Acreage living with unique possibilities! Situated on approximately 2 acres in Waterloo, this versatile property offers the space and setting of an acreage along with commercial zoning that opens the door to a variety of potential uses. Inside, you'll find three bedrooms upstairs, plus an additional upstairs room with existing plumbing, offering great potential for a future bathroom or other use. The main floor features a full bathroom and a non conforming bedroom that could also serve as an office, playroom, guest space, or additional living area. Recent updates include new flooring, fresh paint, and a number of exterior improvements and repairs, making this property ready for its next chapter. The home has also recently been connected to city water. Outside, the property offers approximately 2 acres, multiple outbuildings for storage, hobbies, equipment, or business needs, and an attached two-stall garage. The location provides an interesting blend of residential and commercial surroundings, with residential acreages to the north and Casey's and other commercial properties nearby to the south. Whether you're searching for an affordable starter acreage, need extra space for your hobbies or equipment, or are looking for a property where you may be able to combine home and business needs, this one is full of potential. A unique Waterloo opportunity with room to make it your own!