0 Northwinds Dr Waterloo, IL 62298
This bank-owned property offers two exceptional development parcels in Waterloo, Illinois, totaling 24.26 acres. Lot 5 encompasses 1.88 acres, priced at $1.50 per square foot ($122,839), while the expansive Lot 6 comprises 22.38 acres, priced at $0.75 per square foot ($731,155). The combined asking price for both lots is $853,994. Strategically located along Route 3, this high-visibility site benefits from existing utilities and street improvements, minimizing development costs. Situated within an Enterprise Zone, this property presents a compelling investment opportunity for businesses seeking a prime location with significant development potential. The property is zoned B-3, making it suitable for a wide range of commercial uses. APN numbers are 07-12-165-003-000 and 300-002. This is a rare chance to acquire substantial commercial land in a thriving area.
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.