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    150 Waterloo Cmns Dr Waterloo, IL 62298

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    Grocery-anchored retail land in Waterloo, IL

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail land opportunity is located within the thriving Waterloo Commons shopping center in Waterloo, Illinois. The property consists of several outlots ranging from 0.56 to 1.18 acres, offering significant potential for development. Strategically positioned at the high-traffic intersection of IL Hwy 3 (15,000 vehicles per day) and N Market St (11,000 vehicles per day), this location ensures maximum visibility and accessibility for any business. The center boasts a strong anchor tenant, Schnucks, a leading Midwest grocery retailer, attracting substantial consumer traffic. This established retail environment is complemented by a diverse mix of national and regional retailers, creating a vibrant and successful shopping destination. The available outlots provide an ideal opportunity for developers seeking to capitalize on the high-demand retail space in this rapidly growing area. The property is zoned for commercial use and is ready for immediate development, presenting a unique chance to establish a thriving business in a prime location with excellent visibility and strong consumer traffic. The size of the available lots allows for flexibility in development plans, catering to a variety of retail concepts. This is a rare opportunity to secure a prominent position in a successful and well-established retail center. The address is 150 Waterloo Commons Dr, Waterloo, IL 62298.

    Property Features for 150 Waterloo Cmns Dr

    General Information

    Property type
    Individual retail properties
    Lot Size
    24,394 SF

    HighLights

    • Schnucks‑anchored Waterloo Commons retail outlots available for development.
    • High‑traffic location at IL Hwy 3 (15,000 VPD) and N Market St (11,000 VPD).
    • Strong tenant mix including national and regional retailers driving significant consumer traffic.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Map

    City
    Waterloo
    County
    Monroe
    State
    Illinois
    Longitude
    -90.1528653
    Latitude
    38.3527395

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    FAQs

    What type of property is this?
    Individual retail property - Grocery-anchored retail land in Waterloo, IL
    Where is this individual retail property located?
    The property is located at 150 Waterloo Cmns Dr Waterloo, IL.
    What are key features of this property?
    This property features: Schnucks-anchored Waterloo Commons retail outlots available for development.; High-traffic location at IL Hwy 3 (15,000 VPD) and N Market St (11,000 VPD).; Strong tenant mix including national and regional retailers driving significant consumer traffic.
    Request Owner's contact information
    150 Waterloo Cmns Dr Waterloo, IL 62298
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    Waterloo, IL 62298
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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
    150 Waterloo Cmns Dr Waterloo, IL 62298
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