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    Waterloo, IA Conventional Restaurants for Lease

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    Cedar Falls, IA Evansdale, IA Raymond, IA Hudson, IA La Porte City, IA Laporte City, IA Waverly, IA Shell Rock, IA
    Equipped Commercial Kitchen Space
    Updated: Aug 18
    Equipped Commercial Kitchen Space

    910 W 5th St, Waterloo, IA 50702

    $2,250/Mo
    5,625 sqft
    Approximately 5,625 square feet in a multi‑tenant strip center
    Fully equipped commercial kitchen with walk‑in coolers
    Existing hood system and restaurant improvements
    Functional layout suited to restaurant, food service, or hospitality operations
    Large shared parking area
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    Restaurant with Drive-Up Window
    Updated: Jul 17
    Restaurant with Drive-Up Window

    2040 Kimball Ave, Waterloo, IA 50702

    $14 SF/Yr
    Freestanding restaurant space with a spacious dine‑in area
    Convenient drive‑up window for customer access
    Includes a private meeting room and office space
    Located at the highly traveled intersection of Kimball and Ridgeway in the heart of Waterloo
    Part of a shopping center with tenants including Family Dollar, Flowerama, Hy‑Vee Wine and Spirits, Greenwood Pharmacy, and Damon's Sports Bar
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    Turn-Key Restaurant For Lease
    Turn-Key Restaurant For Lease

    3280 University Ave, Waterloo, IA 50701

    Contact for pricing

    Restaurant available for lease on University Ave, Waterloo, IA.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 3 Active listings in Waterloo, IA, we suggest exploring alternatives. Consider Similar 4 Spaces in Nearby Cities, and Similar 8 Properties for Sales.

    Conventional restaurants for Lease in Nearby Cities

    Here are 4 Similar Spaces we found in Nearby Locations for your consideration.

    Restaurant Space with Equipped Kitchen
    Restaurant Space with Equipped Kitchen

    2214 College St, Cedar Falls, IA 50613

    $3,500/Mo
    1,946 sqft

    For-lease restaurant space with existing kitchen equipment and access to a busy corridor with 6,300 traffic count.

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    Freestanding Drive-Through Restaurant
    Freestanding Drive-Through Restaurant

    3401 E Avenue NW, Cedar Rapids, IA 52402

    Contact for pricing
    2,927 sqft 1.17 AC lot

    Substantially built-out restaurant with dedicated vehicle service infrastructure and prominent roadside signage.

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    Freestanding Restaurant Building
    Freestanding Restaurant Building

    320 Collins Rd Ne, Cedar Rapids, IA 52402

    Contact for pricing
    9,500 sqft 1.60 AC lot

    Freestanding 9,500 SF building on 1.6 acres with ample on-site parking along Collins Rd NE.

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    Four-Tenant Shopping Center
    Four-Tenant Shopping Center

    1030 Old Marion Road, Cedar Rapids, IA 52402

    Contact for pricing

    Fully leased retail center with food, salon, grocery, and restaurant occupancy.

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    Similar Spaces for Sale in Waterloo, IA

    Consider Similar Space for Sale. We found 8 Spaces matching your search parameters.

    Multi-Tenant Shopping Center
    Multi-Tenant Shopping Center

    106 Brookeridge Drive, Waterloo, IA 50702

    $999,000
    0.91 AC lot

    Fully leased retail center with UPS and restaurant tenancy in an established commercial corridor.

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    Equipped Conventional Restaurant Space
    Equipped Conventional Restaurant Space

    910 W 5th Street, Waterloo, IA 50702

    Contact for pricing
    5,625 sqft

    Restaurant space in a multi-tenant center with commercial kitchen equipment and shared parking.

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    Restaurant Space with Drive-Up Window
    Restaurant Space with Drive-Up Window

    2040 Kimball Avenue, Waterloo, IA 50701

    Contact for pricing
    2,100 sqft

    Restaurant space in a shopping center with a spacious dine-in area, private meeting room, office, and drive-up window.

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    Corner Restaurant Building
    Corner Restaurant Building

    504 Riehl St, Waterloo, IA 50703

    $175,000
    2,996 sqft

    Open commercial layout with kitchen infrastructure, office space, restrooms, and off-street parking across from Kwik Star.

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    Corner Restaurant Building
    Corner Restaurant Building

    504 Riehl Street, Waterloo, IA 50703

    $175,000
    0.55 AC lot

    Open interior with kitchen infrastructure, two restrooms, office space, and off-street parking.

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    Fully Leased Multi-Tenant Retail
    Fully Leased Multi-Tenant Retail

    106 Brookeridge Drive, Waterloo, IA 50702

    $999,000

    Stabilized multi-tenant retail building anchored by a UPS location and a local restaurant on high-traffic Kimball Avenue.

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    Restaurant with Large Parking Field
    Restaurant with Large Parking Field

    2822 University Ave, Waterloo, IA 50701

    Contact for pricing

    Restaurant includes a dining room, kitchen, and bar, plus a large parking field and included fixtures.

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    Two-Story Restaurant with Mezzanine
    Two-Story Restaurant with Mezzanine

    300 W 4th Street, Waterloo, IA 50701

    Contact for pricing

    Downtown restaurant building includes a party room, mezzanine seating, and contemporary interior design elements.

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    Waterloo, IA Conventional restaurants Lease Rates & Market Statistics

    Explore 3 Conventional restaurants for lease in Waterloo, IA on Realmo, a commercial real estate exchange covering the Waterloo area. The current inventory totals 5,625 square feet of properties.

    Conventional restaurants lease rates in Waterloo range from $4.80 SF/Yr at the entry level to $14 SF/Yr at the top of the market, averaging $9.40 SF/Yr. That's a 3x spread between entry-level and premium space, making side-by-side comparison of asking rents and lease terms essential. At $9.40 SF/Yr, the local average runs 49% below Iowa's state average of $18.48 SF/Yr.

    Waterloo accounts for 75% of the 4 conventional restaurants currently available across Black Hawk County, where a nearby market includes Cedar Falls. Conventional restaurants are one of the more limited space types in Waterloo, with just 3 listings currently available — a scarcity worth factoring into lease negotiations.

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