701 Franklin St Street, Waterloo, IA 50703
Black Hawk County
Key Facts
Description
Positioned at a high-visibility intersection with an impressive 13,220 Average Daily Traffic Count (ADT), 701 Franklin Street offers a rare opportunity in Waterloo’s Central Business District. This versatile commercial space features a large sales floor/lobby, two private offices, and one bathroom, making it ideal for a variety of uses including automotive, retail, restaurant, or service-based businesses. The property includes an auto mechanic shop with two overhead doors (13’ x 10’), ideal for vehicle access or deliveries. Situated on three parcels with a large parking field, it provides ample space for customers and operations alike. Surrounded by key landmarks like Waterloo City Hall, the Black Hawk County Courthouse, and East High School, this location combines visibility, functionality, and central convenience.
Property Information
Property Type
Commercial Sale
Year Built
1959
Living Area
2,271 sq ft
Lot Size
0.86 acres
Zoning
C-2
Days on Market
233
MLS® Listing#
20254202
Property Features
Financial Details
Annual Taxes
$5,436
Tax year 2024
Assessed Value
$203,020
Parcel Number
891324380005
Directions
Located at corner of 5th and Franklin Streets in downtown Waterloo.
Affordability Calculator
$59,000
Estimated monthly payment
$1,570/mo
Principal $236,000 · Est. interest $329,241 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Waterloo, IA
- 53
- Median Days on Market
- 1,433
- Median Sq Ft
- $126
- Median Price / Sq Ft
- 165
- Active Listings
- Its price per sq ft is 3% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Waterloo, IA.
Location
Points of Interest in Waterloo, IA
Showing the Waterloo area map.
Nearby Schools
East High School
Secondary · 0.2 mi away
Immanuel Lutheran School
School · 0.4 mi away
St John St Nicholas School
School · 0.7 mi away
Cunningham School for Excellence Elementary School Waterloo Community School District
Elementary · 0.8 mi away
Sacred Heart School
School · 0.9 mi away
Lowell Elementary
Elementary · 1.0 mi away
Irving Elementary School
Elementary · 1.2 mi away
Highland Elementary School
Elementary · 1.3 mi away
Expo Alternative Learning Center
School · 1.4 mi away
George Washington Carver Academy
School · 1.5 mi away
Active Minds Early Learning Academy
School · 1.9 mi away
Kittrell Elementary School
Elementary · 1.9 mi away
St Edward School
School · 2.0 mi away
Lincoln Elementary School
Elementary · 2.1 mi away
Edison Elementary School
Elementary · 2.1 mi away
Kingsley Elementary School
Elementary · 2.1 mi away
West High School
Secondary · 2.2 mi away
Columbus High School
Secondary · 2.5 mi away
Blessed Maria Assunta Pallotta Middle School
School · 2.5 mi away
Blessed Sacrament
School · 2.8 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 3638 Logan Ave., Waterloo, IA | $209,000 | 3 | 2 | 1,513 |
| 4332 S Mourning Dove Drive, Waterloo, IA | $209,900 | 2 | 3 | 1,477 |
| 1414 Ingersoll Rd, Waterloo, IA | $209,900 | 4 | 2 | 1,932 |
| 2525 Saratoga, Waterloo, IA | $210,000 | 2 | 2 | 1,584 |
| 1001 Kimball Avenue, Waterloo, IA | $217,000 | 4 | 2 | 1,950 |
| 2225 E Shaulis Road, Waterloo, IA | $217,800 | — | — | — |
Moving Cost Estimate
EXIT Agents in Waterloo
Listing Courtesy: Miehe Commercial Real Estate - 3192696222
Presented by: Matt Miehe, CCIM