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Downtown Mixed-Use Property

123-127 S Main St, Waterloo, IL 62298

For Sale
Contact for pricing
Pending

A separate HVAC system serves the ground-floor retail area.

Property Size10,194 SF
Days on Market18

Property Features for 123-127 S Main St

General Information

Standard status Pending
Size 10,194 SF
Property subtype MULTIFAMILY

Site & Location

Road Access Yes
Mixed-Use Components retail, residential

Additional Details

Multifamily Units 3

Building Details

Buildings 1
Stories 3
Tenancy Multi
Listing Agency: RE/MAX Results
Listed By: Judy Fruth-Long · License IL 471.019140
Source: Moodyscre
Added: Oct 24 Changed: Nov 6 Last Checked: Nov 8 at 8:25AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Results

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Investment Insights

Based on property information with market context.

Three levels provide a mix of commercial and residential space, with approximately 10,194 square feet in total. The main floor contains about 3,814 square feet of retail space with its own HVAC. Three apartments occupy the second level, which measures approximately 3,190 square feet. The third floor offers another 3,190 square feet in four unfinished rooms.

The property is on Main Street in downtown Waterloo, Illinois, near downtown shopping, dining, and local businesses. Its metal roof, including all three elevations, is eight years old.

Key Highlights

  • Approximately 10,194 square feet across three levels
  • About 3,814 square feet of ground‑floor retail with dedicated HVAC
  • Three second‑floor apartments in approximately 3,190 square feet

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Pharmacy Skin Care Clinic Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

444
Businesses Nearby

Demographics for 62298, IL

17,630
Population
7,562
Households
2.3
Avg Household Size
44
Median Age
35%
College-Educated
96%
High-School Grad
143.0 sq mi
ZIP Area
123
Density / Sq Mi
$94,073
Median Household Income
$52,823
Median Earnings
$884
Median Rent
$263,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - A separate HVAC system serves the ground-floor retail area.
Where is this mixed-use property located?
The property is located at 123-127 S Main St Waterloo, IL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Approximately 10,194 square feet across three levels; About 3,814 square feet of ground‑floor retail with dedicated HVAC; Three second‑floor apartments in approximately 3,190 square feet
(618) 444-8088 · Office Call to check price and availability
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