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    Waterloo, IA
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    Waterloo, IA Restaurants for Sale

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    Evansdale, IA Cedar Falls, IA Elk Run Heights, IA Washburn, IA Dewar, IA Raymond, IA Gilbertville, IA Hudson, IA
    8 properties
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    Park Road Inn Bar & Pub
    Updated: Jun 25, 2025
    Park Road Inn Bar & Pub

    306 Park Road, Waterloo, IA 50703

    $122,000
    0.28 AC lot
    Bar and pub property at 306 Park Road in Waterloo, IA
    0.28‑acre site with an additional parcel for parking
    Building constructed in 1925
    Updates include plumbing, roof, siding, AC, furnace, flooring, and security system
    Updated kitchenette, seating area, and gaming room
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    Bar and Lounge Property
    Updated: Sep 11
    Bar and Lounge Property

    32 Lafayette Street, Waterloo, IA 50703

    $149,900
    2,720 sqft
    2,720‑square‑foot commercial property
    Configured with bar, lounge, and event‑center areas
    Open interior gathering and entertainment spaces
    Small kitchen included
    Large parking area for guests, customers, and staff
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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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    See hot listings in Waterloo

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    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

    Contact for pricing
    1,797 sqft

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

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    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    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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    Based on your search, we've compiled 78 Potential Opportunities for your consideration. Besides 8 Active listings in Waterloo, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 64 Off-Market properties to explore as potential leads, plus 2 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.

    Fully Equipped Ice Cream Restaurant
    Fully Equipped Ice Cream Restaurant

    1309 G Avenue, Grundy Center, IA 50638

    $350,000
    2,472 sqft

    Commercial restaurant property with an existing tenant, updated building systems, a garage, bathroom, and paved parking.

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    Commercially Zoned Acreage with Raised Barn
    Commercially Zoned Acreage with Raised Barn

    2000 Lincoln Street, Cedar Falls, IA 50613

    $249,900
    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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    Updated Conventional Restaurant
    Updated Conventional Restaurant

    1309 G Avenue, Grundy Center, IA 50638

    $350,000
    0.33 AC lot

    Equipped restaurant property with an existing tenant, paved parking, and refreshed building systems.

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    Endcap Restaurant with Drive-Thru
    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.

    View details

    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.

    C-2 Business Park Land
    C-2 Business Park Land

    Swan Lake Blvd., Independence, IA 50644

    $42,500
    0.84 AC lot

    C-2 commercial land positioned within a business park near established institutional, hospitality, retail, and service uses.

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    Business Park Commercial Land
    Business Park Commercial Land

    Swan Lake Blvd., Independence, IA 50644

    $42,500
    0.84 AC lot

    C-2-zoned site with direct access near Highway 20.

    View details

    Off-Market Properties in Waterloo, IA

    Consider similar Off-Market properties in Waterloo, 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.

    250 Westfield Ave
    TAKE-OUT RESTAURANT

    250 Westfield Ave, Waterloo, IA 50701-5305

    Estimated value:
    $16,835,000
    197,968 sqft 6.10 AC lot
    View details
    Waterloo, IA 50702
    DRIVE-THRU RESTAURANT, FAST FOOD

    Waterloo, IA 50702

    Estimated value:
    $2,050,000
    2,350 sqft 1.31 AC lot
    View details
    1927 Jefferson St
    BAR, TAVERN

    1927 Jefferson St, Waterloo, IA 50702-1248

    Estimated value:
    $80,000
    2,880 sqft 0.21 AC lot
    View details
    1905 Commercial St
    RESTAURANT

    1905 Commercial St, Waterloo, IA 50702-1240

    Estimated value:
    $230,000
    1,812 sqft 0.19 AC lot
    View details
    201 18th St
    RESTAURANT

    201 18th St, Waterloo, IA 50702-1305

    Estimated value:
    $155,000
    3,267 sqft 0.58 AC lot
    View details
    345 Fletcher Ave
    BAR, TAVERN

    345 Fletcher Ave, Waterloo, IA 50701

    Estimated value:
    $225,000
    7,040 sqft 0.88 AC lot
    View details
    215 Donald St
    DRIVE-THRU RESTAURANT, FAST FOOD

    215 Donald St, Waterloo, IA 50703-1503

    Estimated value:
    $855,000
    3,081 sqft 1.05 AC lot
    View details
    2065 Logan Ave
    DRIVE-THRU RESTAURANT, FAST FOOD

    2065 Logan Ave, Waterloo, IA 50703-1003

    Estimated value:
    $265,000
    2,003 sqft 1.11 AC lot
    View details
    504 Riehl St
    BAR, TAVERN

    504 Riehl St, Waterloo, IA 50703-5840

    Estimated value:
    $95,000
    2,996 sqft 0.55 AC lot
    View details
    315 Park Rd
    RESTAURANT

    315 Park Rd, Waterloo, IA 50703-3643

    Estimated value:
    $245,000
    2,156 sqft 0.78 AC lot
    View details
    726 Logan Ave
    BAR, TAVERN

    726 Logan Ave, Waterloo, IA 50703-3740

    Estimated value:
    $70,000
    3,000 sqft 0.45 AC lot
    View details
    921 Broadway St
    RESTAURANT

    921 Broadway St, Waterloo, IA 50703-5815

    Estimated value:
    $285,000
    1,330 sqft 0.33 AC lot
    View details
    518 Jefferson St
    RESTAURANT

    518 Jefferson St, Waterloo, IA 50701-5422

    Estimated value:
    $165,000
    1,520 sqft 0.06 AC lot
    View details
    1850 Airline Hwy
    BAR, TAVERN

    1850 Airline Hwy, Waterloo, IA 50703-9698

    Estimated value:
    $395,000
    6,580 sqft 2.97 AC lot
    View details
    118 Commercial St
    BAR, TAVERN

    118 Commercial St, Waterloo, IA 50701-1335

    Estimated value:
    $320,000
    2,851 sqft 0.35 AC lot
    View details
    307 4th St
    BAR, TAVERN

    307 4th St, Waterloo, IA 50701-5503

    Estimated value:
    $125,000
    2,345 sqft 0.04 AC lot
    View details

    Waterloo, IA Restaurants Market Trends and Statistics

    Explore 72 restaurants for sale in Waterloo, IA, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 17,243 square feet of properties for sale, with an estimated market value of $1,328,900.

    Sale prices for restaurant properties in Waterloo, IA start at $122,000, averaging $332,225, and reaching up to $935,000 — 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

    Bars & Pubs 5
    Conventional restaurants 5
    Drive through restaurants 5
    Commercial kitchens 2
    Pubs 1

    Demographics Overview

    Population 77K
    Population Growth (5Y) -3.2%
    Median Household Income $58,650
    College Educated 16.5%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    50703 $265.8K

    Taxes & Financing

    Tax Rate (average for all types) 3.42%
    Property Tax per SF $40.72 per SF
    Tax Rate vs County Average 0.32 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Black Hawk County

    New Delisted

    How Realmo verifies these figures

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