For Lease
$29/SF/YR

941 San Marnan Dr Waterloo, IA 50702

Prime Waterloo location, high traffic, 5,390 SF

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
130
This exceptional 5,390-square-foot restaurant building, formerly a Red Lobster, presents a unique investment opportunity in Waterloo, IA. Situated on a highly visible 1.4-acre lot at 941 E San Marnan Dr, this Class B property boasts a prime location within a thriving commercial hub, enjoying exceptional visibility and accessibility from the high-traffic intersection of routes 20/23 (over 45,000 vehicles daily). The property features ample parking (50+ spaces) and 220-volt power, making it suitable for a variety of restaurant or commercial uses. Its strategic location places it near major retailers such as Walmart, Home Depot, Target, Olive Garden, and Longhorn Steakhouse, ensuring high foot traffic and brand recognition. Furthermore, its proximity to Mercy One Hospital and West High School provides a consistent customer base. The surrounding area demonstrates strong economic indicators, with an average household income exceeding $120,000 within a 5-mile radius, a population of over 75,000, and over 34,000 households. The property is zoned Commercial/Residential and offers significant potential for a savvy investor or business owner looking to establish a presence in a dynamic and growing market. Waterloo's position as the Black Hawk County seat, coupled with its robust economy and thriving entrepreneurial ecosystem, makes this a compelling investment opportunity. The city's advanced manufacturing and research & development sector, anchored by TechWorks Campus, further solidifies its long-term growth prospects.

Highlights

  • 5,390 SF restaurant building, former Red Lobster, on 1.4-acre lot.
  • High-visibility location at a signalized corner intersection (45,000+ VPD) in Waterloo, IA's retail hub.
  • Ample parking (50+ spaces) and 220-volt power.
  • Near major retailers (Walmart, Home Depot, Target, etc.) and Mercy One Hospital.
  • Strong demographics: $120,000+ average household income within 5 miles.

Property Details for 941 San Marnan Dr

Property type
Restaurants
RSF (Rentable sq. ft)
5,390 SF
Class
B

Unit(s) available at that property

Space
Size
5,400 SF
Rate per SF
$29

Location Insight

City
Waterloo
County
Black Hawk
State
Iowa
Latitude
42.4581734
Longitude
-92.337172
941 San Marnan Dr, Waterloo, Iowa

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FAQs

What type of property is this?
Restaurant - Prime Waterloo location, high traffic, 5,390 SF
Where is the restaurant located?
The property is located at 941 San Marnan Dr Waterloo, IA.
What is the lease rate?
The lease rate is $29/SF/YR.
What are key features of this property?
This property features: 5,390 SF restaurant building, former Red Lobster, on 1.4-acre lot.; High-visibility location at a signalized corner intersection (45,000+ VPD) in Waterloo, IA's retail hub.; Ample parking (50+ spaces) and 220-volt power.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
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Contacts

Jeff Sawyer
Jeff Sawyer
Visit Broker Website

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San Marnan Dr
Waterloo, IA 50702

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

941 San Marnan Dr
  • Jeff Sawyer
    Jeff Sawyer
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