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Bank Building with Drive-Through
For Lease
$7 SF/Yr

2532 Crossroads Boulevard, Waterloo, IA 50702

Existing banking space includes a drive-through canopy, pole sign, and extensive paved surface.

Space Size6,714 SF
Lot Size2.50 Acres
Days on Market669

Property Features for 2532 Crossroads Boulevard

General Information

Standard status Active
Size 6,714 SF
Net Rentable 6,714 SF
Lot size 2.50 Acres
Zoning S-1
Lease Type /mo

Space & Availability

Available Space 6,714 SF
Available Land 2.50 Acres
Contiguous Space 6,714 SF
Space Use Retail

Additional Details

Land Use retail

Taxes and HOA fees

Annual Taxes $12,944

Amenities

drive-thru canopy
pole sign

Building Details

Building Size 6,714 SF
Year Built 1970
Buildings 1
Listing Agency: Miehe Commercial Real Estate
Listed By: Matt Miehe, CCIM · License #B58183000
Source: Sweeneyrealestate
Added: Oct 10, 2024 Changed: Aug 8 Last Checked: Aug 8 at 1:08PM

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

Investment Insights

Based on property information with market context.

The property includes a 6,714 SF retail banking building constructed in 1970, with a drive-through canopy and prominent pole signage. More than 65,000 SF of hard surface pavement supports the existing site configuration, which occupies 2.5 acres and is zoned S-1.

Located at Crossroads Mall, the property is next to Marcus Theatres and offers an established commercial setting in Waterloo. The existing improvements and substantial paved area provide a defined foundation for continued banking use or future redevelopment, subject to applicable approvals and lease terms.

Key Highlights

  • 2.5‑acre site at Crossroads Mall
  • 6,714 SF retail banking building constructed in 1970
  • Drive‑through canopy included with the banking facility

Property Analytics

Current Use

Banks

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Parking Lot & Garage Storage Facility Big Box & Wholesale 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

NNN (Triple Net)
Lease Type
$1.05 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

491
Businesses Nearby
578k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 30% Shops & Services 23% Apparel 14% Superstores 14%
Target Superstores
80,027 visits/mo 0.5 miles
Hy-Vee Groceries
53,742 visits/mo 0.5 miles
T.J. Maxx Apparel
45,474 visits/mo 0.4 miles
Kwik Trip Shops & Services
41,329 visits/mo 0.4 miles
DICK'S Sporting Goods Apparel
27,956 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

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?
Bank - Existing banking space includes a drive-through canopy, pole sign, and extensive paved surface.
Where is this bank located?
The property is located at 2532 Crossroads Boulevard Waterloo, IA.
What is the lease rate?
The lease rate is $7 SF/Yr.
What are key features of this property?
This property features: 2.5‑acre site at Crossroads Mall; 6,714 SF retail banking building constructed in 1970; Drive‑through canopy included with the banking facility
More about this property
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