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Flex Space with Fenced Lot
For Sale
$279,900

2021 Commercial Street, Waterloo, IA 50702

Commercial Sale, Waterloo, IA

Property SizeContact for details
Lot Size0.39 Acres
Days on Market93

Property Features for 2021 Commercial Street

General Information

Property type Commercial Sale
Property subtype Office
Zoning M-1
Directions Use google maps
Standard status Active
APN 891325458004
Lot size 0.39 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description HAYES ADDITION LOT 9 BLK 14 LOT 10 BLK 14
Tax Annual Amount 2093
Legal Description HAYES ADDITION LOT 9 BLK 14 LOT 10 BLK 14

Building Details

Year built 2009
Listing Agency: Century 21 Signature Real Estate-Waverly · Century 21 Real Estate
Listed By: Timothy Lalk · License #S71966000
Added: May 29 Changed: Aug 19 Last Checked: Aug 29 at 7:06PM
MLS# 20262374

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 M-1-zoned flex property occupies 0.39 acres and was constructed in 2009. The site includes a fenced lot, two large overhead doors, and dual driveways that support vehicle circulation and access to the building. The configuration suits contractor operations, service businesses, or storage uses.

Positioned just off 218 in Waterloo, the property offers direct route access and a commercial setting for businesses requiring a combination of enclosed space and secured outdoor area. Its industrial zoning and existing overhead-door improvements provide a functional foundation for a range of operational needs.

Key Highlights

  • 0.39‑acre M‑1‑zoned flex property
  • Constructed in 2009
  • Fenced lot for secured outdoor storage or operations

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Pharmacy Big Box & Wholesale Store HVAC Service

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

Yes
Fenced yard
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

365
Businesses Nearby
Under-served
Demand for This Use

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 Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

  • Meaders Mobile Munchies 1121 Commercial St, Waterloo, IA 50702

Frequently Asked Questions

What type of property is this?
Flex space - Built in 2009 with a secured outdoor area, multiple access points, and convenient connectivity to 218.
Where is this flex space located?
The property is located at 2021 Commercial Street Waterloo, IA.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: 0.39‑acre M‑1‑zoned flex property; Constructed in 2009; Fenced lot for secured outdoor storage or operations
More about this property
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