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High-Traffic Former Bank Location
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57 E Tower Park Dr, Waterloo, IA 50701

Former bank space with high visibility in Waterloo, Iowa.

Space Size2,295 SF
Days on Market1139

Property Features for 57 E Tower Park Dr

General Information

Standard status Active
Size 2,295 SF
Property subtype Retail, Office
Lease Type NNN

Building Details

Building Size 2,295 SF
Year Built 1997
Tenancy Single

Spaces For Lease

at 57 E Tower Park Dr Contact us

Available Space

Size
2,295 SF
Type
Office, Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: The Fischels Group
Listed By: Chris Fischels · License #IA B44779000
Source: Crexi
Added: Jul 19, 2023 Changed: Aug 14 Last Checked: Aug 29 at 12:35AM

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 The Fischels Group

Investment Insights

Based on property information with market context.

This commercial property, formerly a bank, offers a rare opportunity in a high-traffic location with excellent visibility. The existing setup is particularly well-suited for a bank or credit union. The property is located in Waterloo, Iowa.

Key Highlights

  • High traffic location
  • Great visibility
  • Former bank location, ideal setup for bank/credit union

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.

Lease Details

NNN (Triple Net)
Lease Type
$4.95 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,103
Businesses Nearby
276k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 30% Superstores 29% Shops & Services 25% Home Improvements & Furnishings 8%
Sam's Club Superstores
79,678 visits/mo 0.2 miles
Culver's Dining
25,660 visits/mo 0.1 miles
Sam's Club Gas Station Shops & Services
22,821 visits/mo 0.2 miles
McDonald's Dining
22,637 visits/mo 0.2 miles
Fareway Groceries
19,719 visits/mo 0.2 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
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Frequently Asked Questions

What type of property is this?
Bank - Former bank space with high visibility in Waterloo, Iowa.
Where is this bank located?
The property is located at 57 E Tower Park Dr Waterloo, IA.
What is the lease rate?
The lease rate is $33 SF/Yr.
What are key features of this property?
This property features: High traffic location; Great visibility; Former bank location, ideal setup for bank/credit union
(319) 234-5000 Call to check price and availability
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