boarding, medical, or professional office use, this flexible space is well positioned in a strong commercial corridor and ready for your business.

1210 Southtown Drive, Waterloo

$137,500

20262431 MLS

Opportunity to own your own storage unit and/or business suite. Conveniently located in-between Cedar Falls and Waterloo on Geraldine Road within close proximity to HWY 218 and the Waterloo Regional Airport. Annual HOA Fee of $50 per month to cover lawn, snow, and exterior insurance. Units are 25'x50', include a 12'x14' overhead door, 16' side walls, and floor drain in each unit. All suites are climate controlled with separate electric and water meters, insulated walls, and a bathroom.

2811 Geraldine Road Unit 2, Waterloo

$137,500

20262430 MLS

Opportunity to own your own storage unit and/or business suite. Conveniently located in-between Cedar Falls and Waterloo on Geraldine Road within close proximity to HWY 218 and the Waterloo Regional Airport. Monthly HOA Fee of $50 per month to cover lawn, snow, and exterior insurance. Units are 25'x50', include a 12'x14' overhead door, 16' side walls, and floor drain in each unit. All suites are climate controlled with separate electric and water meters, insulated walls, and a bathroom.

2811 Geraldine Road Unit 1, Waterloo

$279,900

20262424 MLS

Prime semi repair shop opportunity in Waterloo! Seize this exceptional chance to acquire a unique three-parcel commercial offering. This property provides an ideal, spacious footprint perfectly suited for an Auto Shop, or Repair Garage benefiting from excellent visibility and accessibility. The layout and location are primed for automotive services, with potential for multiple service bays and ample dedicated parking or storage. Don't miss this opportunity to establish or expand your successful business in a key Waterloo location.

114 Monroe Street, Waterloo

$2,381,000

20262393 MLS

A premier downtown investment opportunity, this 17,208 SF Class A office building offers a rare combination of quality, stability, and long-term value. Fully occupied by two established tenants, the property provides immediate cash flow and meticulously renovated asset. Positioned in the heart of Downtown Waterloo, the building features premium finishes throughout, distinctive architecture, and a commanding presence within the city's business district. Situated on approximately 0.65 acres, the property includes more than 50 on-site parking stalls, secure vault space, and modern building systems designed to accommodate a variety of professional office users. Surrounded by government offices, restaurants, entertainment, and other downtown amenities, the property benefits from exceptional visibility, accessibility, and a desirable location. This is a rare opportunity to acquire a fully leased, turnkey investment asset in one of Waterloo's most recognizable office buildings.

404 E 4th Street, Waterloo

$279,900

20262374 MLS

Ready to launch or expand your business? This commercial property is conveniently located just off of 218 for easy access and high visibility. Built in 2009, it features: fenced lot for added security, two large overhead doors, dual driveways for smooth traffic flow, ideal for contractors, service businesses, or storage use. Don't miss this opportunity to establish your business in a prime location.

2021 Commercial Street, Waterloo

$999,000

20262219 MLS

Positioned in one of Waterloo’s most established commercial corridors, this fully leased multi-tenant investment property offers a rare opportunity to acquire a stabilized asset with both national and local tenancy. Anchored by a nationally recognized UPS location alongside a successful locally owned and operated restaurant, the property provides strong tenant synergy and dependable income. Located on high-traffic Kimball Avenue and just one block from San Marnan Drive, the site benefits from exceptional visibility, accessibility, and surrounding retail activity. Situated in an area with a long history of commercial success, this investment offers the combination of location, occupancy, and tenant stability investors are looking for.

106 Brookeridge Drive, Waterloo

$850

20262160 MLS

Prime corner lease opportunity at Magnolia Parkway and Falls Ave in central Waterloo — a high-traffic intersection with over 3,000 cars per day and outstanding signage visibility to capture every one of them. This completely renovated 840 SF suite is turnkey, with a brand new front window that floods the space with natural light and showcases your business to the street. Inside, you'll find a professional front office area opening to a large, flexible floor plan suited for retail, office, or service use. Recent updates include new flooring, fresh paint and texture, LED lighting, and a fully updated bathroom. A convenient side door simplifies deliveries, and the huge basement provides all the storage you need. Climate-controlled year-round with central AC and an efficient boiler system. Located near brand new housing developments and active commercial construction in Waterloo's growth corridor, with strong visibility, large signage opportunity, and ample parking — this space is ready for your business to move in and stand out.

