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Vacant Bar Property
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328 Elm Street, Waterloo, IA 50703

Commercial Sale, Waterloo, IA

Property SizeContact for details
Lot Size0.18 Acres
Days on Market161

Property Features for 328 Elm Street

General Information

Property type Commercial Sale
Property subtype Office
Zoning M2
Directions North off Lafayette St
Standard status Active
APN 891325255009
Lot size 0.18 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description LANE AND FOWLERS SECOND ADD LOT 4 AND ALSO THAT PART OF ELM ST DESC AS BEG AT SE COR OF LOT 10 BLK 14 SAID ADD TH N ALONG E LINE BLK 14 TO NE COR LOT 1 BLK 14 TH E TO NW COR OF LOT 4 BLK 13 TH S TO SW COR LOT 7 BLK 13 TH NWLY TO PT OF BEG EXC W 6 FTTHEREO
Tax Annual Amount 833
Legal Description LANE AND FOWLERS SECOND ADD LOT 4 AND ALSO THAT PART OF ELM ST DESC AS BEG AT SE COR OF LOT 10 BLK 14 SAID ADD TH N ALONG E LINE BLK 14 TO NE COR LOT 1 BLK 14 TH E TO NW COR OF LOT 4 BLK 13 TH S TO SW COR LOT 7 BLK 13 TH NWLY TO PT OF BEG EXC W 6 FTTHEREO

Utilities

Utilities Water Available
Sewer type Public Sewer

Building Details

Year built 1930
Building materials Frame
Listing Agency: RE/MAX Concepts - Cedar Falls · RE/MAX International
Listed By: Rick Bauer · License #B18473000
Added: Mar 31 Changed: Aug 26 Last Checked: Sep 7 at 8:06PM
MLS# 20261271

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This vacant commercial property occupies 0.18 acres and is classified for bars and pubs. The frame building dates to 1930, and the property is being offered in its current condition. The site has been used for storage, while the most recent business was Fortunes Bar.

The parcel is located on Elm Street in Waterloo and extends across the street. Surrounding properties include Operation Threshold, Waterloo Women’s Center for Change, the Food Bank, and city-owned parcels. Water is available, and the property connects to public sewer. M2 zoning applies to the site.

Key Highlights

  • 0.18‑acre commercial property in Waterloo
  • M2 zoning supports the property’s commercial classification
  • Frame building constructed in 1930

Property Analytics

Current Use

Bars & Pubs

Suggested Use

Top Pick Pharmacy Big Box & Wholesale Store Real Estate Agency Skin Care Clinic Gym & Fitness Center Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

538
Businesses Nearby
8k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Veridian Credit Union Shops & Services
4,869 visits/mo 0.1 miles
Advance Auto Parts Shops & Services
1,645 visits/mo 0.2 miles
Allsups Shops & Services
1,585 visits/mo 0.4 miles

Demographics for 50703, IA

18,913
Population
8,705
Households
2.2
Avg Household Size
38
Median Age
13%
College-Educated
87%
High-School Grad
93.2 sq mi
ZIP Area
203
Density / Sq Mi
$49,412
Median Household Income
$33,105
Median Earnings
$926
Median Rent
$92,500
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Bar & Pub - M2-zoned commercial property with water availability and public sewer access.
Where is this bar & pub located?
The property is located at 328 Elm Street Waterloo, IA.
What are key features of this property?
This property features: 0.18‑acre commercial property in Waterloo; M2 zoning supports the property’s commercial classification; Frame building constructed in 1930
More about this property
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