Cedar Falls, IA Restaurants for Sale

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Updated: Apr 1

Downtown Bar and Restaurant

421 Main Street, Cedar Falls, IA 50613

$750,000

3,808 sqft

3,808 SF hospitality space on a 0.13‑acre lot
Installed Micromatic draft beer system plus walk‑in beer cooler and walk‑in cooler/freezer combination
Includes 15 mounted televisions, professionally installed sound system, and comprehensive security system
Updated HVAC systems completed in February 2026 by Bergan
Built in 1967

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This listing looks promising.

Here's a quick look at some key insights for

421 Main Street, Cedar Falls, IA 50613

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Est. Cap Rate

5.4%
NOI ÷ price
Est. NOI

$40K
Annual
Mortgage

$556K
Mar 2022
Last Sold

Sep 2025
$405K
Property Type

Restaurant
Built 1967

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Updated: Jul 21

Art Bar and Gallery Business

504 Bluff Street, Cedar Falls, IA 50613

$100,000

0.30 AC lot

Established cocktail lounge and local art gallery concept
Rotating art exhibits, live music, special events, and community gatherings
Sale includes business, goodwill, furniture, fixtures, equipment, and inventory
Existing lease may be assumed subject to landlord approval
Located at 504 Bluff Street in downtown Cedar Falls

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Turnkey Art Bar & Gallery Business

504 Bluff Street, Cedar Falls, IA 50613

$100,000

900 sqft

Turnkey hospitality business combines a cocktail lounge and rotating local art gallery in a leased downtown location.

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Main Street Retail/Restaurant Opportunity

421 Main St, Cedar Falls, IA 50613

$750,000

3,772 sqft 0.13 AC lot

Retail or restaurant space with high foot traffic and visibility.

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Endcap Restaurant with Drive-Thru

6826 University Avenue, Cedar Falls, IA 50613

Contact for pricing

1,308 sqft

End-cap restaurant suite with drive-thru access, designed for visibility and strong customer ingress.

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Turnkey Restaurant Space with Kitchen

2214 College St, Cedar Falls, IA 50613

Contact for pricing

1,946 sqft

For-sale restaurant/bar space with existing kitchen equipment along a corridor carrying 6,300 vehicles daily.

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Commercially Zoned Acreage with Raised Barn

2000 Lincoln St, Cedar Falls, IA 50613

Contact for pricing

1,935 sqft 2.55 AC lot

Commercially zoned acreage featuring an insulated, metal-roof raised barn with finished decks and solar installation.

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Based on your search, we've compiled 79 Potential Opportunities for your consideration. Besides 7 Active listings in Cedar Falls, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 65 Off-Market properties to explore as potential leads, plus 3 Land Listings that present a potential for development.

Opportunities in Nearby Cities

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

Prime Corner Restaurant Building

504 Riehl Street, Waterloo, IA 50703

$175,000

2,996 sqft

High-visibility corner commercial building across from Kwik Star with kitchen hood, office space, and ample off-street parking.

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Multi-Building Commercial Property with Bar

920-924 Parriott Street, Aplington, IA 50604

$269,000

8,415 sqft

Heated back shop, front storage/shop, and party room, plus an operating bar and grill included.

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Multi-Building Retail Tearoom Opportunity

911-915 Parriott Street, Aplington, IA 50604

$174,900

3,970 sqft

Turn-key tearoom, coffee house, and gift shop across three buildings with display and catering supplies available.

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Restaurant with Large Parking Field

2822 University Ave, Waterloo, IA 50701

Contact for pricing

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

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Golf Course Frontage Lot

1711-12 Golf Course Boulevard, Independence, IA 50644

$60,000

1.09 AC lot

1.09 acre lot in River Ridge Development, Independence, Iowa.

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Commercial Land in Business Park

Swan Lake Blvd., Independence, IA 50644

$42,500

0.84 AC lot

C-2-zoned commercial site positioned near Highway 20 access in Independence’s business park area.

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C-2 Commercial Land

Swan Lake Blvd., Independence, IA 50644

$42,500

0.84 AC lot

Commercial land in a business park with highway access and nearby retail, service, lodging, educational, and institutional facilities.

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Off-Market Properties in Cedar Falls, IA

Consider similar Off-Market properties in Cedar Falls, IA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

DRIVE-THRU RESTAURANT, FAST FOOD

6104 University Ave, Cedar Falls, IA 50613-5241

Value Estimation by Request

2,829 sqft 0.61 AC lot

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BAR, TAVERN

128 Main St, Cedar Falls, IA 50613-2644

Value Estimation by Request

5,232 sqft 0.04 AC lot

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RESTAURANT

2627 Ctr St, Cedar Falls, IA 50613-1053

$215,000

Estimated value

4,628 sqft 1.40 AC lot

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RESTAURANT

1828 Waterloo Rd, Cedar Falls, IA 50613-4360

$235,000

Estimated value

1,600 sqft 0.33 AC lot

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BAR, TAVERN

209 State St, Cedar Falls, IA 50613-3334

$670,000

Estimated value

5,058 sqft 0.13 AC lot

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DRIVE-THRU RESTAURANT, FAST FOOD

