Flexible Retail
New
For Lease
Contact for pricing
2840 University Avenue, Waterloo, IA 50701
Commercial Lease, Waterloo, IA
Space Size9,392 SF
Lot Size2.44 Acres
Days on Market3
Property Features for 2840 University Avenue
General Information
Property type
Commercial Lease
Property subtype
Retail
Zoning
C-2
Directions
Use Access road between Falls Ave. & Sager Ave.
Standard status
Active
APN
891321455034
Lot size
2.44 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
AS Per Abstract- KEARNS ADDITION PARCEL F OF PLAT OF SURVEY DOC #2005-07199 BEING LOTS 91 AND 92 OF SAID ADDITION AND A PART OF SW 1/4 OF SE 1/4 OF SEC 21 T 89 R 13 AND A PART OF ALLEY IN AUDITOR BARNES PLAT NO 3 DESC AS BEG NE COR OF LOT 92 KEARNS ADDITI
Tax Annual Amount
39954
Legal Description
AS Per Abstract- KEARNS ADDITION PARCEL F OF PLAT OF SURVEY DOC #2005-07199 BEING LOTS 91 AND 92 OF SAID ADDITION AND A PART OF SW 1/4 OF SE 1/4 OF SEC 21 T 89 R 13 AND A PART OF ALLEY IN AUDITOR BARNES PLAT NO 3 DESC AS BEG NE COR OF LOT 92 KEARNS ADDITI
Amenities
on-site parking
Building Details
Year built
1960
Listing Agency:
Oakridge Real Estate
(319) 277-5005
Listed By:
Stephen Jordan · License #B63146000
(319) 883-9169
Added: Sep 1
Last Checked: Sep 3 at 5:06AM
MLS# 20264194
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 retail property offers 9,392 square feet of commercial space within a flexible floor plan. The building dates to 1960 and is configured for a range of retail-oriented and commercial operations, including office, showroom, and service applications. C-2 zoning is in place, and on-site parking serves the property.
The asset occupies 2.44 acres at 2840 University Avenue in Waterloo, Iowa. Its position along University Avenue places the space within an established commercial corridor with direct site access. The property is available for lease and provides a substantial footprint for businesses requiring adaptable interior space and convenient customer or employee parking.
The asset occupies 2.44 acres at 2840 University Avenue in Waterloo, Iowa. Its position along University Avenue places the space within an established commercial corridor with direct site access. The property is available for lease and provides a substantial footprint for businesses requiring adaptable interior space and convenient customer or employee parking.
Key Highlights
- 9,392 square feet of flexible commercial space
- 2.44‑acre property at 2840 University Avenue
- C‑2 zoning
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
541
Businesses Nearby
31k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 49%
Waterloo #4
Shops & Services
11,564 visits/mo
0.3 miles
Burger King
Dining
9,597 visits/mo
0.4 miles
SUBWAY
Dining
2,890 visits/mo
0.5 miles
Pizza Hut
Dining
2,308 visits/mo
0.4 miles
Liberty Tax
Shops & Services
1,558 visits/mo
0.1 miles
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
Lease Benchmarks for Waterloo, IA
$20.48 /SF/Yr
Avg Asking Price
$1.1–$40 /SF/Yr
Price Range
12,781 SF
Avg Space Size
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Adaptable layout supports retail, office, showroom, and service uses.
Where is this retail space located?
The property is located at 2840 University Avenue Waterloo, IA.
What are key features of this property?
This property features: 9,392 square feet of flexible commercial space; 2.44‑acre property at 2840 University Avenue; C‑2 zoning