2101 Falls Avenue, Waterloo

$2,595,000

20262012 MLS

Positioned in one of the fastest-growing areas of Cedar Falls, Cedar Falls Storage offers a rare opportunity to acquire a premium self-storage facility designed for long-term durability, operational efficiency, and broad customer appeal. Built in two phases in 2024/2025. With 100% concrete drive lanes throughout the property, the facility provides a clean, high-end experience while minimizing long-term maintenance costs. Security is a core feature of the property, giving tenants confidence and ownership peace of mind. Cedar Falls Storage features the most comprehensive unit mix in the Cedar Falls/Waterloo market, serving a wide range of residential and commercial storage needs. Unit offerings include traditional drive-up storage, climate-controlled units, and highly sought-after drive-up climate-controlled storage — a unique feature not offered by any other storage facility in the Cedar Falls or Waterloo area. The diversified unit mix allows the property to capture multiple customer segments while supporting strong occupancy and revenue stability. With continued residential growth and increasing demand for high-quality storage solutions in the market, Cedar Falls Storage is well-positioned for continued success and expansion potential. Key Features: * 100% concrete drives throughout the facility * Secure, professionally maintained property * Most diverse unit mix in the Cedar Falls/Waterloo market * Unique drive-up climate-controlled units * Strong appeal to both residential and commercial tenants * Located in a growing, high-demand market * Premium construction with low-maintenance infrastructure

2811 Technology Parkway, Cedar Falls

$4,500

20261914 MLS

THE WELLNESS CENTER LLC is growing and now offering individual office suites in the desirable and established West Waterloo location. Collaborate with the other professional businesses in this expansive and updated building and share in the vision of a healthy, like-minded community. Enjoy the common area conference room, waiting area, breakroom, and ample parking available. Individual suites offered at $600 monthly rate, OR this option of 2410 sq ft ( all 10 office suites) available for $4500 per month. Call for your private showing today!

3151 BROCKWAY Road Unit 126, 128,131,133, 135-140, Waterloo

$600

20261913 MLS

THE WELLNESS CENTER LLC is growing and now offering individual office suites in the desirable and established West Waterloo location. Collaborate with the other professional businesses in this expansive and updated building and share in the vision of a healthy, like-minded community. Enjoy the common area conference room, waiting area, breakroom, and ample parking available. Individual suites offered at $600 monthly rate, and additional option of 2410 sq ft ( all 10 office suites) available for $4500 per month. Call for your private showing today!

3151 BROCKWAY Road Unit 126, 128,131,133, 135-140, Waterloo

$2,575,000

20261751 MLS

Strategically located industrial/office property offering 40,174 square feet situated on a 1.58-acre site. The building includes 10,011 square feet of finished office space, ideal for administrative, showroom, or customer-facing operations, complemented by 30,163 square feet of light industrial space. The warehouse portion features a dock door and multiple overhead doors suited for storage, distribution, or light manufacturing. The site’s location allows for convenient access, ample parking, and potential for outdoor storage or expansion. Positioned along La Porte Road, just seconds from HWY 218, the property provides strong visibility and accessibility within the region’s trade area.

1224 La Porte Road, Waterloo

$1,200,000

20261711 MLS

Opportunity to own an impressive class A building in the Greenbelt Centre Business Park. The main level of the property offers a large collaborative workspace surrounded by spacious offices and conference rooms. The property includes a parking lot with 25 parking stalls, an impressive entryway, and a kitchenette with a shared break area. On the second level of the property, there is a common area that features an expansive conference room with a balcony. Additionally, the upper level includes another kitchenette/break area, a designated gym room, and a bathroom with a shower. This property is a state-of-the-art workplace with a sophisticated layout that offers a versatile workspace.

3015 Greyhound Drive, Waterloo

-$1

20251840 MLS

Perfect investment opportunity centrally located by the corner of Highway 63 & Highway 20 in the heart of the Cedar Valley. Office / Storage: Flex Space: Up to 22 individual suites. Each suite would lease for $775.00 / mo. base rent. Estimated CAM: $166.37 / mo. Total: $943.00 / mo.

