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Industrial Property in Northeast Waterloo
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2317 Northeast Drive, Waterloo, IA 50703

Functional industrial building with ample parking and expansion potential.

Property Size9,600 SF
Price / SF$187.50
Days on Market463

Property Features for 2317 Northeast Drive

General Information

Standard status Active
Size 9,600 SF
Class A
Property subtype Industrial, Mixed Use, Special Purpose
Zoning M-2/P

Building Details

Year Built 2022
Listing Agency: Century 21 Signature Real Estate Waverly
Listed By: Tim Lalk · License #S71966000IA
Source: Crexi
Added: May 6, 2025 Changed: Aug 8 Last Checked: Aug 8 at 6:43AM

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 Century 21 Signature Real Estate Waverly

Investment Insights

Based on property information with market context.

Located in the Northeast Industrial Park in Waterloo, this property offers visibility and connectivity, with direct access to downtown and South Elk Road via Martin Luther King Drive. Constructed in 2022, the former Gray’s Transportation facility was designed as a truck service center. The building provides a functional layout suitable for various industrial uses. It features 9,600 square feet of interior space, approximately 39,000 square feet of concrete drive and parking, and newly added gravel parking to the west for expanded outdoor storage or fleet use. Key features include multiple large drive-through bays, a 600-amp three-phase electrical system, a dedicated service area, parts storage, two restrooms (one with a locker room), a private office, and a breakroom. This property is positioned as a turnkey opportunity in a prime industrial location with room for growth.

Key Highlights

  • Prime location in the heart of the Northeast Industrial Park with exceptional visibility and direct access to major thoroughfares (Martin Luther King Drive and South Elk Road).
  • Built in 2022, offering a modern, turnkey industrial space.
  • Functional layout designed as a truck service center, suitable for various industrial uses.

Property Analytics

Current Use

Truck terminals

Suggested Use

Top Pick Big Box & Wholesale Store Auto Parts Store Building Supply Discount Store Bar & Pub

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

15
Businesses Nearby

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 Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Frequently Asked Questions

What type of property is this?
Truck terminal - Functional industrial building with ample parking and expansion potential.
Where is this truck terminal located?
The property is located at 2317 Northeast Drive Waterloo, IA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Prime location in the heart of the Northeast Industrial Park with exceptional visibility and direct access to major thoroughfares (Martin Luther King Drive and South Elk Road).; Built in 2022, offering a modern, turnkey industrial space.; Functional layout designed as a truck service center, suitable for various industrial uses.
More about this property
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