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    2459 Gt Dr Waterloo, IA 50703

    For Sale
    $2,800,000

    COMMERCIAL - Waterloo, IA

    Lot size:
    10.13 Acres
    Days on Market:
    16
    Last Refresh:
    Dec 5 at 7:06 am

    Property Features for 2459 Gt Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    M-2
    APN
    891220126017
    Lot size
    10.13 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Natural Gas, Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2002
    Flooring type
    Concrete
    Building materials
    Steel/ST Fram
    Roof type
    Metal

    Century 21 Signature Real Estate (319) 239-1281 [email protected]

    Listing agent Timothy Lalk (319) 352-1157

    Listing date Nov 20, 2025

    Copyright © 2025 Northeast Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterloo Truck Service Facility

    Located in the heart of Northeast Industrial Park in Waterloo, Iowa, this property is surrounded by companies such as John Deere, Tyson's, Ryder Logistics, and Ferguson. The property is adjacent to Martin Luther King Drive, a four-lane road providing direct access to downtown and South Elk Road, with accessibility to US Highway 20, Interstate 380, and Avenue of the Saints. Constructed in 2002, the former Gray's Transportation building was previously operated as a truck service facility. The 18,000 sq ft pre-engineered building is fully heated and insulated. The shop area covers nearly 14,000 sq ft and features five drive-through service bays, including a Ryko automatic truck wash, 11 16-foot overhead doors, 2 dock doors, and an 800-amp three-phase electrical service. The shop is equipped with 8-inch thick concrete floors and radiant tube heaters. The 4,065 sq ft office space contains three private offices, shared office areas, break and conference rooms, a trucker lounge, a reception area, and two restrooms. There is another restroom in the shop, as well as two restrooms and a shower in the trucker's lounge. Outside, the property includes 73,000 sq ft of concrete paving, over 130,000 sq ft of gravel, and 50 plug-ins for diesel trucks. The property is zoned M-2 and sits on a 10.13-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Gray Transportation Transportation Service

    Suggested Use

    Building Supply Wholesale Shop Auto Repair Shop Gym & Fitness Auto Parts Store Bar & Pub Garden Center Discount Store Convenience Store Pawn Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waterloo
    County
    Black Hawk
    State
    Iowa
    Longitude
    -92.289904
    Latitude
    42.51025

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    FAQs

    What type of property is this?
    Truck terminal - 18,000 SF truck service facility in Waterloo, Iowa.
    Where is this truck terminal located?
    The property is located at 2459 Gt Dr Waterloo, IA.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: - Prime location in the heart of Northeast Industrial Park with excellent access to key transportation routes.; - Spacious 18,000 sq ft pre-engineered building, fully heated and insulated.; - Extensive shop area (nearly 14,000 sq ft) featuring five drive-through service bays and 11 16-foot overhead doors.
    (319) 352-1157
    Request Owner's contact information
    2459 Gt Dr Waterloo, IA 50703
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2459 Gt Dr Waterloo, IA 50703
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