Lot 4 -Business Flex Space - For Lease, Waterloo

$125,000

20261669 MLS

This is a very clean retail shop with newer floors and equipment that comes with the building. This place has a Mens and a womans bathroom A walkin cooler that is pretty cool! Perfect space for anyone wanting to start a business of their own. Everything is in working order the seller has always kept up and maintained all equipment in this building! Come and see what could be yours.

411 Main Street, LaPorte City

$1,865,000

20261662 MLS

Positioned along the highly trafficked corridor of W Ridgeway Avenue in Waterloo, this premier office property offers an exceptional opportunity for both owner-users and investors alike. The 10,336-square-foot building sits on a generous 0.78-acre parcel, providing excellent visibility, accessibility, and ample on-site parking for employees and clients. The interior features a well-designed and highly functional layout, including multiple private offices, a spacious boardroom ideal for meetings and collaboration, and flexible work areas that can accommodate a variety of professional uses. The building’s layout supports both single-tenant occupancy or a multi-tenant configuration. Adding to its appeal, the property includes a separate ±2,000-square-foot suite on the east side of the building, presenting a valuable opportunity for passive income. With its strong presence, adaptable layout, and income-generating potential, this property stands out as a rare offering.

1203 W Ridgeway Avenue, Waterloo

$425,000

20261617 MLS

Over 10,000 Square feet of office space with great traffic and visibility! Building could be used for multiple tenants with various ingress and egress locations. Main level features over 5000 SF that includes reception desk, 8 private offices, 8+ workstations, conference room, IT/Flex room and bathroom. Lower level features over 5000 additional SF that includes 5 private offices, 3+ workstations, conference/team area, 2 bathrooms and storage/file room. Lower level set up well for multiple tenants. This building is in the 10 year College Hill TIF district.

2304 College Street, Cedar Falls

$425,000

20261556 MLS

Owner/User or Investment opportunity! Large property, ideal for church space. Currently 50% leased. Property offers ample space for congregation and/or meeting rooms as well as entertainment/gathering area with kitchen. Large parking area and convenient location make this a great location. Leased portion is currently leased on a month-to-month basis at $1350/month.

234 S Hackett Road, Waterloo

$4,050,000

20261520 MLS

Beautiful complex centrally located by the corner of Highway 20 & Highway 63 in Waterloo Iowa.? Storage Website: https://www.cedarcrossingstorage.com/ Development Website: https://www.cedarvalleycrossing.com/ Phase 1 (Opened in October 2023) has the following unit mix: Square Footage: Indoor Storage: 28,800 sqft.? Drive up units with sizes ranging in 10x15, 10x20, & 10x30.? Office & Shop: 1,280 sqft.? of climate controlled space currently leased to a Paintless dent removal company @ $1,325 / mo.? Outdoor Parking: 48,680 sqft.? Total: 78,760 total leasable square footage.? ______________________________________ Unit Size | Occupied Units | Capacity | Occupancy %: Indoor Units: 10x15: 75 | 90 10x20: 48 | 48 10x30: 19| 19 Total Indoor Units: 142 | 157 | 90.45% Office / Shop: (1,280 sqft.?): | 1 | 1 | 100% Outdoor Parking Spaces: 89 | 122 | 72.95% (10x40 Outdoor Parking Spaces 400 sqft.? each) Total Units: 232 | 280 | 82.86% _______________________________________ Unit Rental Rates: (below market rate) 10x15: $95.00 / mo. 10x20: $115.00 / mo. 10x30: $135.00 / mo. Office / Shop: Leased at $1,325 / mo. Outdoor Parking: $45.00 / mo. Spring lease up averaging 3-4 units / week.? NOI: Current NOI: $267,007.49 Stabilized NOI: $307,099.14 (Est.? July 2026) Selling Price: with TIF Package: $4,050,000 Selling Price without TIF Package: $3,900,000 Features: Security Fence Automated Gate High definition security cameras Climate controlled office & shop.? Taxes: * Tax Incentive Package: 15 - Year / Tax Incentive (TIF) package from the city of Waterloo IA.? (graduated scale.? displayed in the due diligence attachments) * Annual Taxes: $70,441.38 (paid in bi-annual payments March & September) * Annual Tax Rebate from City of Waterloo IA: (-$50,717.79) (2 checks from city received in May & November) * Net Annual Taxes: $19,723.59 Phase 2: * Seller has plans they can share regarding 2 options for 2 different Phase 2 buildout options.? * Each plan would add additional buildings, but would reduce the outdoor parking space.? * Seller is willing to work with the buyer on performing a design / build project to build out Phase 2 if interested.? The NOI for the Phase 2 buildout in either scenario looks really good.? * Phase 2 - Option 1 - NOI at Stabilization: $406,280.66 * Phase 2 - Option 2 - NOI at Stabilization: $437,142.94 Note(s): * Projected Occupancy %: | 85% June 2026 | 90% July 2026 | 95% September 2026.? * Financials & Proforma updated monthly & performed by CPA.? Sales tax paid by CPA.? * Tax Incentive bi-annual reimbursement from city performed by CPA.? Signed copy of development agreement from city available upon request.? * Depending on the buyer, the owners are willing to stay and help run / operate the business until September 1st, 2026.? * Starlink satellite high speed internet & wifi on site.? * Remotely controlled bluetooth locks installed on 5 units as a test.? Requires no modification to the doors.? * Buyers can elect to have these removed before closing or sellers can install the bluetooth locks on the rest of the units.? * After the buyer sees the locks, they are really going to like them.? Gives you the ability to lock a unit instantly and allows for automated check in / check out.? Makes remote site management a lot easier.? * I am one of the owners and am a licensed realtor in the state of Iowa.?