1625 Ridgeway Ave, Cedar Falls, IA 50613-9535

$1,190,000

Estimated value

3,295 sqft 1.21 AC lot

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RESTAURANT

2214 College St, Cedar Falls, IA 50613-3622

$320,000

Estimated value

1,946 sqft 0.06 AC lot

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RESTAURANT

6222 University Ave, Cedar Falls, IA 50613-5242

$625,000

Estimated value

4,988 sqft 0.50 AC lot

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RESTAURANT

211 Main St, Cedar Falls, IA 50613

$730,000

Estimated value

3,860 sqft 0.13 AC lot

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RESTAURANT

110 Lincoln St, Cedar Falls, IA 50613-3131

$85,000

Estimated value

1,306 sqft 0.37 AC lot

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DRIVE-THRU RESTAURANT, FAST FOOD

315 Viking Plz Dr, Cedar Falls, IA 50613-6937

$1,130,000

Estimated value

2,028 sqft 1.08 AC lot

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RESTAURANT

108 4th St, Cedar Falls, IA 50613-2826

$680,000

Estimated value

3,945 sqft 0.11 AC lot

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RESTAURANT

2224 College St, Cedar Falls, IA 50613-3622

$370,000

Estimated value

3,621 sqft 0.05 AC lot

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DRIVE-THRU RESTAURANT, FAST FOOD

401 Viking Plz Dr, Cedar Falls, IA 50613-6965

$535,000

Estimated value

4,260 sqft 1.30 AC lot

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RESTAURANT

316 Main St, Cedar Falls, IA 50613

$565,000

Estimated value

9,438 sqft 0.13 AC lot

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RESTAURANT

5907 University Ave, Cedar Falls, IA 50613-5288

$595,000

Estimated value

5,796 sqft 0.56 AC lot

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DRIVE-THRU RESTAURANT, FAST FOOD

201 Viking Plz Dr, Cedar Falls, IA 50613-6936

$485,000

Estimated value

3,818 sqft 1.67 AC lot

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Cedar Falls, IA Restaurants Market Trends and Statistics

Explore 72 restaurants for sale in Cedar Falls, IA, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 13,669 square feet of properties for sale, with an estimated market value of $1,700,000.

Sale prices for restaurant properties in Cedar Falls, IA start at $100,000, averaging $425,000, and reaching up to $750,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 44K

Population Growth (5Y) -1.1%

Median Household Income $75,642

College Educated 34.6%

High-Yield Neighborhoods for Investment

Identify Cedar Falls submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
50613	$144.3K

Taxes & Financing

Tax Rate (average for all types) 2.73%

Property Tax per SF $28.35 per SF

Tax Rate vs County Average 0.36 pp below county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Black Hawk County

New Delisted

Total CRE Inventory on Market (SF)

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Cedar Falls, IA Restaurants for Sale

421 Main Street, Cedar Falls, IA 50613

504 Bluff Street, Cedar Falls, IA 50613

504 Bluff Street, Cedar Falls, IA 50613

421 Main St, Cedar Falls, IA 50613

6826 University Avenue, Cedar Falls, IA 50613

2214 College St, Cedar Falls, IA 50613

2000 Lincoln St, Cedar Falls, IA 50613

Opportunities in Nearby Cities

504 Riehl Street, Waterloo, IA 50703

920-924 Parriott Street, Aplington, IA 50604

911-915 Parriott Street, Aplington, IA 50604

2822 University Ave, Waterloo, IA 50701

Potential Development Sites for Consideration

1711-12 Golf Course Boulevard, Independence, IA 50644

Swan Lake Blvd., Independence, IA 50644

Swan Lake Blvd., Independence, IA 50644

Off-Market Properties in Cedar Falls, IA

6104 University Ave, Cedar Falls, IA 50613-5241

128 Main St, Cedar Falls, IA 50613-2644

2627 Ctr St, Cedar Falls, IA 50613-1053

1828 Waterloo Rd, Cedar Falls, IA 50613-4360

209 State St, Cedar Falls, IA 50613-3334

1625 Ridgeway Ave, Cedar Falls, IA 50613-9535

2214 College St, Cedar Falls, IA 50613-3622

6222 University Ave, Cedar Falls, IA 50613-5242

211 Main St, Cedar Falls, IA 50613

110 Lincoln St, Cedar Falls, IA 50613-3131

315 Viking Plz Dr, Cedar Falls, IA 50613-6937

108 4th St, Cedar Falls, IA 50613-2826

2224 College St, Cedar Falls, IA 50613-3622

401 Viking Plz Dr, Cedar Falls, IA 50613-6965

316 Main St, Cedar Falls, IA 50613

5907 University Ave, Cedar Falls, IA 50613-5288

201 Viking Plz Dr, Cedar Falls, IA 50613-6936

Cedar Falls, IA Restaurants Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Total CRE Inventory on Market (SF)

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