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20264272 MLS
NEWLY RENOVATED! Both interior and exterior renovated for a fresh new look. This 2,200 sq. ft. retail space on Main Street in Downtown Cedar Falls offers a prime opportunity for businesses looking to expand or relocate. The space is ready for the next business to add their finishing touches to make it their own. Featuring large storefront windows for excellent visibility and natural light, along with exposed brick walls for added character, the space blends charm with functionality. Its open layout provides a clean slate, ready to be tailored to your vision. With strong signage potential, a convenient location, and an impressive downtown presence, this property is designed to help your business thrive. Estimated NNN expenses are $4.50 PSF.

319 Main Street, Cedar Falls

$395,000
20264204 MLS
Turnkey medical office building, vacant and available for immediate occupancy. Built in 1990 with a durable brick exterior, the main level offers a fully built-out clinical layout: reception/waiting area, six exam rooms, a lab, and a nurses' station, with plumbing and electrical already in place to save a buyer significant build-out cost and time. A walk-out lower level adds flexible expansion space; additional suites, a complementary practice, with potential to lease a portion for added income. Situated on 0.38 acres with visibility along San Marnan Drive, the property sits on a corridor that just completed a full public road reconstruction in December 2025, bringing fresh pavement and renewed access near Highway 20. Zoned C-1/C-Z. Well suited for medical, dental, veterinary, chiropractic, or specialty-practice owner-users ready to move in now, as well as investors targeting value-add income potential. Priced below comparable Waterloo medical office space / assessed value. Some photos have been virtually enhanced / staged.

305 E San Marnan Drive, Waterloo

$525,000
20264094 MLS
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

3717 Midway Dr, Cedar Falls

$79,000
20263862 MLS
Bring Your Vision to Life at 824 Columbia St! Discover a spacious property with 3,439 square feet of room to work, create, and make your own. Situated on a desirable corner lot, this property offers plenty of space and flexibility for a variety of needs, whether you're looking for a home with room for projects, a hobby space, workshop potential, or simply want plenty of room to spread out. The property features a durable metal roof and an interior that provides ample space for projects, storage, hobbies, or future improvements. A small office area adds a convenient dedicated workspace for working from home, managing projects, or handling day-to-day business needs. With its generous square footage, corner-lot setting, and tremendous potential, 824 Columbia St is ready for someone with a vision. Bring your ideas and turn this spacious property into something truly special! Schedule your showing today and explore the possibilities! Selling As Is / Where Is

824 Columbia Street, Waterloo

$360,000
20263681 MLS
Position your business in one of Waterloo's most visible corridors with this exceptionally maintained 3,550 sq ft office building. Ideally located on highly traveled Ansborough Avenue just moments from the HWY 218 interchange, this property offers outstanding accessibility, excellent exposure, and a professional setting for a wide variety of office, medical, financial, or professional service users. The location has long served as professional office space and benefits from strong visibility along one of Waterloo's primary thoroughfares. The thoughtfully designed floor plan features seven private offices, multiple open workstation areas, a welcoming reception desk and lobby, a spacious conference room, and a convenient kitchenette/break room. The building is fully handicapped accessible, including accessible entry doors and interior accommodations. Significant capital improvements include a new roof installed in the summer of 2026 with premium Category 4 impact resistant shingles, a recently updated HVAC system, and a newer water heater. The basement is protected by a fire sprinkler system and provides abundant storage space. Outside, the property offers a beautifully landscaped lot, lite up signage, and a 20-stall parking lot that has been recently restriped, providing ample, convenient parking for employees and visitors.

611 Ansborough Avenue, Waterloo

$259,900
20263660 MLS
Discover the endless potential of this 2.55-acre commercially zoned property, offering exceptional versatility for a wide range of business ventures. The fully insulated raised barn features a durable metal roof and an expansive finished open-concept layout designed to accommodate a variety of commercial uses. The 1,215-square-foot main level boasts a stunning 20-foot custom wood bar, two finished restrooms, and a spacious 756-square-foot deck—creating the perfect setting for entertaining, events, or business operations. Upstairs, you'll find an additional 720 square feet of finished flex space ideal for offices, meeting rooms, retail, studio space, or storage. This level also includes a finished ¾ bath, an additional finished room, and access to an adjoining 81-square-foot deck. Adding to the property's value is a solar energy system that helps offset electrical costs, along with three storage sheds providing approximately 700 square feet of additional storage space. Conveniently located just minutes from downtown Cedar Falls, this rare commercial acreage presents an outstanding opportunity for entrepreneurs, investors, or business owners seeking a one-of-a-kind property with limitless potential. Bring your vision and make this exceptional property your next investment!

2000 Lincoln Street, Cedar Falls

$89,900
20263627 MLS
Endless Potential in the Heart of Waterloo – Historic Church Ready for Redevelopment This iconic church building offers over 20,000 square feet of space in a prime Waterloo location. With soaring ceilings, stunning architectural detail, and flexible layout potential, the property is ideal for a wide range of redevelopment visions including housing, mixed-use, event center, or co-working space. Situated in a designated Opportunity Zone, this project may also qualify for powerful tax incentives, making it an attractive option for investors and developers. Whether you're looking to restore a piece of Waterloo’s history or transform it into a vibrant new community asset, the possibilities here are truly unique. Just steps from downtown and East High School this is located in the Historic Walnut Neighborhood around small shops and Multifamily. Reach out today to schedule a tour and explore what’s possible with this one-of-a-kind property.

415 Walnut Street, Waterloo

$349,900
20263619 MLS
This freestanding 26,541-square-foot industrial building sits on a 0.41-acre corner lot in the heart of Downtown Waterloo. Rich with character, the two-story structure features expansive open spaces, exposed brick, direct views of the Cedar River, and a flexible floor plan suited for a variety of industrial, commercial, or mixed-use uses. The building currently offers warehouse and storage capabilities, including a grade-level overhead door for loading access, while its adaptable layout provides exceptional potential for adaptive reuse. Whether preserved for industrial use or transformed into creative office space, loft-style residential units, retail, entertainment, or a mixed-use development, the property's size, character, and prime downtown location make it a compelling value-add opportunity. Located within an Opportunity Zone, the property may offer potential tax advantages for qualified investors, further enhancing its investment appeal.

200-212 Sycamore Street, Waterloo

$1,100,000
20263494 MLS
Positioned in the heart of Waterloo’s established industrial corridor, 3050 Wagner Road offers over 23,000 square feet of flexible warehouse, shop, and office space across two buildings on 3.05 acres. This property is well-suited for manufacturing, fabrication, logistics, or an owner-user needing room to grow. The main building features 19,865 SF, of sprinkled warehouse and office with many new updates to the system. A second, stand-alone 3,200 SF warehouse provides additional storage, shop, or tenant-occupancy potential. Strong infrastructure supports a wide range of operations, including 3-phase power, an air loop system, multiple overhead doors, and newer HVAC systems. Also a new roof on the main building. Located on a high-visibility corner along Wagner Road and Airline Highway, the site offers dual access points, excellent signage opportunities, and truck-friendly circulation close to Hwy 218, Hwy 63, rail, and the airport. Fiber and coax connectivity support modern business demands. The property will be delivered vacant at closing, making it immediately ready for occupancy or reconfiguration. Whether used as a single operation, divided for multiple tenants, or modernized for future industrial needs, this site delivers scale, infrastructure, and strategic positioning at a compelling price point.

3050 Wagner Road, Waterloo

$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 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 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.

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

$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