3556 Marnie Avenue, Waterloo

$10,500,000

20261393 MLS

82500 sq. ft. industrial warehouse space available for sale in Waterloo. Property is conveniently located just off Hwy 63/Sergeant Rd. near Hwy 20 and the Greenbelt Development area. New construction space offers 2 drive-in doors + 9 dock doors and is fully sprinkled. 38'-30' clear ceiling height. Ample parking, easy access to major highways, modern high-end construction and flexible space make this property ideal for your business' industrial needs. Property also available for lease at $7.95 PSF NNN. Listing agent is related to owner.

3460 Marnie Avenue, Waterloo

$750,000

20261361 MLS

Prime Downtown Cedar Falls investment opportunity in a vibrant, high-traffic corridor offering exceptional visibility and strong consumer draw. The property is fully equipped for hospitality or entertainment use, featuring 15 mounted televisions, a professionally installed sound system, and a comprehensive security system. Operational infrastructure includes a walk-in beer cooler, walk-in cooler/freezer combination, and a Micromatic draft beer system already in place. Recent capital improvements include updated HVAC systems completed in February 2026 by Bergan. With excellent downtown parking availability and a dynamic surrounding tenant mix, this asset is ideally positioned for continued success in one of Cedar Falls’ most sought-after commercial districts.

421 Main Street, Cedar Falls

$24,500

20261271 MLS

Co Owner: Angelica Vazquez De Galvez, Selling As Is. Last business was Fortunes Bar. Situated adjoining several non profits (Operation Threshold, Waterloo Women's Center for Change), Food Bank and City owned properties. Lot goes across Elm St. Has been used as storage and currently is vacant. Vandal's removed copper

328 Elm Street, Waterloo

$225,000

20261137 MLS

Welcome to the ultimate investment opportunity! This building boasts 2820 square feet of prime commercial real estate just 1.5 miles from Highway 20. Most recently housed a restaurant, the property is zoned C-2, allowing for a wide range of commercial uses. The building itself features a spacious and inviting interior, with ample space to accommodate any business venture. Its location on the highly traveled 1st Street West ensures excellent visibility and easy access, making it a prime destination for customers. Additionally, this property features two large concrete parking lots, each measuring 12,200 square feet, providing ample parking for customers and employees. Neighboring businesses include Subway, Advance Auto Parts, Dollar General, Pizza Ranch, and Super 8 Motel. It is also situated in close proximity to the Independence Community Schools campus, making it an excellent location for any business catering to families, students and the broader community. With its prime location and impressive features, this building offers a rare opportunity to own a highly desirable piece of commercial real estate.

