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    111 W 3Rd St Waterloo, IL 62298

    For Lease
    $5,000 /Mo ($4 SF/Yr)

    Mixed Use - Waterloo, IL

    Type:Mixed Use
    Lot size:
    0.33 Acres
    Days on Market:
    196
    Last Refresh:
    Dec 14 at 4:06 am

    Property Features for 111 W 3Rd St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Mixed Use
    Standard status
    Active
    APN
    07-25-250-025-000
    Lot size
    0.33 Acres

    Building Details

    Year built
    1980
    Building materials
    Brick
    Architectural style
    Other

    eXp Realty, LLC (888) 574-9405 [email protected]

    Listing agent Monica Schmidt (888) 574-9405

    Listing date Jun 2, 2025

    MLS# 25038288 Listing URL

    Copyright © 2025 MARIS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Building in Central Waterloo

    This substantial all-brick commercial building, situated in the heart of Waterloo, Illinois, presents a significant commercial opportunity. The property's location offers potential for various ventures, including a restaurant, an indoor recreation facility such as indoor pickleball, a unique event venue, or an open-air market. The building features expansive square footage, high ceilings, and exposed beams, providing an industrial aesthetic. The open interior space and flexible layout accommodate a wide range of commercial uses. The lot size is 0.3287 acres. Note that the year built listed in public records is not accurate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waterloo
    County
    Monroe
    State
    Illinois
    Longitude
    -90.151126
    Latitude
    38.335232

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    FAQs

    What type of property is this?
    Mixed-use property - Spacious commercial building with potential for diverse ventures.
    Where is this mixed-use property located?
    The property is located at 111 W 3Rd St Waterloo, IL.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in the heart of town.; - Expansive square footage suitable for diverse commercial uses.; - All-brick construction.
    (888) 574-9405
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    111 W 3Rd St Waterloo, IL 62298
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