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415 Walnut Church: Historic Rehab Project or Opportunity Zone in Waterloo IA

  • Writer: Jared Hottle
    Jared Hottle
  • Jun 26
  • 2 min read

🏛 Overview & Historic Context


Property: 415 Walnut St, Waterloo, IA

  • Iconic 1908 church building designed by Clinton P. Shockley

  • Listed on the National Register of Historic Places as Walnut Street Baptist Church

  • Features: Soaring ceilings, stained glass, and classic early 20th-century architectural details


📍 Location Information

Address: 415 Walnut St, Waterloo, IA 50703


Neighborhood: Historic Walnut Neighborhood – a locally designated district northeast of downtown


Nearby Landmarks:

  • Lincoln Park – 0.5 mi, local events hub

  • KWWL Building – 0.5 mi, regional news station

  • East High School – 0.25 mi, one of two high schools in Waterloo


💡 Investment Highlights

  • Listed on the National Historic Registry

  • Located in a TIF District and Opportunity Zone

  • Eligible for Historic Tax Credits


💰 Office Space Pricing

  • Asking Price: $199,900

  • Price/SF: ~$10.27


🏗️ Building Specifications

  • Stories: 2

  • Ceiling Heights: ~50 feet

  • Clock Tower: Iconic feature visible from Walnut St

  • Parking: Off-site – options across the street or nearby city ramps


🍽️ Nearby Amenities

Restaurants & Services Within Walking Distance:

  • All-In Grocers – Neighborhood grocery for fresh and healthy foods

  • Screaming Eagle – American grill with live music

  • El Patron – Iconic Mexican Food Downtown Waterloo

  • Savvy Bean - locally owned coffee shop downtown Waterloo


🚍 Transportation & Accessibility

  • Highway Access: Quick connection to Highway 63 (N/S)

  • Public Transit: Near MET routes, walkable and bikeable location

  • Bike Infrastructure: Access to established bike lanes


Prominent Cross Streets:

  • 4th Street – Major N/S artery through Waterloo

  • Walnut Street – Gateway into the Historic Walnut Neighborhood


🧠 Investment Ideas

  • LIHTC Housing: Affordable housing demand + nearby comps

  • Market-Rate Units: Blend of workforce housing & historic tax incentives

  • Venue Space: Underserved need for indoor concert/event venues in Waterloo

  • Co-Working Hub: Ideal layout for creative co-working/incubator concepts

  • Church Use: Ready-to-use sanctuary with strong residential density nearby


📞 Contact Us

Interested in acquiring 415 Walnut St? Reach out today.


🔎 Explore more commercial listings at: HottleRealEstate.com






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