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Property profile & analytics
OFF-MARKET
Bars & Pubs

3555 University Ave Waterloo, IA 50701-2009

5,840 SF 0.46 ac lot Built 1966
Entity Owned 10-yr Hold Absentee Owner Free & Clear
Property ID
US25-0087462
Property summary
AI-generated overview

This exceptional 5,341-square-foot retail space, formerly home to Spicoli's Bar and Grill, presents a unique opportunity for a discerning business owner. Located at 3555 University Avenue in Waterloo, Iowa, this single-tenant property boasts a prime location within Black Hawk County, zip code 50701. Built in 1966, the entire building is currently vacant, offering a blank canvas for your vision. The property's substantial size allows for a wide range of retail concepts, from restaurants and bars to specialty stores or other commercial ventures. Its strategic placement on University Avenue ensures high visibility and accessibility, attracting significant foot traffic. The property's existing infrastructure provides a solid foundation for immediate occupancy, minimizing upfront renovation costs. This is an exceptional chance to establish a thriving business in a vibrant and well-established community. The property is classified as retail commercial and offers a single tenancy. Detailed building plans and specifications are available upon request. Don't miss this opportunity to secure a prominent location in Waterloo, Iowa.

Property profile
Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1966
Total area 5,840 SF
Lot 0.46 ac (19,994 SF)
APN 8913-21-351-025
UPID US25-0087462
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Cardtronics Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
13 Associates LLC · 10 yrs held
13 Associates LLC
since 2015
1 recorded transaction
2015
$240,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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