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Vacant Bar and Storage Property
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328 Elm Street, Waterloo, IA 50703

Previously used as a bar and storage site, now vacant and sold as-is for redevelopment or operational reuse.

Property Size780 SF
Price / SF$31.41
Days on Market148

Property Features for 328 Elm Street

General Information

Standard status Active
Size 780 SF
Property subtype Commercial
Zoning M2

Taxes and HOA fees

Annual Taxes $832

Amenities

Other
Corner Lot
0.18
780

Building Details

Building Size 780 SF
Year Built 1930
Stories 1
Listing Agency: SKOGMAN REALTY
Listed By: Melissa Redinbaugh
Source: Pinnaclerealtyia
Added: Mar 31 Changed: Aug 25 Last Checked: Aug 25 at 5:22AM

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 SKOGMAN REALTY

Investment Insights

Based on property information with market context.

The property is a commercial site that has been used as storage and is currently vacant. The prior business operation was Fortunes Bar. The seller represents the sale as-is, with noted vandalism including copper removal.

The property is situated adjoining several non-profit organizations, including Operation Threshold and Waterloo Women’s Center for Change, along with a food bank and city-owned properties. The lot extends across Elm Street.

With the building and site being vacant, this offering may suit buyers looking for a straightforward repositioning project or storage-focused use, subject to applicable approvals and restoration needs following prior conditions. Prospective purchasers should plan for due diligence related to the property’s current condition, site security, and any required repairs or permitting before reuse.

Key Highlights

  • 0.18‑acre corner lot with approximately 780 total building area
  • Built in 1930; selling as‑is with co‑owner noted in remarks
  • Previously used as a bar and storage site; currently vacant

Property Analytics

Current Use

Bars & Pubs

Suggested Use

Top Pick Pharmacy Big Box & Wholesale Store Real Estate Agency Skin Care Clinic Gym & Fitness Center Storage Facility

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

538
Businesses Nearby
8k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Veridian Credit Union Shops & Services
4,869 visits/mo 0.1 miles
Advance Auto Parts Shops & Services
1,645 visits/mo 0.2 miles
Allsups Shops & Services
1,585 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?
Bar & Pub - Previously used as a bar and storage site, now vacant and sold as-is for redevelopment or operational reuse.
Where is this bar & pub located?
The property is located at 328 Elm Street Waterloo, IA.
What are key features of this property?
This property features: 0.18‑acre corner lot with approximately 780 total building area; Built in 1930; selling as‑is with co‑owner noted in remarks; Previously used as a bar and storage site; currently vacant
More about this property
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