1640 1st Street West, Independence

$119,900

20260962 MLS

Looking for functional, affordable commercial space in a convenient Waterloo location? Look no further. This well-maintained heated shop and office property delivers the accessibility, versatility, and value that growing businesses and savvy investors have been waiting for. Ideally situated near major roadways for effortless access, this durable steel-exterior building is built to last with minimal upkeep — keeping your overhead low and your operation running smoothly. Two 12-foot overhead doors make loading, unloading, and day-to-day operations a breeze, while the dedicated office area provides a professional space to handle business without leaving the property. Whether you're launching a new venture, expanding an existing business, or simply need reliable heated storage, this space checks every box. The spacious parking lot accommodates employees, customers, and equipment with ease, and the on-site bathroom adds everyday convenience for staff and visitors alike. Flexible enough for retail, workshop, storage, trades, or light industrial use — all at a price point that makes the numbers work. Opportunities like this in Waterloo don't stay on the market long.

440 W Parker Street, Waterloo

$239,900

20260889 MLS

Owner is an active real estate broker in the State of Iowa. Great for day care, bar, restaurant, etc. Close to Cedar Heights school. The property has two driveways....one on each end of lot. Or bulldoze and build a new duplex or twin home. Location, Location, Location. Also available for lease.

2609 Rainbow Drive, Cedar Falls

$599,900

20260830 MLS

Ideal location for autobody business! 8520 sq. ft. repair shop space with several interior bays, 4 overhead doors, 2 paint booths, ample exterior storage area. Includes office area with reception desk, lobby area and private office space.

1824 Jefferson Street, Waterloo

$269,000

20260647 MLS

Property Overview: Discover an excellent opportunity with this versatile warehouse/flex space offering a blend of functionality and comfort. Perfectly designed for businesses that require an office environment within a spacious warehouse setting. Key Features: Spacious Layout: Ample square footage providing flexibility for various business needs, from storage to manufacturing or creative spaces. Dedicated Office: A well-appointed office area perfect for administrative tasks, meetings, or remote work. Two Bathrooms: Conveniently located bathrooms, ensuring comfort for staff and visitors alike. Mezzanine Level: Additional space for storage, workstations, or showroom purposes, maximizing the utility of the property. Excellent Access: Strategically situated with easy access to major roadways, enhancing logistics and transportation. High Ceilings: 20 ft sidewalls Parking Availability: Ample parking space for employees and clients. Customizable Space: Open floor plan allowing for easy customization to fit your business requirements. Lease Terms: $2,600 Sale Price: $289,000 NOW: $269,000 Contact Information: For inquiries and to schedule a viewing, please reach out to Blake Keating 319-480-4213 Don't miss out on this fantastic opportunity to establish your business in a prime warehouse/flex space!

3111 Airline Highway Unit Unit 1, Waterloo

$189,900

20260637 MLS

Claim your stake in the revitalized heart of Downtown Waterloo! This high-visibility, bar and entertainment space offers an unmatched opportunity to own a piece of the city’s vibrant nightlife. Situated directly on the bustling W 4th Street corridor, this property benefits from heavy foot traffic and is surrounded by the city's most popular anchors.

303 W 4th Street, Waterloo

$950

20260576 MLS

Offering office/retail space at 925 W 5th Street, Waterloo, Iowa. This property features a versatile space suitable for various uses, including retail, office, or professional services. Its location provides high foot traffic and excellent visibility. Ample parking is available for both customers and employees. With nearby shops, restaurants, and services, this location offers a perfect space for businesses looking to establish themselves.

925 W 5th Street, Waterloo

$145,000

20260497 MLS

9700+ sq. ft. of office space offering tons of character in renovated church building. Space offers multiple private offices, open meeting areas. 2nd level space is spacious and open to the main level. Lower level space is finished with multiple offices and flex work space. Includes private off-street parking area. Must be office use. Listing agent is related to owner. Space is also available for lease.

1225 W 4th Street, Waterloo

$1,800,000

20260452 MLS

Impressive Downtown Cedar Falls investment opportunity! This 2-building space includes main level retail spaces and upper level office spaces. Well-maintained building with loads of character and charm. All leases are NNN making this an ideal investment. Financials available upon request.

