Restaurant

Waterloo, IA Restaurants for Lease

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Cedar Falls, IA Hudson, IA Denver, IA Laporte City, IA La Porte City, IA Waverly, IA Shell Rock, IA Independence, IA
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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Equipped Commercial Kitchen Space
Updated: Aug 25
Equipped Commercial Kitchen Space

910 W 5th St, Waterloo, IA 50702

$2,250/Mo
22,551 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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Drive-Through Restaurant with Pylon Sign
Drive-Through Restaurant with Pylon Sign

1410 Flammang Dr, Waterloo, IA 50702

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3,510 sqft

Freestanding restaurant space with drive-through service and prominent pylon signage at a grocery-anchored retail location.

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Drive-Through Restaurant
Drive-Through Restaurant

805 Franklin St, Waterloo, IA 50703

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2,597 sqft 0.86 AC lot

Restaurant space features drive-through service, on-site parking, and a pylon sign.

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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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Based on your search, we've compiled 17 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 8 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 Restaurant Opportunity
Freestanding Restaurant Opportunity

320 Collins Rd Ne, Cedar Rapids, IA 52402

Contact for pricing
9,500 sqft

Freestanding restaurant building with ample parking, offered for lease or sale along Collins Road NE.

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Four-Tenant Shopping Center
Four-Tenant Shopping Center

1030 Old Marion Road, Cedar Rapids, IA 52402

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Fully leased retail center with food, salon, grocery, and restaurant occupancy.

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Similar Spaces for Sale in Waterloo, IA

Consider Similar Space for Sale. We found 8 Spaces matching your search parameters.

Bar and Lounge Property
Bar and Lounge Property

32 Lafayette Street, Waterloo, IA 50703

$149,900
2,720 sqft

Open gathering areas, a small kitchen, and on-site parking support a flexible hospitality layout.

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Equipped Conventional Restaurant Space
Equipped Conventional Restaurant Space

910 W 5th Street, Waterloo, IA 50702

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5,625 sqft

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

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

303 W 4th Street, Waterloo, IA 50701

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1,797 sqft

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

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Drive-Through Restaurant Building
Drive-Through Restaurant Building

805 Franklin St, Waterloo, IA 50703

$935,000

Freestanding restaurant property with dedicated drive-through service, abundant parking, and prominent pylon signage.

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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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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 31,739 square feet of properties.

Restaurants lease rates in Waterloo range from $14 SF/Yr at the entry level to $33 SF/Yr at the top of the market, averaging $23.50 SF/Yr. Pricing across the market is relatively uniform, which simplifies like-for-like comparison between listings. At $23.50 SF/Yr, the local average runs 14% above Iowa's state average of $20.53 SF/Yr.

Waterloo accounts for 83% of the 6 restaurants currently available across Black Hawk County, where a nearby market includes Cedar Falls. By space type, the market includes 3 conventional restaurants and 3 drive through restaurants — conventional restaurants typically offer the lowest entry point, while drive through restaurants command the highest rates.

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