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Property profile & analytics
OFF-MARKET
Land

0 Northwinds Dr Waterloo, IL 62298

1.88 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 1.88 ac (81,893 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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