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Renovated Retail-Office Suites
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425 Franklin Street, Waterloo, IA 50703

Two newly renovated suites offer large front windows and flexible retail or office use near downtown Waterloo.

Property Size14,874 SF
Price / SF$0.01
Days on Market714

Property Features for 425 Franklin Street

General Information

Standard status Active
Size 14,874 SF
Property subtype Commercial
Zoning C-2
Lease Type Gross

Additional Details

Office Units 2

Taxes and HOA fees

Annual Taxes $5,740

Amenities

0.55
14874

Building Details

Building Size 14,874 SF
Year Built 1923
Listing Agency: Skogman Realty Co.
Listed By: Karrie Schultz
Source: Pinnaclerealtyia
Added: Sep 4, 2024 Changed: Aug 17 Last Checked: Aug 17 at 4:07AM

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 Co.

Investment Insights

Based on property information with market context.

The property consists of two newly renovated retail/office suites. Each unit features large front-facing windows designed to bring in natural light and support a strong streetscape presence.

The suites are located directly across from Lincoln Park in downtown Waterloo. Nearby businesses include KWWL, Waterloo City Hall, Black Hawk County Courthouse, and the Waterloo Elks Club, placing the property among established civic and media-adjacent activity.

With retail space and office functionality both represented in the current configuration, the property may suit users who need a downtown storefront look while maintaining the option to operate as professional offices. The large window frontage can support customer-facing environments, and the description notes potential drive-thru opportunity for appropriate concepts.

Key Highlights

  • Two newly renovated retail/office suites in Downtown Waterloo, directly across from Lincoln Park
  • 0.55‑acre lot with 14,874 total building area
  • Large front‑facing windows in both suites provide natural light

Property Analytics

Current Use

Waterloo Sewer Systems ... City Government Office

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.

Lease Details

2
Office units

Location Intelligence

Trade Area within ½ mile

812
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?
Retail space - Two newly renovated suites offer large front windows and flexible retail or office use near downtown Waterloo.
Where is this retail space located?
The property is located at 425 Franklin Street Waterloo, IA.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: Two newly renovated retail/office suites in Downtown Waterloo, directly across from Lincoln Park; 0.55‑acre lot with 14,874 total building area; Large front‑facing windows in both suites provide natural light
More about this property
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