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Property profile & analytics
OFF-MARKET
Refrigerated & Cold Storage

5901 Il-3 Waterloo, IL 62298

28,683 SF 9.2 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 28,683-square-foot cold storage facility in Waterloo, Illinois, is offered at $1,500,000. Located on a spacious 9.2-acre lot, this property boasts a main building with FDA approval and additional USDA-approved areas, ideal for food-grade manufacturing. The facility includes extensive refrigerated and freezer space, totaling 5,044 square feet of coolers maintained at 34-38°F and 3,321 square feet of freezers ranging from -10°F to 0°F. Efficient operations are ensured by eight dock-high doors and one drive-in door. Currently vacant, this property presents a significant opportunity for businesses seeking a well-equipped, spacious, and strategically located cold storage solution. The property is classified as both retail and industrial and is situated at 5901 IL-3, Waterloo, IL 62298, in Monroe County. The price per square foot is $55.78. This turnkey operation is ready for immediate occupancy. The expansive lot size offers significant potential for future expansion or development. Don't miss this chance to acquire a high-quality, established cold storage facility in a desirable location.

Property profile
Verified
Property type Refrigerated & Cold Storage
Total area 28,683 SF
Lot 9.2 ac (400,752 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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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