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Retail Banking Building with Drive-Thru
For Sale
$535,000

2532 Crossroads Boulevard, Waterloo, IA 50702

Standalone retail banking building includes a drive-thru canopy and large paved outdoor area for flexible retail use.

Property Size6,714 SF
Lot Size2.50 Acres
Price / SF$79.68
Days on Market676

Property Features for 2532 Crossroads Boulevard

General Information

Standard status Active
Size 6,714 SF
Lot size 2.50 Acres
Property subtype Commercial
Zoning S-1

Taxes and HOA fees

Annual Taxes $13,800

Amenities

2.5
6714

Building Details

Building Size 6,714 SF
Year Built 1970
Listing Agency: Robertson Real Estate Inc
Listed By: Jaime Hymer
Source: Pinnaclerealtyia
Added: Oct 10, 2024 Changed: Aug 16 Last Checked: Aug 16 at 3:23AM

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 Robertson Real Estate Inc

Investment Insights

Based on property information with market context.

The property consists of a retail banking building totaling 6,714 SF, built to support walk-in and drive-thru service. The site includes a drive-thru canopy and a prominent pole sign, with over 65,000 SF of paved area designed to accommodate customer access and parking needs. The asset is positioned as part of the Crossroads Mall area redevelopment.

The location is directly next to Marcus Theatres, which places the property within an active retail environment as redevelopment work is underway. The offering is described as an exceptional retail setting, supported by the property’s visibility and the size of the paved lot.

For buyers and operators seeking a retail-oriented site, the combination of a drive-thru canopy, strong signage, and substantial paved area supports a range of storefront and service uses. The building’s existing retail banking configuration may be well-suited for concepts that benefit from customer-facing frontage and convenient vehicle access, while redevelopment use is also noted as a possibility given the property’s context within the larger mall area.

Key Highlights

  • 2.5‑acre standalone retail banking building with 6,714 SF of building area
  • Drive‑thru canopy included for customer access
  • Large paved outdoor area totaling over 65,000 SF

Property Analytics

Current Use

Banks

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Parking Lot & Garage Storage Facility Big Box & Wholesale Store

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

491
Businesses Nearby
578k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 30% Shops & Services 23% Apparel 14% Superstores 14%
Target Superstores
80,027 visits/mo 0.5 miles
Hy-Vee Groceries
53,742 visits/mo 0.5 miles
T.J. Maxx Apparel
45,474 visits/mo 0.4 miles
Kwik Trip Shops & Services
41,329 visits/mo 0.4 miles
DICK'S Sporting Goods Apparel
27,956 visits/mo 0.5 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

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?
Bank - Standalone retail banking building includes a drive-thru canopy and large paved outdoor area for flexible retail use.
Where is this bank located?
The property is located at 2532 Crossroads Boulevard Waterloo, IA.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: 2.5‑acre standalone retail banking building with 6,714 SF of building area; Drive‑thru canopy included for customer access; Large paved outdoor area totaling over 65,000 SF
More about this property
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