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Former Bank Drive-Through Space
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57 E Tower Park Drive, Waterloo, IA 50701

Former bank branch with three private offices, lobby, and a large canopy-supported drive-through setup.

Property Size2,295 SF
Price / SF$0.01
Days on Market387

Property Features for 57 E Tower Park Drive

General Information

Standard status Active
Size 2,295 SF
Property subtype Commercial
Zoning C-2
Lease Type Net

Taxes and HOA fees

Annual Taxes $21,460

Amenities

Tile,Carpet,Concrete
Close to Shopping
Corner Lot,City Street,Frontage Road
0.61
2295

Building Details

Building Size 2,295 SF
Year Built 1997
Stories 1
Listing Agency: Miehe Commercial Real Estate
Listed By: Angie Buck
Source: Pinnaclerealtyia
Added: Aug 1, 2025 Changed: Aug 22 Last Checked: Aug 22 at 3:50AM

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 2,295 sq. ft. commercial space is a former bank branch configured for either office or retail use. The interior includes three private offices, a dedicated breakroom, and a spacious lobby designed for client-facing traffic. A standout component is an integrated 1,008 sq. ft. canopy area that supports ready-to-use drive-through lanes, offering direct, convenient service for customers.

The property is positioned in a high-visibility location with substantial traffic counts, making it well suited for businesses that benefit from storefront presence and easy customer access. The existing drive-through infrastructure is part of the site’s overall design, supporting both walk-up and vehicle-based visits.

The layout is a practical fit for financial institution or professional service tenants seeking an office-ready environment with client reception space, while the drive-through canopy and lobby also support re-envisioning the space for modern retail concepts. If you need a facility with both interior office support and vehicle-friendly service capability, this property’s current configuration offers a straightforward starting point.

Key Highlights

  • 2,295 SF former bank branch office/retail space built in 1997
  • Integrated 1,008 SF canopy with ready‑to‑use drive‑through lanes
  • Interior includes three private offices, a dedicated breakroom, and a spacious lobby

Property Analytics

Current Use

Shazam Atm Atm

Suggested Use

Top Pick Hair Salon HVAC Service Kitchen & Bath Showroom Restaurant Nail Salon Electrical 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.

Location Intelligence

Trade Area within ½ mile

1,103
Businesses Nearby

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 Office in Midwest region

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

What type of property is this?
Bank - Former bank branch with three private offices, lobby, and a large canopy-supported drive-through setup.
Where is this bank located?
The property is located at 57 E Tower Park Drive Waterloo, IA.
What are key features of this property?
This property features: 2,295 SF former bank branch office/retail space built in 1997; Integrated 1,008 SF canopy with ready‑to‑use drive‑through lanes; Interior includes three private offices, a dedicated breakroom, and a spacious lobby
More about this property
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