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Former K-Mart Retail Building
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3810 University Ave, Waterloo, IA 50701

Former K-Mart store on fully reconstructed University Avenue with high visibility, easy access, and a large parking field across three parcels.

Property SizeContact for details
Days on Market119

Property Features for 3810 University Ave

General Information

Standard status Active
Property subtype Retail
Listing Agency: Miehe Commercial Real Estate
Listed By: Matt Miehe · License #B58183000
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 22 at 10:45PM

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.

This property is a former University Avenue K-Mart store consisting of three parcels, including the main building and a building located at the corner of University Avenue and Prospect Street. The offering includes redevelopment opportunities with a layout suited to retail reuse or redevelopment planning.

The site is located on fully reconstructed University Avenue and is positioned for visibility and convenient customer access. In addition, the property includes a large parking field to support day-to-day operations.

As a multi-parcel retail property with storefront buildings, the site provides flexibility for buyers evaluating redevelopment or adaptive reuse projects.

Key Highlights

  • Former University Avenue K‑Mart store on fully reconstructed University Avenue
  • Comprises 3 parcels, including the main building and a building at the corner of University Avenue and Prospect Street
  • Large parking field provides on‑site parking

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Restaurant Building Supply Big Box & Wholesale Store Law Firm Dental Office Hair Salon

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

496
Businesses Nearby
61k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 54% Shops & Services 19% Apparel 13% Home Improvements & Furnishings 11%
McDonald's Dining
16,133 visits/mo 0.1 miles
Pizza Ranch Dining
10,774 visits/mo 0.4 miles
Goodwill Apparel
7,872 visits/mo 0.5 miles
Dollar General Shops & Services
7,403 visits/mo 0.1 miles
Tractor Supply Co. Home Improvements & Furnishings
6,234 visits/mo 0.3 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
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Former K-Mart store on fully reconstructed University Avenue with high visibility, easy access, and a large parking field across three parcels.
Where is this retail space located?
The property is located at 3810 University Ave Waterloo, IA.
What are key features of this property?
This property features: Former University Avenue K‑Mart store on fully reconstructed University Avenue; Comprises 3 parcels, including the main building and a building at the corner of University Avenue and Prospect Street; Large parking field provides on‑site parking
(319) 269-6222 Call to check price and availability
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