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Renovated Storefront Suite
For Sale
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2101 Falls Avenue, Waterloo, IA 50701

COMMERCIAL - Waterloo, IA

Property Size840 SF
Lot Size0.12 Acres
Price / SF$1.01
Days on Market97

Property Features for 2101 Falls Avenue

General Information

Property type Commercial Sale
Property subtype Office
Zoning c
Directions Between Fletcher and Ansborough on Falls Ave
Standard status Active
APN 891322356006
Lot size 0.12 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description see abstract
Tax Annual Amount 2479
Legal Description see abstract

Amenities

front window
professional front office area
flexible floor plan
new flooring
fresh paint
LED lighting
updated bathroom
side door
basement storage
central air conditioning
boiler heating
signage opportunity

Building Details

Year built 1951
Listing Agency: Berkshire Hathaway Home Services One Realty Centre · Berkshire Hathaway HomeServices
Listed By: Jared Hottle · License #S68688000
Added: May 18 Changed: Aug 18 Last Checked: Aug 22 at 11:06AM
MLS# 20262160

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 840 SF storefront suite occupies a corner position at Magnolia Parkway and Falls Avenue in central Waterloo. The interior combines a professional front office with a large adaptable floor plan that can support retail, office, or service use. Recent improvements include new flooring, fresh paint and texture, LED lighting, a new front window, and a fully updated bathroom. Central AC and an efficient boiler system provide year-round climate control, while a side entrance supports deliveries and a basement adds substantial storage capacity.

The property offers prominent signage exposure at an intersection with traffic exceeding 3,000 cars per day. Ample parking is available, and the surrounding area includes new housing development and ongoing commercial construction. The building was constructed in 1951 and is zoned c.

Key Highlights

  • 840 SF renovated storefront suite
  • Corner location at Magnolia Parkway and Falls Avenue
  • Traffic exceeding 3,000 cars per day

Property Analytics

Current Use

New Century Telecommunications Telecommunications Service Rack Temple Hosting ... Data Center

Suggested Use

Top Pick Law Firm Dental Office (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Grocery & Convenience Store Locksmith

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

456
Businesses Nearby
Under-served
Demand for This Use

Demographics for 50701, IA

29,806
Population
14,530
Households
2.1
Avg Household Size
39
Median Age
30%
College-Educated
95%
High-School Grad
79.1 sq mi
ZIP Area
377
Density / Sq Mi
$62,857
Median Household Income
$41,464
Median Earnings
$846
Median Rent
$183,400
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Storefront property - Flexible commercial layout with updated finishes, a street-facing window, side delivery access, and basement storage.
Where is this storefront property located?
The property is located at 2101 Falls Avenue Waterloo, IA.
What are key features of this property?
This property features: 840 SF renovated storefront suite; Corner location at Magnolia Parkway and Falls Avenue; Traffic exceeding 3,000 cars per day
More about this property
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