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