Retail

Waterloo, IA Retail Properties & Spaces for Lease

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Mixed-Use Space with Garage
Mixed-Use Space with Garage

1118 Ansborough Avenue, Waterloo, IA 50701

Mixed-use property
$12 SF/Yr
Built 1967  0.25 acres

Finished lower-level commercial space supports office, retail, or combined business operations with separate access points.

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Flexible Retail Space
Flexible Retail Space

2840 University Avenue, Waterloo, IA 50701

Retail space
Contact for pricing
Built 1960

Adaptable layout supports retail, office, showroom, and service uses.

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University Avenue Retail Space
University Avenue Retail Space

2830 University Avenue, Waterloo, IA 50701

Retail space
Contact for pricing
Built 1960

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
Finished Office Unit with Garage

1118 Ansborough Ave, Waterloo, IA 50701

$12 SF/Yr
16–28 people  4,200 sqft  Built 1967

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

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End-Cap Retail Space with Drive-Through
End-Cap Retail Space with Drive-Through

2060 Sovia Drive, Waterloo, IA 50702

Retail space
$20 SF/Yr
Multi-tenant  3,770 sqft  Endcap  Built 1975
Planet Fitness, Iowa DOT co-tenants  Highway access

A divisible C-2 space offers flexibility for a range of tenant layouts.

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Drive-Through Restaurant
Drive-Through Restaurant

215 E Donald Street, Waterloo, IA 50703

Drive through restaurant
$33 SF/Yr
Single tenant  3,081 sqft  Built 2020
Highway access

A freestanding restaurant and retail property with dedicated entry and exit points and C-2 zoning.

Drive-thru
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Retail Shell Suite
Retail Shell Suite

1655 E San Marnan Drive, Waterloo, IA 50702

Retail space
$20 SF/Yr
Multi-tenant  2,800 sqft  Built 2015
UnityPoint Clinic Express, Miracle Ear co-tenants  Highway access

A customizable plaza suite supports retail, office, or service-oriented layouts.

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Free-Standing Restaurant with Drive-Thru
Free-Standing Restaurant with Drive-Thru

215 E Donald St, Waterloo, IA 50703

Drive through restaurant
$33 SF/Yr
3,081 sqft  Built 2020

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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Retail Shell Suite
Triple net (NNN)
Retail Shell Suite

2060 Sovia Drive, Waterloo, IA 50702

Retail space
$20 SF/Yr
Built 1975

The unfinished interior can be configured for retail, office, or service operations.

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Office Suite with Flexible Layout
Triple net (NNN)
Office Suite with Flexible Layout

1519 E San Marnan Drive, Waterloo, IA 50702

$24 SF/Yr
1 space  1,450 sqft  Built 1983  1.09 acres
Highway access + Road access

The space combines a reception area, potential for several offices, and a flexible break area.

Waiting area  Flex break area
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End-Cap Retail Space
End-Cap Retail Space

1021 Peoples Sq, Waterloo, IA 50702

Retail space
$31 SF/Yr
2,400 sqft

An open-shell layout includes existing HVAC and one restroom, with utilities available.

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Endcap Retail Space with Drive-Through
Endcap Retail Space with Drive-Through

1501 Flammang Dr, Waterloo, IA 50702

Retail space
$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
Retail Shell Suite in Plaza

2060 Sovia Dr, Waterloo, IA 50702

Shopping center
$20 SF/Yr
82,449 sqft  Built 1975

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

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Retail Suite with Office
Retail Suite with Office

923 W 5 Street, Waterloo, IA 50702

Retail space
$1,500/Mo
4,880 sqft  Built 1948

A restroom and storefront windows support customer-facing operations in this Waterloo space.

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In-Line Retail Storefront Suite
In-Line Retail Storefront Suite

C-2775 Crossroads Blvd, Waterloo, IA 50702

Retail space
$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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Inline Retail Suite
Inline Retail Suite

1503 Flammang Drive, Waterloo, IA 50702

Retail space
$24 SF/Yr
14,370 sqft  Built 2006

The suite sits within a strip center with national co-tenancy.

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Retail Suite with Private Restrooms
Retail Suite with Private Restrooms

A2-2027 Crossroads Blvd, Waterloo, IA 50702

Retail space
$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 Offices
Triple net (NNN)
Retail Suite with Private Offices

203 E Tower Park Drive Unit: #B, Waterloo, IA 50701

Retail space
$14 SF/Yr
9,246 sqft  Built 2000

Reception and lobby areas accompany enclosed rooms suited to professional, medical, wellness, or retail use.

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Retail Shell Suite
Retail Shell Suite

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

Retail space
$20 SF/Yr
2,800 sqft

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

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Office and Retail Mixed-Use Space
Office and Retail Mixed-Use Space

503 W 4th Street, Waterloo, IA 50701

Mixed-use property
$1,200/Mo
6,352 sqft  Built 1913

The available suite combines office and retail functions and includes asphalt parking off the street.

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Retail Space with Drive-Through
Retail Space with Drive-Through

2825 Crossroads Blvd, Waterloo, IA 50702

Retail space
Contact for pricing
2,580 sqft

The suite is near Target, Walmart, and Hy-Vee and has access to a shared parking field.

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Freestanding Retail Building
Freestanding Retail Building

2602 CROSSROADS BLVD, Waterloo, IA 50702

Retail space
Contact for pricing
8,960 sqft

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

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Retail Space with Showroom
Retail Space with Showroom

1205 E San Marnan Dr, Waterloo, IA 50701

Retail space
Contact for pricing
7,200 sqft  Built 1993

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

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Retail Building with Showroom Space
Retail Building with Showroom Space

1205 E San Marnan Dr, Waterloo, IA 50701

Retail space
Contact for pricing
3,000 sqft  Built 1993

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

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

Explore 56 Retail properties & Spaces for lease in Waterloo, IA on Realmo, a commercial real estate exchange covering the Waterloo area. The current inventory totals 604,562 square feet of properties — an average of ~10,800 SF per listing.

Retail properties & Spaces lease rates in Waterloo range from $6 SF/Yr at the entry level to $40 SF/Yr at the top of the market, averaging $21.44 SF/Yr. That's a 7x spread between entry-level and premium space, making side-by-side comparison of asking rents and lease terms essential. At $21.44 SF/Yr, the local average runs 19% above Iowa's state average of $17.95 SF/Yr.

Waterloo accounts for 68% of the 82 retail properties & spaces currently available across Black Hawk County, where a nearby market includes Cedar Falls. By space type, the market includes 19 showrooms, 17 storefront properties and 4 shopping centers — shopping centers typically offer the lowest entry point, while storefront properties command the highest rates.

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