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End-Cap Retail Suite
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1021 Peoples Square, Waterloo, IA 50702

An open-shell layout includes HVAC, one restroom, and utility availability for tenant improvements.

Property Size7,200 SF
Price / SF$0.01
Days on Market3

Property Features for 1021 Peoples Square

General Information

Standard status Active
Size 7,200 SF
Property subtype Commercial
Zoning C1 C2
Lease Type Net

Site & Location

Corner Location Yes
End Cap Yes
Anchor Co-Tenants Jersey Mike’s, Tropical Smoothie Cafe, Wingstop, Cost Cutters
Traffic Count 30,000 vehicles/day
Road Access Yes
Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $9,518

Amenities

Open Shell Layout
High Ceilings
Large Storefront Windows & Natural Light
Existing HVAC
Utilities Available
One Existing Restroom
ADA-Accessible Parking
Exterior Façade Improvements Underway
0.23
7200

Building Details

Building Size 7,200 SF
Year Built 1997
Listing Agency: Lepic-Kroeger, REALTORS
Listed By: Ali Fortin
Source: Pinnaclerealtyia
Added: Oct 7 Last Checked: Oct 7 at 2:33PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lepic-Kroeger, REALTORS

Investment Insights

Based on property information with market context.

This 2,400-square-foot end-cap retail space has an open-shell layout, high ceilings, large storefront windows, and natural light. Existing improvements include HVAC and one restroom; utilities are available. The property also offers ADA-accessible parking, an opportunity for building signage, and potential for an outdoor patio. Exterior façade work is underway. The space is immediately available, with a preferred lease term of 10 years. Zoning is C1 and C2.

The property sits at the signalized intersection of San Marnan Drive and Kimball Avenue in Waterloo, where combined traffic is approximately 30,000+ vehicles per day. Multiple access points serve the site. Nearby businesses include Jersey Mike’s, Tropical Smoothie Cafe, Wingstop, and Cost Cutters; surrounding destinations include Sam’s Club, Fareway, McDonald’s, Culver’s, Casey’s, and Four Queens. Residential neighborhoods, Waterloo West High School, medical facilities, and professional offices are also in the area.

Key Highlights

  • 2,400 SF end‑cap retail suite
  • Open‑shell plan with high ceilings, large storefront windows, and natural light
  • Signalized corner at San Marnan Drive and Kimball Avenue; approximately 30,000+ vehicles per day combined

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Restaurant Building Supply Real Estate Agency Auto Repair Shop Big Box & Wholesale Store Hair Salon

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

Lease Details

30,000 VPD
Traffic count
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

691
Businesses Nearby
252k
Monthly Visits Nearby

Foot Traffic Nearby

Superstores 32% Dining 31% Shops & Services 28% Groceries 8%
Sam's Club Superstores
79,678 visits/mo 0.5 miles
Culver's Dining
25,660 visits/mo 0.4 miles
Sam's Club Gas Station Shops & Services
22,821 visits/mo 0.4 miles
McDonald's Dining
22,637 visits/mo 0.1 miles
Fareway Groceries
19,719 visits/mo 0.0 miles

Demographics for 50702, IA

20,447
Population
9,722
Households
2.1
Avg Household Size
37
Median Age
21%
College-Educated
89%
High-School Grad
9.8 sq mi
ZIP Area
2,086
Density / Sq Mi
$59,784
Median Household Income
$38,826
Median Earnings
$926
Median Rent
$145,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

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

What type of property is this?
Retail space - An open-shell layout includes HVAC, one restroom, and utility availability for tenant improvements.
Where is this retail space located?
The property is located at 1021 Peoples Square Waterloo, IA.
What are key features of this property?
This property features: 2,400 SF end‑cap retail suite; Open‑shell plan with high ceilings, large storefront windows, and natural light; Signalized corner at San Marnan Drive and Kimball Avenue; approximately 30,000+ vehicles per day combined
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