Waterloo, IA Retail properties & Spaces for Rent & Lease

Updated: Apr 12

Mixed-Use Space with Garage

1118 Ansborough Avenue, Waterloo, IA 50701

$12 SF/Yr

0.25 AC lot

2,100 sq. ft. of finished lower‑level office and retail space
Additional 400 sq. ft. garage or storage area
Eight offices with a unisex bathroom and dedicated storage
Two separate access points support flexible occupancy layouts
0.25‑acre corner property at 1118 Ansborough Avenue

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Updated: Sep 1

Flexible Retail Space

2840 University Avenue, Waterloo, IA 50701

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2.44 AC lot

9,392 square feet of flexible commercial space
2.44‑acre property at 2840 University Avenue
C‑2 zoning
On‑site parking
Built in 1960

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University Avenue Retail Space

2830 University Avenue, Waterloo, IA 50701

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2.44 AC lot

Flexible commercial layout with C-2 zoning and on-site parking for retail, office, showroom, or service uses.

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Finished Office Unit with Garage

1118 Ansborough Ave, Waterloo, IA 50701

$12 SF/Yr

4,200 sqft

Finished lower-level space includes multiple offices, storage, and separate access points.

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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 building with a drive-thru, ample parking, and dedicated entry and exit on a heavily trafficked highway.

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Endcap Retail Space with Drive-Through

1501 Flammang Dr, Waterloo, IA 50702

$32 SF/Yr

1,800 sqft

Retail suite in a strip center with national co-tenancy and a drive-through.

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Retail Shell Suite in Plaza

2060 Sovia Dr, Waterloo, IA 50702

$20 SF/Yr

82,449 sqft

Shell retail suite available for build-out in Crossing Point Plaza, with flexible options for retail, office, or services.

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In-Line Retail Storefront Suite

C-2775 Crossroads Blvd, Waterloo, IA 50702

$40 SF/Yr

2,022 sqft

Well-positioned in-line retail suite with prominent signage opportunities in a shopping center anchored by US Cellular and Nothing Bundt Cakes.

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Retail Suite with Private Restrooms

A2-2027 Crossroads Blvd, Waterloo, IA 50702

$22 SF/Yr

3,000 sqft

Flexible retail space includes dedicated storage and a layout suited to customer-facing operations.

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Retail Suite with Private Restrooms

2027 Crossroads Boulevard, Waterloo, IA 50702

$12 SF/Yr

14,040 sqft

Suite A offers 3,000 SF with private restrooms and storage, near the I-380/San Marnan Drive corridor.

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Retail Shell Suite

D-1655 E San Marnan Dr, Waterloo, IA 50701

$20 SF/Yr

2,800 sqft

Flexible shell space in a retail plaza with visibility, parking, and nearby national retailers.

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Freestanding Retail Building

2602 CROSSROADS BLVD, Waterloo, IA 50702

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8,960 sqft

Flexible commercial layout with storefront windows, on-site parking, and prominent signage opportunities.

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Retail Space with Showroom

1205 E San Marnan Dr, Waterloo, IA 50701

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7,200 sqft

Flexible retail configuration includes customer-facing frontage, ample parking, and suites divisible for qualified tenants.

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Retail Building with Showroom Space

1205 E San Marnan Dr, Waterloo, IA 50701

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3,000 sqft

Corner-site retail property with an upgraded façade and a new parking lot.

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Flexible Retail or Office Suite

106-2060 Sovia Dr, Waterloo, IA

$20 SF/Yr

1,800 sqft

Shell suite in a busy retail plaza with build-out flexibility for retail, office, or service uses.

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Retail Space with Showroom

1205 E San Marnan Dr, Waterloo, IA 50701

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12,000 sqft

Corner-positioned retail property with upgraded façade, new parking lot, and flexible suite demising options.

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In-Line Junior Box Retail Space

1522 FLAMMANG DR, Waterloo, IA 50702

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21,500 sqft

Open-format retail space with broad storefront glazing, customer parking, and prominent signage opportunities.

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Flexible Commercial Space

2830 University Ave, Waterloo, IA 50701

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42,814 sqft

Adaptable floor plan supports retail, office, showroom, and service uses.

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Corner Retail Showroom Building

1205 E San Marnan Dr, Waterloo, IA 50701

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2,000 sqft

Corner retail building with parking aligned to front doors and flexible leasing for smaller or larger tenants.

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Corner Retail and Showroom Building

1205 E San Marnan Dr, Waterloo, IA 50701

$20 SF/Yr

12,000 sqft

Corner retail center with parking in front of storefront entrances and available demised suites starting at 1,500 SF.

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Crossroads Mall Retail Redevelopment Site

2532 Crossroads Boulevard, Waterloo, IA 50702

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6,714 sqft 2.50 AC lot

2.5-acre retail site at Crossroads Mall for redevelopment.

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Flex Space with Two Drive-Thru Bays

170 W 18th St, Waterloo, IA 50702

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8,320 sqft

Truck servicing flex space with two drive-thru truck bays, dual overhead doors, 400-amp electrical service, and sprinkler system.

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Retail or Office Corner Space

3032 Ansborough Ave., Waterloo, IA 50701

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5,547 sqft

Retail or office space for lease on a prominent corner with extensive on-site parking.

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Shopping Center Suite with Private Restrooms

A-2027 Crossroads Blvd, Waterloo, IA 50702

$20 SF/Yr

Suite A includes private restrooms and storage, with space the landlord can split into two smaller suites.

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Waterloo, IA Retail properties & Spaces Lease Rates & Market Statistics

Explore 37 Retail properties & Spaces for lease in Waterloo, IA on Realmo, a commercial real estate exchange covering the Waterloo area. The current inventory totals 443,247 square feet of properties — an average of ~12,000 SF per listing.

Retail properties & Spaces lease rates in Waterloo range from $12 SF/Yr at the entry level to $40 SF/Yr at the top of the market, averaging $22.53 SF/Yr. That's a 3x spread between entry-level and premium space, making side-by-side comparison of asking rents and lease terms essential. At $22.53 SF/Yr, the local average runs 28% above Iowa's state average of $17.59 SF/Yr.

Waterloo accounts for 65% of the 57 retail properties & spaces currently available across Black Hawk County, where a nearby market includes Cedar Falls. By space type, the market includes 19 showrooms, 18 storefront properties and 3 shopping centers.