3128 University AvenueWaterloo, IA 50701

Commercial · 7,060 Sq. ft. | 0.58 Acres
$748,888 ACTIVE

3128 University Avenue Overview

Time on Site:
96 days
Visits:
37

3128 University Ave – Waterloo, IA Commercial building ideal for auto repair, body shop, contractor shop, detailing business, service shop, or flex commercial use located on high-visibility University Avenue with strong daily traffic counts. This well-maintained 7,060 sq. ft. building includes an approximately 2,000 sq. ft. office and showroom area featuring a reception area, four private offices, two restrooms, a break room, and a locker room. The property also offers approximately 5,000 sq. ft. of open shop space with two overhead doors, floor drains, and excellent workspace, providing a highly functional layout for a wide range of commercial or service-based operations. The shop space is exceptionally clean and well maintained. A spray booth and hydraulic lift may be included with the sale, creating a potential turnkey opportunity for automotive or service-related businesses. Located along one of Waterloo’s busiest commercial corridors, the property offers excellent visibility, convenient access, and strong signage potential. A rare opportunity for an owner-user or investor seeking flexible commercial space in a high-traffic location.

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3128 University Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 7,060
  • Price/Sq.ft. $106
  • Lot 0.58 Acres

Details

General

Income/Expenses

  • Existing Lease Type: None
  • Gross Income: 0
  • Net Operating Income: 0
  • Operating Expense: 0

Building Information

  • Year Built: 2006

Location/Region

  • County Or Parish: Black Hawk

Tax Information

  • Tax Annual Amount: 20139
  • Tax Assessed Value: 607150
  • Tax Year: 2025

General Information

  • Parcel Number: 891321451021
  • Possible Use: Office,Retail
  • Property Sub Type: Office/Industrial
  • Property Type: Commercial Sale
  • Special Listing Conditions: Normal Sale
  • Zoning: C

Interior

Building Interior

  • Building Area Total: 7060

General Information

  • Building Features: Fiber Optics
  • Flooring: Concrete
  • Heating: Radiant

Exterior

Lot Information

  • Frontage Type: Inside Lot,Easement
  • Lot Size Acres: 0.58
  • Lot Size Square Feet: 25091

Building Exterior/Construction

  • Construction Materials: Steel/ST Fram
  • Roof: Metal

General Information

  • Utilities: Electricity Available,Water Available,Sewer Available,Phone Available,Fiber Optics

3128 University Avenue Neighborhood

Community

50701 (Waterloo) Demographics

38
Median Age
368
Population Density (per sq. mile)
41%
College Educated
$53,348
Estimated Median Income
8,318
Estimated Total Home Owners
4,784
Estimated Total Renters
63% / 37%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

3128 University Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

3128 University Avenue Market Data

Based on the last 30 days in this zip code

$259,254
Average List Price
$3,165
Average Price per Square Foot
34
Properties Sold
83
Average Days on Market
131
Properties for Sale
Calculations provided by Reliance Network

3128 University Avenue History

Date Event Value Agent
3/25/2026Source: Northeast Iowa Regional MLS Added to Database
March 25, 2026
Listing provided courtesy of Oakridge Real EstateNortheast Iowa Regional MLS- MLS# 20261152MLS Provider