Commercial Real Estate Market in Waterloo, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
26 active listings and 395 off-market properties in Waterloo, IL.
Market Trends
Waterloo, IL spans 143.0 square miles in Monroe County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Waterloo, IL runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Waterloo, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Waterloo, IL runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Waterloo, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 51.6%
- Agricultural 28.2%
- Industrial 11.7%
- Commercial 8.4%
Largest Zones share of zoned land by district
Agricultural District
One Family Dwelling District
Light Industrial District
One Family Dwelling District
Multiple Family Dwelling District
Waterloo, IL zones 5,348 acres across 10 districts. Commercial zoning covers 8.4% of zoned land, residential 51.6% and industrial 11.7%. The largest single district is Agricultural District at 28.2%. For commercial buyers the practical constraint is that only 20.1% of land carries a commercial or industrial designation.
Agricultural District (WA1)
District encompasses areas where soil, water, vegetal, and topographical resources generally provide conditions well suited to raising of crops and domestic animals
Market overview
Demographics & Economy
Waterloo, IL has 17,630 residents in 7,562 households. Density runs 123 people per square mile. Median household income here is $94,073 and median gross rent $884 a month.
17,630
Population
7,562
Households
2.3
Avg Household Size
44
Median Age
35%
College-Educated
96%
High-School Grad
143 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
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Wartburg | — | — |
| Foster Pond | — | — |
| Burksville | — | — |
| New Hanover | — | — |
Commercial property in Waterloo, IL asks $13/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Waterloo?
Commercial property in Waterloo, IL asks an average of $13 per square foot.
What zoning applies to commercial property in Waterloo?
Waterloo, IL zones 5,348 acres across 10 districts, of which 8.4% is commercial and 11.7% industrial. The largest single district is Agricultural District at 28.2% of zoned land. District encompasses areas where soil, water, vegetal, and topographical resources generally provide conditions well suited to raising of crops and domestic animals Residential zoning covers 51.6% and open space 0%.
Where does Realmo's Waterloo market data come from?
Realmo compiles Waterloo, IL figures from 7 recent recorded sales, 26 active sale listings, 395 tracked off-market properties, the current Waterloo zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 26 active for-sale and 0 active for-lease listings in Waterloo, IL. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 5,348 zoned acres across 10 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
