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    Hwy 3/Gall Rd Waterloo, IL 62298

    For Sale
    $1,281,000

    Prime Commercial/Industrial Land, Hwy 3 Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 61-acre property in Waterloo, Illinois, presents a unique investment opportunity. Located at 0 Highway 3/Gall Road, this expansive parcel boasts a highly desirable B-3 Commercial and I-1 Light Industrial zoning, allowing for diverse development possibilities. The land offers half-mile frontage on Highway 3, a major thoroughfare with 15,000 daily traffic counts, and an additional half-mile frontage on Gall Road, ensuring high visibility and accessibility. Its strategic location within Waterloo positions it perfectly for growth, situated in a path of significant development. Utilities including water, sewer, electric, and gas are readily available in the adjacent right-of-way, simplifying infrastructure needs. The property is situated within an Enterprise Zone, offering potential tax incentives. The seller is willing to divide the land to accommodate various project sizes and development plans. This mixed-use potential allows for a blend of commercial and residential development, catering to a wide range of investment strategies. The asking price is $1,281,000. Don't miss this chance to acquire a substantial tract of land with exceptional potential in a thriving area.

    Property Features for 0 Hwy 3/Gall Rd

    General Information

    Property type
    Land
    Lot Size
    2,657,160 SF

    HighLights

    • 61‑acre site, divisible parcels available.
    • Located within an Enterprise Zone.
    • B‑3 Commercial and I‑1 Light Industrial zoning.
    • 0.5‑mile frontage on Hwy 3, 15,000 daily traffic count.
    • 0.5‑mile frontage on Gall Road.
    • Mixed‑use development potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Waterloo
    County
    Monroe
    State
    Illinois
    Longitude
    -90.1682271
    Latitude
    38.2953699

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    FAQs

    What type of property is this?
    Land - Prime Commercial/Industrial Land, Hwy 3 Frontage
    Where is this land located?
    The property is located at Hwy 3/Gall Rd Waterloo, IL.
    What is the asking price?
    The asking price for this property is $1,281,000.
    What are key features of this property?
    This property features: 61-acre site, divisible parcels available.; Located within an Enterprise Zone.; B-3 Commercial and I-1 Light Industrial zoning.
    Request Owner's contact information
    Hwy 3/Gall Rd 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
    Hwy 3/Gall Rd Waterloo, IL 62298
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