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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 Raymond, IA Washburn, IA Dewar, IA Gilbertville, IA Hudson, IA
    14 properties
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    Multi-Tenant Shopping Center
    Updated: May 20
    Multi-Tenant Shopping Center

    106 Brookeridge Drive, Waterloo, IA 50702

    $999,000
    0.91 AC lot
    Fully leased multi‑tenant shopping center
    UPS location and locally owned, operated restaurant on site
    0.91 acres with C‑1 zoning
    Built in 1974
    On Kimball Avenue, one block from San Marnan Drive
    View details
    Corner Restaurant Building
    Updated: Jul 26
    Corner Restaurant Building

    504 Riehl Street, Waterloo, IA 50703

    $175,000
    0.55 AC lot
    2,996 SF commercial building on a 0.55‑acre corner parcel
    Directly across from Kwik Star with ample off‑street parking
    Kitchen includes a hood, sinks, and select appliances
    Open layout with 2 bathrooms and office space
    C‑2 zoning with public sewer and water available
    View details
    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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    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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    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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    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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    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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    Restaurant with Large Parking Field
    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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    Two-Story Restaurant with Mezzanine
    Two-Story Restaurant with Mezzanine

    300 W 4th Street, Waterloo, IA 50701

    Contact for pricing

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

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    Based on your search, we've compiled 79 Potential Opportunities for your consideration. Besides 14 Active listings in Waterloo, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 58 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.

    Multi-Building Commercial Property with Bar
    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
    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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    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.

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    Commercially Zoned Acreage with Raised Barn
    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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    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
    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.

    View details
    Commercial Land in Business Park
    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
    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.

    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

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

    Waterloo, IA 50702

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

    1927 Jefferson St, Waterloo, IA 50702-1248

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

    1905 Commercial St, Waterloo, IA 50702-1240

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

    201 18th St, Waterloo, IA 50702-1305

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

    345 Fletcher Ave, Waterloo, IA 50701

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

    215 Donald St, Waterloo, IA 50703-1503

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

    2065 Logan Ave, Waterloo, IA 50703-1003

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

    504 Riehl St, Waterloo, IA 50703-5840

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

    315 Park Rd, Waterloo, IA 50703-3643

    $245,000
    Estimated value
    2,156 sqft 0.78 AC lot
    View details

    Waterloo, IA Restaurants Market Trends and Statistics

    Explore 72 restaurants for sale in Waterloo, IA, showcased through 14 active listings on our real estate platform. These investment opportunities span a total of 18,299 square feet of properties for sale, with an estimated market value of $2,781,900.

    Sale prices for restaurant properties in Waterloo, IA start at $122,000, averaging $397,414, and reaching up to $999,000 — 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

    Conventional restaurants 9
    Bars & Pubs 6
    Commercial kitchens 2
    Drive through restaurants 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 $86.3K
    50702 $999K

    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

    Total CRE Inventory on Market (SF)

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    Most Searched ZIP Codes in Waterloo, IA

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    • 50701
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