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    Hh Rd And Market St Waterloo, IL 62298

    Sponsored
    For Sale
    $400,000

    3.4-acre development site, divisible, B-3 zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3.4-acre commercial land parcel presents a unique investment opportunity in Waterloo, Illinois. Ideally situated at the intersection of HH Road and Market Street, this property boasts a highly desirable B-3 zoning designation, allowing for a wide range of commercial development possibilities. The site is conveniently located half a block from the well-lit intersection of IL Route 3, ensuring high visibility and accessibility. Its prime location directly across from a Walmart Supercenter, Denny's, and numerous retail shops and restaurants within Waterloo Plaza guarantees significant foot traffic and consumer exposure. The property offers substantial advantages with an average daily traffic count (ADT) of 24,100 vehicles on IL-3 and 11,000 on North Market Street. All utilities are readily available, simplifying development plans. The land is offered for sale at $400,000, translating to a land value of $2.70 per square foot. The property's size allows for division, catering to various development needs and investment strategies. This is an exceptional opportunity to acquire a strategically positioned commercial property in a thriving retail area. The parcel's APN is 07-13-300-004. The total acreage ranges from 1.5 to 3.4 acres.

    Property Features for 0 Hh Rd And Market St

    General Information

    Property type
    Farms
    Lot Size
    65,340 SF

    HighLights

    • Listing #26.0
    • For Sale
    • 3.4‑acre commercial land parcel
    • $400,000 sale price
    • $2.70 per square foot
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Waterloo
    County
    Monroe
    State
    Illinois
    Longitude
    -90.1551506
    Latitude
    38.3604844

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    FAQs

    What type of property is this?
    Farm - 3.4-acre development site, divisible, B-3 zoning.
    Where is this farm located?
    The property is located at Hh Rd And Market St Waterloo, IL.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: Listing #26.0; For Sale; 3.4-acre commercial land parcel
    Request Owner's contact information
    Hh Rd And Market St 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
    Hh Rd And Market St Waterloo, IL 62298
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