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Freestanding Restaurant with Drive-Through
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215 E Donald Street, Waterloo, IA 50703

Standalone restaurant retail site with a drive-thru, ample parking, and direct entry and exit access in a high-traffic corridor.

Property Size3,081 SF
Lot Size1.05 Acres
Price / SF$0.01
Days on Market383

Property Features for 215 E Donald Street

General Information

Standard status Active
Size 3,081 SF
Lot size 1.05 Acres
Property subtype Commercial
Zoning C-2
Lease Type Net

Site & Location

Highway Access Yes
Road Access Yes

Taxes and HOA fees

Annual Taxes $49,722

Amenities

1.05
3081

Building Details

Building Size 3,081 SF
Year Built 2020
Listing Agency: RE/MAX Concepts - Cedar Falls
Listed By: Z Maryland
Source: Pinnaclerealtyia
Added: Aug 6, 2025 Changed: Aug 22 Last Checked: Aug 22 at 3:35AM

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 RE/MAX Concepts - Cedar Falls

Investment Insights

Based on property information with market context.

This freestanding restaurant and retail property is situated on a 1.05-acre lot and includes approximately 3,081 square feet of space. The site offers a drive-through configuration, along with ample parking and dedicated entry and exit points for straightforward circulation. The overall layout is designed to support quick-service operations while also accommodating retail use where convenient customer access matters.

The property is located on HWY 63 in a highly visible, heavily trafficked area. It is positioned among a mix of national retailers and community anchors, including UnityPoint Health Clinic, The Union’s 180-unit apartment complex, Walgreens, and Kwik Star. This surrounding tenant mix contributes to a consistent day-to-day flow of customers.

For operators and investors seeking a drive-thru capable location, the combination of direct vehicle access and nearby established businesses can support strong customer convenience. The on-site parking and separate entry and exit points are well-suited for high-volume transactions, while the freestanding format provides flexibility for a restaurant or retail concept that benefits from prominent highway exposure and easy customer approach.

Key Highlights

  • Free‑standing restaurant/retail site on a 1.05‑acre lot with 3,081 total SF
  • Built in 2020
  • Drive‑thru on the property

Property Analytics

Current Use

Burger King Restaurant

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Dental Office Grocery & Convenience 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.

Lease Details

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

599
Businesses Nearby
65k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 60% Dining 38% Hotels & Casinos 1%
Kwik Trip Shops & Services
30,218 visits/mo 0.1 miles
McDonald's Dining
15,406 visits/mo 0.3 miles
Dollar Tree Shops & Services
6,639 visits/mo 0.5 miles
Taco Bell Dining
5,956 visits/mo 0.2 miles
SUBWAY Dining
3,752 visits/mo 0.4 miles

Demographics for 50703, IA

18,913
Population
8,705
Households
2.2
Avg Household Size
38
Median Age
13%
College-Educated
87%
High-School Grad
93.2 sq mi
ZIP Area
203
Density / Sq Mi
$49,412
Median Household Income
$33,105
Median Earnings
$926
Median Rent
$92,500
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?
Drive through restaurant - Standalone restaurant retail site with a drive-thru, ample parking, and direct entry and exit access in a high-traffic corridor.
Where is this drive through restaurant located?
The property is located at 215 E Donald Street Waterloo, IA.
What are key features of this property?
This property features: Free‑standing restaurant/retail site on a 1.05‑acre lot with 3,081 total SF; Built in 2020; Drive‑thru on the property
More about this property
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