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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

150 Waterloo Commons Dr Waterloo, IL 62298

0.56 ac lot
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retail properties & Spaces
Lot 0.56 ac (24,394 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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