Hwy 3/Gall Rd Waterloo, IL 62298
- Land
- 61.00 lot acres
Current Use by Public Records
- Land
Property Details for 0 Hwy 3/Gall Rd
- Lot size
- 61.00 lot acres
- Property type
- Land
- Property subtype
- Industrial properties
Description
This exceptional 61-acre property in Waterloo, Illinois, presents a unique investment opportunity. Located at 0 Highway 3/Gall Road, this expansive parcel boasts a highly desirable B-3 Commercial and I-1 Light Industrial zoning, allowing for diverse development possibilities. The land offers half-mile frontage on Highway 3, a major thoroughfare with 15,000 daily traffic counts, and an additional half-mile frontage on Gall Road, ensuring high visibility and accessibility. Its strategic location within Waterloo positions it perfectly for growth, situated in a path of significant development. Utilities including water, sewer, electric, and gas are readily available in the adjacent right-of-way, simplifying infrastructure needs. The property is situated within an Enterprise Zone, offering potential tax incentives. The seller is willing to divide the land to accommodate various project sizes and development plans. This mixed-use potential allows for a blend of commercial and residential development, catering to a wide range of investment strategies. The asking price is $1,281,000. Don't miss this chance to acquire a substantial tract of land with exceptional potential in a thriving area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Waterloo
- County
- Monroe
- State
- Illinois
- Longitude
- -90.1682
- Latitude
- 38.2954
