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Turn-Key Restaurant For Lease
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3280 University Ave, Waterloo, IA 50701

Restaurant available for lease on University Ave, Waterloo, IA.

Space Size5,008 SF
Days on Market1385

Property Features for 3280 University Ave

General Information

Standard status Active
Size 5,008 SF
Property subtype Retail

Building Details

Building Size 5,008 SF
Year Built 1978
Tenancy Single

Spaces For Lease

at 3280 University Ave Contact us

3280 University Ave Waterloo IA

Size
5,008 SF
Type
Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: NAI Iowa Realty Commercial - Cedar Rapids
Listed By: Jeremy Tipton · License #IA B59800000
Source: Crexi
Added: Nov 14, 2022 Changed: Aug 26 Last Checked: Aug 25 at 10:47PM

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 NAI Iowa Realty Commercial - Cedar Rapids

Investment Insights

Based on property information with market context.

This turn-key restaurant is available for lease. It is located on University Ave, east of Green Hill Road, in Waterloo, Iowa.

Key Highlights

  • Turn‑Key Restaurant ready for immediate operation.
  • For Lease, offering a great opportunity.
  • Located on University Ave, providing excellent visibility.

Property Analytics

Current Use

Mike's Diner Restaurant

Suggested Use

Top Pick Law Firm Dental Office Restaurant Building Supply Grocery & Convenience Store HVAC Service

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

Location Intelligence

Trade Area within ½ mile

437
Businesses Nearby
32k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 51% Shops & Services 47% Home Improvements & Furnishings 2%
McDonald's Dining
16,133 visits/mo 0.4 miles
Waterloo #4 Shops & Services
11,564 visits/mo 0.2 miles
U-Haul Shops & Services
1,950 visits/mo 0.4 miles
First Interstate Bank Shops & Services
977 visits/mo 0.4 miles
Ferguson Home Improvements & Furnishings
709 visits/mo 0.4 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

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Restaurant available for lease on University Ave, Waterloo, IA.
Where is this conventional restaurant located?
The property is located at 3280 University Ave Waterloo, IA.
What are key features of this property?
This property features: Turn‑Key Restaurant ready for immediate operation.; For Lease, offering a great opportunity.; Located on University Ave, providing excellent visibility.
(319) 363-2337 Call to check price and availability
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