206-210 Main Street, Cedar Falls

$299,900

20260432 MLS

Formerly the Expo School, 1410 Independence Ave presents a rare opportunity for adaptive reuse. Now vacant and ready for its next chapter, the property offers substantial square footage with numerous classrooms and flexible spaces, a full gymnasium, and an auditorium with balcony seating features that are increasingly difficult and costly to replicate today. Mechanical infrastructure includes two functioning boilers. While there is no central air, many rooms are equipped with window A/C units. The layout and scale make this property well-suited for institutional, community, educational, nonprofit, office, or other specialty uses. Centrally located in Waterloo and offered at $499,900. Call your favorite Broker today for a personal tour.

1410 Independence Avenue, Waterloo

$169,775

20260400 MLS

Build to suit storage condos, garage condos, small business suites, personal sports training facility or whatever you want it to be! Conveniently located in Cedar Falls' Industrial Park. 1485 square feet in a condo-style building. $200 Annual HOA Fee to cover lawn snow and exterior insurance. This price includes, 12' wide and 14' tall overhead door in a 33x45 space with 16' ceilings. Walk in door adjacent to overhead door. These buildings will include separate electric and water meters. This is a very unique opportunity to buy and own your own storage, small business suite or even a mancave away from home! Units include insulated walls, heating/cooling unit and a finished bathroom Seller is a licensed real estate agent.

3045 Capital Way Unit 2, Cedar Falls

$189,900

20260329 MLS

This commercial building is conveniently located in downtown Waterloo and offers 4,475 sq ft. You can leave as-is and utilize for storage or customize the space for your next business venture. Boasting 3200 sq ft of industrial/warehouse space and 1275 sq ft of office space, it would make for a great car shop or delivery business, and everything in between. IS RENTED FOR 1500$ AMONTH

106 E 9 Street, Waterloo

$399,900

20260233 MLS

Built in 2021, this exceptional commercial property sits on 1.22 acres and offers a high-quality, energy-efficient metal building zoned Commercial. The structure features reinforced concrete construction, R-50 insulation in ceiling and R-38 insulation in walls, gutters, and snow guards. Interior boasts 18’ walls, high-bay LED lighting, and four 12’x16’ insulated overhead doors with remotes, plus two insulated service doors. Includes a full 13’x14’ kitchen with 8’ granite island and an 8’x11’ bathroom with washer, dryer, utility sink, floor drain, and plumbing for future shower. Equipped with 200-amp service, multiple circuits, 30 & 50 amp hookups, internet, 40-gal water heater, and gas radiant heat with remote thermostat. 28’x22’ garage with new roof (2022). Turn-key commercial opportunity, with the ability to add dock door.

224 Washington Street, Raymond

$329,900

20260148 MLS

Industrial Flex Space available. Currently utilized as a gym/fitness/recovery center. Owner will sell the building furnished with equipment as is for additional cost. This 55x45 unit is available as is to utilize as a gym/sport court or owner will remove hoops and court to enable a buyer to utilize this as a man cave, shop, toy storage, or whatever they want! This Unit has upgraded and has full furnace and A/C capabilities. Two office areas, bathroom with shower are upgrades in this unit. Seller will add bathroom on unit 8 if so desired at this price. 12x14' overhead door, with finished and painted walls. ****gym equipment, sauna, plunge, Sport court, hoops and dr dish machine are available for purchase but NOT included in this purchase price.

3035 Capital Way Unit 7/8, Cedar Falls

$249,900

20260101 MLS

This multi-unit, mixed-use investment opportunity features a versatile income stream with three main-level office or retail suites and five residential apartments on the second level. The property is strategically positioned for maximum exposure, offering high visibility and the rare convenience of a large, private off-street parking area for both tenants and clients. Adding to the flexibility of this asset, all residential leases are currently on a month-to-month basis, providing an ideal scenario for an investor looking to adjust to market rents or transition the units. With a solid foundation of commercial and residential synergy, this property is a standout for those seeking a diversified portfolio. Furthermore, the seller is open to considering a sale on contract, depending on the strength of the proposed terms.

