Restaurant

Waterloo, IA Restaurants for Lease

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Cedar Falls, IA Evansdale, IA Raymond, IA Hudson, IA La Porte City, IA Laporte City, IA Waverly, IA Shell Rock, IA
Equipped Commercial Kitchen Space
Updated: Aug 18
Equipped Commercial Kitchen Space

910 W 5th St, Waterloo, IA 50702

$2,250/Mo
5,625 sqft
Approximately 5,625 square feet in a multi‑tenant strip center
Fully equipped commercial kitchen with walk‑in coolers
Existing hood system and restaurant improvements
Functional layout suited to restaurant, food service, or hospitality operations
Large shared parking area
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Free-Standing Restaurant with Drive-Thru
Updated: Jul 20
Free-Standing Restaurant with Drive-Thru

215 E Donald St, Waterloo, IA 50703

$33 SF/Yr
3,081 sqft 1.05 AC lot
Free‑standing restaurant/retail space built in 2020
Located on a 1.05‑acre lot with approximately 3,081 SF building area
Drive‑thru available for quick‑service operations
Ample parking with dedicated entry and exit points
Situated along HWY 63 in a heavily trafficked, highly visible area
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Restaurant with Drive-Up Window
Restaurant with Drive-Up Window

2040 Kimball Ave, Waterloo, IA 50702

$14 SF/Yr

Freestanding restaurant space with a spacious dine-in area and a convenient drive-up window for customer access.

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Bar and Entertainment Venue
Bar and Entertainment Venue

303 W FOURTH ST, Waterloo, IA 50701

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Lease opportunity for a bar and entertainment space along the W 4th Street corridor.

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Turn-Key Restaurant For Lease
Turn-Key Restaurant For Lease

3280 University Ave, Waterloo, IA 50701

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Restaurant available for lease on University Ave, Waterloo, IA.

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Based on your search, we've compiled 23 Potential Opportunities for your consideration. Besides 5 Active listings in Waterloo, IA, we suggest exploring alternatives. Consider Similar 4 Spaces in Nearby Cities, and Similar 14 Properties for Sales.

Restaurants for Lease in Nearby Cities

Here are 4 Similar Spaces we found in Nearby Locations for your consideration.

Restaurant Space with Equipped Kitchen
Restaurant Space with Equipped Kitchen

2214 College St, Cedar Falls, IA 50613

$3,500/Mo
1,946 sqft

For-lease restaurant space with existing kitchen equipment and access to a busy corridor with 6,300 traffic count.

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Retail Space with Drive-Through
Retail Space with Drive-Through

101-1802 4th St Sw, Waverly, IA 50677

$15 SF/Yr
1,800 sqft

Flexible retail suite offering drive-through access and a build-to-suit interior configuration.

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Freestanding Drive-Through Restaurant
Freestanding Drive-Through Restaurant

3401 E Avenue NW, Cedar Rapids, IA 52402

Contact for pricing
2,927 sqft 1.17 AC lot

Substantially built-out restaurant with dedicated vehicle service infrastructure and prominent roadside signage.

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Drive-Through Retail Restaurant Site
Drive-Through Retail Restaurant Site

2615 Blairs Ferry Road Northeast, Cedar Rapids, IA 52402

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A drive-thru-ready restaurant building positioned on a heavily traveled Cedar Rapids retail corridor.

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Similar Spaces for Sale in Waterloo, IA

Consider Similar Space for Sale. We found 14 Spaces matching your search parameters.

Multi-Tenant Shopping Center
Multi-Tenant Shopping Center

106 Brookeridge Drive, Waterloo, IA 50702

$999,000
0.91 AC lot

Fully leased retail center with UPS and restaurant tenancy in an established commercial corridor.

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Equipped Conventional Restaurant Space
Equipped Conventional Restaurant Space

910 W 5th Street, Waterloo, IA 50702

Contact for pricing
5,625 sqft

Restaurant space in a multi-tenant center with commercial kitchen equipment and shared parking.

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Downtown Waterloo Bar/Entertainment Space
Downtown Waterloo Bar/Entertainment Space

303 W 4th Street, Waterloo, IA 50701

$189,900
1,797 sqft

High-visibility bar and entertainment space in revitalized downtown Waterloo.

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Restaurant Space with Drive-Up Window
Restaurant Space with Drive-Up Window

2040 Kimball Avenue, Waterloo, IA 50701

Contact for pricing
2,100 sqft

Restaurant space in a shopping center with a spacious dine-in area, private meeting room, office, and drive-up window.

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Vacant Bar and Storage Property
Vacant Bar and Storage Property

328 Elm Street, Waterloo, IA 50703

Contact for pricing
780 sqft

Previously used as a bar and storage site, now vacant and sold as-is for redevelopment or operational reuse.

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Updated Bar and Restaurant Inn
Updated Bar and Restaurant Inn

306 Park Road, Waterloo, IA 50703

$122,000
1,920 sqft

Park Road Inn offers an updated bar and restaurant with karaoke two times per week and an added parking parcel.

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Corner Restaurant Building
Corner Restaurant Building

504 Riehl St, Waterloo, IA 50703

$175,000
2,996 sqft

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

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Corner Restaurant Building
Corner Restaurant Building

504 Riehl Street, Waterloo, IA 50703

$175,000
0.55 AC lot

Open interior with kitchen infrastructure, two restrooms, office space, and off-street parking.

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Fully Leased Multi-Tenant Retail
Fully Leased Multi-Tenant Retail

106 Brookeridge Drive, Waterloo, IA 50702

$999,000

Stabilized multi-tenant retail building anchored by a UPS location and a local restaurant on high-traffic Kimball Avenue.

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Freestanding Restaurant with Drive-Through
Freestanding Restaurant with Drive-Through

215 E Donald Street, Waterloo, IA 50703

Contact for pricing
3,081 sqft 1.05 AC lot

Standalone restaurant retail site with a drive-thru, ample parking, and direct entry and exit access in a high-traffic corridor.

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Park Road Inn Bar & Pub
Park Road Inn Bar & Pub

306 Park Road, Waterloo, IA 50703

$122,000
0.28 AC lot

Updated hospitality property with a separate parking parcel and space for recurring entertainment programming.

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Vacant Bar Property
Vacant Bar Property

328 Elm Street, Waterloo, IA 50703

Contact for pricing
0.18 AC lot

M2-zoned commercial property with water availability and public sewer access.

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Restaurant with Large Parking Field
Restaurant with Large Parking Field

2822 University Ave, Waterloo, IA 50701

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Restaurant includes a dining room, kitchen, and bar, plus a large parking field and included fixtures.

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Two-Story Restaurant with Mezzanine
Two-Story Restaurant with Mezzanine

300 W 4th Street, Waterloo, IA 50701

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Downtown restaurant building includes a party room, mezzanine seating, and contemporary interior design elements.

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Waterloo, IA Restaurants Lease Rates & Market Statistics

Explore 5 Restaurants for lease in Waterloo, IA on Realmo, a commercial real estate exchange covering the Waterloo area. The current inventory totals 8,706 square feet of properties.

Restaurants lease rates in Waterloo range from $4.80 SF/Yr at the entry level to $33 SF/Yr at the top of the market, averaging $17.27 SF/Yr. That's a 7x spread between entry-level and premium space, making side-by-side comparison of asking rents and lease terms essential. At $17.27 SF/Yr, the local average runs 14% below Iowa's state average of $20.06 SF/Yr.

Waterloo accounts for 83% of the 6 restaurants currently available across Black Hawk County, where a nearby market includes Cedar Falls.

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