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Retail Suite with Covered Patio
For Lease
$20 SF/Yr

2027 Crossroads Boulevard Unit A, Waterloo, IA 50702

Former restaurant space features a covered patio alongside its retail area.

Space Size5,364 SF
Property Size14,040 SF
Days on Market358

Property Features for 2027 Crossroads Boulevard Unit A

General Information

Standard status Active
Size 5,364 SF
Net Rentable 5,364 SF
Property subtype Retail

Space & Availability

Available Space 5,364 SF
Contiguous Space 5,364 SF
Space Use Restaurant

Lease Terms

TI Allowance $100,000
Lease Term 60 months

Site & Location

Anchor Co-Tenants All About Eyes, Sport Clips, Cricket Wireless
Traffic Count 20,600 vehicles/day
Highway Access Yes
Road Access Yes

Taxes and HOA fees

Annual Taxes $98,620

Amenities

covered patio

Building Details

Building Size 14,040 SF
Year Built 2013
Tenancy Multi
Listing Agency: Miehe Commercial Real Estate
Listed By: Matt Miehe, CCIM · License #B58183000
Source: Karensteffeshomes
Added: Nov 3, 2025 Changed: Oct 26 Last Checked: Oct 26 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 Miehe Commercial Real Estate

Rey
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Investment Insights

Based on property information with market context.

This retail suite at 2027 Crossroads Boulevard, Unit E, was previously used as a restaurant and includes a covered patio. The property was built in 2013. Current co-tenants include All About Eyes, Sport Clips, and Cricket Wireless.

The suite is near the I-380 and San Marnan Drive corridor, where San Marnan Drive carries 20,600 vehicles per day. Retailers in the surrounding shopping area include Dick’s Sporting Goods, TJ Maxx, Hobby Lobby, Shoe Carnival, PetSmart, Barnes & Noble, Best Buy, Hy-Vee, Target, and Walmart.

Key Highlights

  • Covered patio measures 1,064 SF
  • San Marnan Drive traffic: 20,600 vehicles per day
  • Built in 2013

Property Analytics

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Current Use

All About Eyes ... Ophthalmologist Hallie Kuchera Physician Cricket Wireless Authorized ... Mobile Phone Store Sport Clips Haircuts ... Barber Shop

Suggested Use

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

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

20,600 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$3.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

579
Businesses Nearby
541k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 43% Shops & Services 21% Apparel 15% Superstores 15%
Target Superstores
80,027 visits/mo 0.3 miles
T.J. Maxx Apparel
45,474 visits/mo 0.4 miles
Kwik Trip Shops & Services
41,329 visits/mo 0.0 miles
DICK'S Sporting Goods Apparel
27,956 visits/mo 0.5 miles
McDonald's Dining
25,439 visits/mo 0.2 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

Lease Benchmarks for Waterloo, IA

$22.4 /SF/Yr
Avg Asking Price
$12–$40 /SF/Yr
Price Range
14,849 SF
Avg Space Size

This space is priced 11% below the average of $22.4 /SF/Yr.

Vacancy Rate% for Retail in Midwest region

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

Frequently Asked Questions

What type of property is this?
Retail space - Former restaurant space features a covered patio alongside its retail area.
Where is this retail space located?
The property is located at 2027 Crossroads Boulevard Unit A Waterloo, IA.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: Covered patio measures 1,064 SF; San Marnan Drive traffic: 20,600 vehicles per day; Built in 2013
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