501-505 W 4th Street, Waterloo

$625,000

20255952 MLS

13,804 sq. ft. retail/office space on the corner of Fletcher and Rock Island Avenues, conveniently located near Hwy 218. Space offers impressive show room including a client waiting area with restrooms. Great office space and plenty of storage. Building has 3 over head doors and a fenced in lot. Includes Parcel # 8913-22-403-011. Property includes 2 buildings; one retail building (101 Fletcher Ave.) and one office building (359 Rock Island Ave.) Both are available for lease.

359 Rock Island Avenue, Waterloo

$129,500

20255226 MLS

This 2,250 square foot concrete block building offers exceptional visibility and easy accessibility on one of the busiest streets in town. Situated on a prominent corner lot with C-2 zoning, the property is ideal for a variety of commercial uses. Featuring durable construction and concrete parking, this building is ready for your business to move in or to be customized to suit your needs. Two bays have been opened to form one large area. Seven overhead doors for easy access and workflow. Being this property was a former car wash, the center pits are still in place. Its strategic location near the local school campus, Casey’s General Store, Independence Premium Foods, Spahn & Rose Lumber and several other well-established businesses makes it a highly desirable spot for customer traffic and brand exposure. A deed restriction applies, ask for details.

1002 1st St. West, Independence

$105,000

20255014 MLS

These 20x50 business suites are perfect flex space for your needs. The units area great option whether it's storage for toys, small business suite, contractor flex space or just a place for your man-cave! Each unit comes with separately metered utilities, a bathroom, heating and cooling unit and 12x14' overhead door. Looking for more than 20x50? Ask about a custom sized unit in the next building starting in 2026.

3318 Airline Highway Unit 1, Waterloo

$25

20254631 MLS

Located in a high-traffic corridor on Viking Road, this property provides excellent visibility and accessibility for clients / customers. The building is newly constructed with contemporary finishes, a sprinkler system for safety, and a large shared parking lot to accommodate both employees and visitors. Designed for flexibility, this space is well-suited for businesses looking to establish themselves in a thriving location. Viking Plaza in Cedar Falls offers excellent office/retail spaces with endless possibilities. Its a home to a variety of businesses including coffee shops, fitness facilities, hair and nail salons, and many more creating a lively and convenient setting for your workday. Behind the building, a scenic lake with a walking trail provides an added lifestyle amenity. With its professional environment, easy access, and all the conveniences you could want in one location, this space is an ideal opportunity for your business.

930 Viking Road Unit Suite 105, Cedar Falls

$995,000

20254448 MLS

This prime industrial warehouse is now available for immediate occupancy, offering a rare opportunity for an owner-user or investor to acquire a high-velocity logistics hub. Strategically positioned as a vital transfer station, the facility features an exceptional 30 loading dock doors, providing an incredible ratio for maximum operational efficiency and high-volume freight movement. The building encompasses a total of 11,880 square feet, including 10,530 sq. ft. of high-capacity warehouse space designed for rapid distribution and 1,350 sq. ft. of turnkey office space for administrative support. The property is situated on a generous 5.35-acre site with flexible M-2/P zoning, allowing for substantial outdoor storage, heavy trailer parking, or potential future expansion. Located in the established Midport Blvd industrial area of Waterloo, the facility ensures excellent regional connectivity with immediate access to Airline Highway and nearby Highway 20. With estimated operating expenses at a favorable $4.05 PSF, this site is perfectly positioned for a business looking to capitalize on a prime location with a massive real estate footprint.

2535 Midport Boulevard, Waterloo

$5

20254420 MLS

This modern and highly accessible property is located just off a main highway, offering excellent visibility and convenience for your business. The building features a 10,240 sq ft warehouse with two large 20' x 40" overhead doors, ideal for storage, distribution, or light industrial use. At the front, you’ll find 1,780 sq ft of finished office and showroom space, creating a professional area to welcome clients and conduct day-to-day operations. Outside, the property showcases a contemporary exterior with clean lines, bold accents, and a welcoming front entry, along with paved parking for employees and visitors. With its versatile layout, modern design, and unbeatable location, this property is well-suited for a wide range of business needs. $5per sqft + NNN

