32 Lafayette St, Waterloo, IA

INDUSTRIAL SPACE | TOTAL SQ. FT. | AVAILABLE FOR LEASE

SALE PRICE: $149,900

Versatile Commercial Property for Sale at 32 Lafayette Street in Waterloo, Iowa

Finding a commercial property that can adapt to your business vision can be a major advantage for entrepreneurs and investors. Whether you're looking to continue an existing concept or transform a space into something entirely new, flexibility can be just as important as square footage.

32 Lafayette Street in Waterloo, Iowa, offers an opportunity to do just that.

Listed at $149,900, this approximately 2,720-square-foot commercial property sits on a 0.37-acre lot and is currently configured as an event center, bar, and lounge space. With an open interior layout, small kitchen area, large parking area, and convenient city-street access, the property provides a versatile foundation for a variety of potential business concepts.

Property Overview & Quick Specs

Located in Waterloo's 50703 area, 32 Lafayette Street is a freestanding, single-tenant commercial building originally constructed in 1952.

The property includes approximately 2,720 square feet of available retail space on one story, along with a basement. The sale includes both the building and land, giving the next owner control of the property and its surrounding site.

Property Highlights

• Asking Price: $149,900

• Building Size: Approximately 2,720 square feet

• Lot Size: Approximately 0.37 acres

• Property Type: Retail / Commercial

• Year Built: 1952

• Current Configuration: Event center, bar, and lounge

• Parking: Large parking area

• Building Type: Freestanding, single tenant

• Stories: 1 story with basement

• Zoning: R-3

• Heating: Forced air

• Cooling: Central air

• Utilities: Electric, gas, water, and city sewer

• Possession: At closing

A Flexible Space for Your Business Vision

The current configuration as an event center, bar, and lounge gives prospective buyers a starting point for evaluating how the property could be used.

The interior offers open gathering and entertainment areas that can be adapted depending on the needs of the next owner. A small kitchen area provides additional functionality for businesses where food preparation or refreshments may be part of the operation.

For an entrepreneur, this type of existing layout can provide an opportunity to purchase a property with an established commercial configuration rather than starting with a completely empty shell.

At the same time, the property's flexible layout leaves room for a buyer to consider a new direction.

Potential for a Variety of Commercial Concepts

The property is currently marketed for retail use, while the existing layout may provide opportunities for a variety of business concepts.

Depending on applicable zoning and permitting requirements, the property could be considered for uses that benefit from open gathering areas, customer-facing space, and convenient parking.

Potential concepts could include:

• Event and gathering space

• Entertainment-oriented businesses

• Lounge or hospitality concepts

• Retail businesses

• Specialty shops

• Community-oriented businesses

• Other customer-focused commercial uses

Buyers should verify that their intended use is permitted under the property's R-3 zoning and any applicable city regulations before proceeding.

Large Parking Area Adds Convenience

For businesses that depend on customer traffic, accessible parking can be an important part of the overall property experience.

32 Lafayette Street features a large parking area, providing ample room for guests, customers, and staff. The additional parking capacity can be particularly valuable for an event-oriented property or another business where multiple customers may arrive at the same time.

The combination of the building's open interior and substantial parking area creates a practical setup for businesses that need both customer space and convenient access.

Functional Building Features

The building features block wall construction, concrete and tile/vinyl flooring, and a combination of composite and wood/shingle/shake roofing.

Inside, the property benefits from forced-air heating and central cooling, helping provide year-round climate control.

The property is also served by electric, gas, water, and city sewer utilities, providing the basic infrastructure needed for continued commercial operation.

A Waterloo Location with Room to Reimagine

Situated on Lafayette Street in Waterloo, the property provides a city-street location within an established Waterloo neighborhood.

For an owner-operator, the property offers an opportunity to acquire a commercial building and land at an accessible price point while creating a business concept tailored to the space.

Rather than purchasing a property limited to one specific configuration, buyers can explore the possibilities offered by the existing event-center and lounge setup and determine how best to utilize the building.

An Opportunity at $149,900

At an asking price of $149,900, 32 Lafayette Street presents an opportunity for an entrepreneur, owner-user, or business looking for a commercial property with an existing customer-oriented layout.

The property combines approximately 2,720 square feet of building space, 0.37 acres of land, a large parking area, and an existing event-center/bar/lounge configuration.

Whether you envision continuing the property's current use or transforming it into something completely different, 32 Lafayette Street offers a flexible commercial space where you can bring your business vision to life.

Explore 32 Lafayette Street in Waterloo

If you're searching for a commercial property in Waterloo with an adaptable layout, substantial parking, and potential for a new business concept, 32 Lafayette Street deserves a closer look.

The property is currently offered for sale at $149,900, with possession available at closing.

Contact Fischels Commercial Group to learn more about the property, schedule an appointment-only showing, and explore the possibilities at 32 Lafayette Street in Waterloo, Iowa.

Schedule a Private Walkthrough Tour Today

Commercial properties with approximately 2,720 square feet of building space, 0.37 acres of land, a large parking area, and an existing event-center/bar/lounge configuration do not stay on the market long in Black Hawk County.

For property disclosures, structural layouts, or to schedule an in-person walkthrough tour, contact Broker and Owner Chris Fischels today!

• Cellular Phone: (319) 830-5000

• Office Phone: (319) 234-5000

• Full Online Listing Details: Fischels Group - 32 Lafayette St. Listing Profile

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