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Corner Restaurant Building
For Sale
$175,000
Pending

504 Riehl St, Waterloo, IA 50703

Open commercial layout with kitchen infrastructure, office space, restrooms, and off-street parking across from Kwik Star.

Property Size2,996 SF
Days on Market8

Property Features for 504 Riehl St

General Information

Standard status Pending
Size 2,996 SF

Building Details

Year Built 1976
Listing Agency: Oakridge Real Estate
Listed By: Sara Junaid · License #S6072200
Source: Kwlegacyrealty
Added: Aug 22 Changed: Aug 29 Last Checked: Aug 29 at 3:52PM

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 Oakridge Real Estate

Investment Insights

Based on property information with market context.

This 2,996-square-foot restaurant building was constructed in 1976 and occupies a corner lot at 504 Riehl St. in Waterloo. The interior features an open configuration supported by two bathrooms, dedicated office space, and a kitchen equipped with a hood, sinks, and select appliances.

The property sits directly across from Kwik Star, providing a defined commercial setting and strong exposure from its corner position. Ample off-street parking serves the building, while the flexible interior can accommodate restaurant operations or other commercial uses identified for the property, including retail, office, service, fitness, and storage applications.

Key Highlights

  • 2,996 SF commercial restaurant building on a corner lot
  • Directly across from Kwik Star in Waterloo
  • Kitchen includes hood, sinks, and select appliances

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail 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

192
Businesses Nearby
16k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Kwik Trip Shops & Services
10,267 visits/mo 0.0 miles
Family Dollar Shops & Services
3,972 visits/mo 0.1 miles
BP Shops & Services
2,120 visits/mo 0.1 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
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Open commercial layout with kitchen infrastructure, office space, restrooms, and off-street parking across from Kwik Star.
Where is this conventional restaurant located?
The property is located at 504 Riehl St Waterloo, IA.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 2,996 SF commercial restaurant building on a corner lot; Directly across from Kwik Star in Waterloo; Kitchen includes hood, sinks, and select appliances
More about this property
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