3611 Fast Lane, Hudson

$824,900

20254404 MLS

This modern and highly accessible property is located just off a main highway, offering excellent visibility and convenience for your business. The building features a 10,240 sq ft warehouse with two large 20' x 40" overhead doors, ideal for storage, distribution, or light industrial use. At the front, you’ll find 1,780 sq ft of finished office and showroom space, creating a professional area to welcome clients and conduct day-to-day operations. Outside, the property showcases a contemporary exterior with clean lines, bold accents, and a welcoming front entry, along with paved parking for employees and visitors. With its versatile layout, modern design, and unbeatable location, this property is well-suited for a wide range of business needs.

3611 Fast Lane, Hudson

$295,000

20254202 MLS

Positioned at a high-visibility intersection with an impressive 13,220 Average Daily Traffic Count (ADT), 701 Franklin Street offers a rare opportunity in Waterloo’s Central Business District. This versatile commercial space features a large sales floor/lobby, two private offices, and one bathroom, making it ideal for a variety of uses including automotive, retail, restaurant, or service-based businesses. The property includes an auto mechanic shop with two overhead doors (13’ x 10’), ideal for vehicle access or deliveries. Situated on three parcels with a large parking field, it provides ample space for customers and operations alike. Surrounded by key landmarks like Waterloo City Hall, the Black Hawk County Courthouse, and East High School, this location combines visibility, functionality, and central convenience.

701 Franklin St Street, Waterloo

$3,999,999

20254157 MLS

50,400 sq. ft. warehouse space in ideal Waterloo location offering loading dock with 6 dock doors and large exterior storage area. Includes 1200 AMP, 3-Phase electric. Clear ceiling height 25 1/2' - 28'. Listing agent is partial owner of subject property and is related to other members of entity. Property is also available for lease.

130 Warp Drive, Waterloo

$132,000

20252941 MLS

Now you are at the right place, where everyone wants to know your name, why? Because you might have a reservation for dinner across the street at the infamous Hickory House!! The Park Road Inn is where you have been going for a very long time for your pre or post dinner gathering, fun times with family and friends can happen any day of the week with two times a week of Karaoke!! Surround your life with a great clientele list of regulars and make new friends when they come in. there have been plenty of updates at the Park Road Inn New Plumbing, security system, furnace, roof, siding, ac, flooring, kitchenette, updated seated and gaming room. There is an added Parcel for all the parking you'll need to handle your special events and what not.

306 Park Road, Waterloo

$2,377,831

20251839 MLS

Perfect investment opportunity centrally located by the corner of Highway 63 & Highway 20 in the heart of the Cedar Valley. Office / Storage: Flex Space: Up to 22 individual suites. Each suite would lease for $775.00 / mo. base rent. Estimated CAM: $166.37 / mo. Total: $943.00 / mo.

Business Flex Space, Waterloo

$350,000

20251283 MLS

Welcome to the Gasser Building! Offering a unique blend of commercial and residential opportunities. This 9,344 SF building sits on .18 acres in the heart of downtown Waterloo. The building features (3) commercial units and (3) residential units. The commercial suites are roughly (+/-) 1,500 SF featuring historical touches throughout. One unit is currently leased and two units are ready to be white-boxed and re-leased. The three residential units include a mix of floorplans: Two units with (2) bedrooms and (2) bathrooms, and one unit with (2) bedrooms and (1) bathroom. Each unit features a beautiful historic fireplace, an in-unit washer and dryer, and original hardwood flooring throughout. The building’s central location provides easy access to local amenities, making it an ideal spot for tenants seeking visibility, foot traffic, and proximity to a surplus of retailers and restaurants. The property is located in the Downtown TIF district and opportunity zone with incentives available. With its rich history and modern upgrades, the Gasser Building presents a rare opportunity for a viable restoration project for the commercial units, and cash-flow on the residential units.

632 Sycamore Street, Waterloo

$445,000

20244231 MLS

Great investment opportunity! Prime commercial location with this existing and operating car wash or future build site.

2934 Ansborough Avenue, Waterloo

$895,000

20244211 MLS

Great investment opportunity! Prime location for this existing operating car wash or future building site.

1408 1 Street, Cedar Falls

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