Retail Shell
For Lease
$20 SF/Yr
2060 Sovia Drive, Waterloo, IA 50702
Commercial Lease, Waterloo, IA
Space Size1,800 SF
Lot Size10.62 Acres
Days on Market436
Property Features for 2060 Sovia Drive
General Information
Property type
Commercial Lease
Property subtype
Retail
Zoning
C-2
Directions
Off of Sovia Drive in Waterloo
Standard status
Active
APN
881302201016
Lot size
10.62 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
CROSSROADS RETAIL CENTER ADDN LOT H
Tax Annual Amount
339098
Legal Description
CROSSROADS RETAIL CENTER ADDN LOT H
Amenities
large parking area
Building Details
Year built
1975
Listing Agency:
Lockard Realty Company
(319) 277-8000
Listed By:
Lindsey McEnaney
(563) 419-7644
Added: Aug 20, 2025
Changed: Oct 28
Last Checked: Oct 29 at 3:06AM
MLS# 20254028
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.
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Investment Insights
Based on property information with market context.
This 1,800-square-foot retail suite is located in Crossing Point Plaza in Waterloo. Delivered as a shell, the space allows a tenant to plan an interior layout for retail, office, or service use. The property is zoned C-2, and tenant improvement assistance may be available subject to tenant qualifications and lease terms.
The plaza is on East San Marnan Drive near the I-380 and US 218 interchange. Existing co-tenants include Planet Fitness, Iowa DOT, Diamond Nails, and One Vision. Target, Kwik Star, and CVS are among the nearby retail anchors, and the plaza has a large parking area.
The plaza is on East San Marnan Drive near the I-380 and US 218 interchange. Existing co-tenants include Planet Fitness, Iowa DOT, Diamond Nails, and One Vision. Target, Kwik Star, and CVS are among the nearby retail anchors, and the plaza has a large parking area.
Key Highlights
- 1,800 square feet of retail space
- Shell condition allows a custom interior buildout
- C‑2 zoning
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$3.00 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
535
Businesses Nearby
417k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 22%
Superstores 19%
Home Improvements & Furnishings 3%
Target
Superstores
80,027 visits/mo
0.2 miles
Kwik Trip
Shops & Services
41,329 visits/mo
0.2 miles
McDonald's
Dining
25,439 visits/mo
0.2 miles
Hobby Lobby
Shops & Services
21,533 visits/mo
0.5 miles
Olive Garden
Dining
20,821 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Waterloo, IA
$20.78 /SF/Yr
Avg Asking Price
$6–$40 /SF/Yr
Price Range
13,907 SF
Avg Space Size
This space is priced 4% below the average of $20.78 /SF/Yr.
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - The unfinished interior can be configured for retail, office, or service operations.
Where is this retail space located?
The property is located at 2060 Sovia Drive Waterloo, IA.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: 1,800 square feet of retail space; Shell condition allows a custom interior buildout; C‑2 zoning
