150 Waterloo Commons Dr Waterloo, IL 62298
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.