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Historic Church Redevelopment Opportunity
For Sale
$89,900

415 Walnut Street, Waterloo, IA 50703

Historic church building with soaring ceilings and flexible layout, offered for redevelopment in a designated Opportunity Zone.

Property Size18,481 SF
Price / SF$4.86
Days on Market134

Property Features for 415 Walnut Street

General Information

Standard status Active
Size 18,481 SF
Property subtype Commercial
Zoning C-2

Additional Details

Opportunity Zone Yes

Amenities

0.71
18481

Building Details

Building Size 18,481 SF
Year Built 1906
Listing Agency: Urban Acres Real Estate Corridor
Listed By: Lydia Fitzgerald
Source: Pinnaclerealtyia
Added: Apr 24 Changed: Sep 3 Last Checked: Sep 4 at 2:28AM

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 Urban Acres Real Estate Corridor

Investment Insights

Based on property information with market context.

Offered for sale, this historic church building features over 20,000 square feet and soaring ceilings, with an interior layout that can support a variety of redevelopment concepts. The property is positioned for adaptive reuse, including possibilities such as housing, mixed-use, an event center, or co-working space.

Located at 415 Walnut St in Waterloo, IA 50703, the church sits in the Historic Walnut Neighborhood near small shops and multifamily, and is described as being just steps from downtown and East High School. The property is located in a designated Opportunity Zone.

Key Highlights

  • Historic church building built in 1906, offered for redevelopment in Waterloo
  • Over 20,000 sq ft of space with soaring ceilings and architectural detail
  • Flexible redevelopment possibilities for housing, mixed‑use, event center, or co‑working space

Property Analytics

Current Use

Walnut Street Baptist ... Tour Operator Walnut St./Faith Temple ... Community Center

Suggested Use

Top Pick Locksmith Catering Service Skin Care Clinic Home Appliance Store Acupuncture Pharmacy

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

947
Businesses Nearby

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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Church & religious facility - Historic church building with soaring ceilings and flexible layout, offered for redevelopment in a designated Opportunity Zone.
Where is this church & religious facility located?
The property is located at 415 Walnut Street Waterloo, IA.
What is the asking price?
The asking price for this property is $89,900.
What are key features of this property?
This property features: Historic church building built in 1906, offered for redevelopment in Waterloo; Over 20,000 sq ft of space with soaring ceilings and architectural detail; Flexible redevelopment possibilities for housing, mixed‑use, event center, or co‑working space
More about this property
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