Mixed-Use Property with
127 S Main Street, Waterloo, IL 62298
For Sale
$699,000
Under Contract
Commercial Sale, Waterloo, IL
Property Size10,194 SF
Lot Size0.20 Acres
Price / SF$68.57
Days on Market16
Property Features for 127 S Main Street
General Information
Property type
Property subtype
Subdivision
Standard status
APN
Lot size
Additional Details
Mixed-Use Components
Taxes and HOA fees
Tax Year
Tax Annual Amount
Building Details
Building materials
Buildings
Listing Agency:
RE/MAX Results Realty · RE/MAX International
(618) 216-4400
Listed By:
Judy Fruth-Long · License IL 471.019140
(618) 444-8088
Added: Oct 27
Changed: Nov 3
Last Checked: Nov 11 at 6:06AM
MLS# 26068062
Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This brick mixed-use property spans approximately 10,194 square feet across three levels. The main floor contains approximately 3,814 square feet of retail space with its own HVAC. Three apartments occupy approximately 3,190 square feet on the second floor. Above them, an unfinished 3,190-square-foot level is arranged as four rooms. The property is offered in its current condition, and any renovation or occupancy is subject to applicable approvals. A metal roof covering all three elevations is 8 years old.
At 127 S Main Street in downtown Waterloo, the building sits among downtown shopping, dining and local businesses. Its location on Main Street places retail space at street level, with residential units and additional unfinished space above.
At 127 S Main Street in downtown Waterloo, the building sits among downtown shopping, dining and local businesses. Its location on Main Street places retail space at street level, with residential units and additional unfinished space above.
Key Highlights
- Approximately 10,194 square feet across three levels
- Approximately 3,814 square feet of main‑level retail with dedicated HVAC
- Three second‑floor apartments within approximately 3,190 square feet
Property Analytics
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
444
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three levels combine street-level retail, existing apartments and unfinished upper-floor space.
Where is this mixed-use property located?
The property is located at 127 S Main Street 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; Approximately 3,814 square feet of main‑level retail with dedicated HVAC; Three second‑floor apartments within approximately 3,190 square feet
