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Property profile & analytics
FOR LEASE
Office Spaces

509 Hamacher St Waterloo, IL 62298

3.05 ac lot
Individually Owned 11-yr Hold Absentee Owner Free & Clear
Property ID
US28-4908749
509 Hamacher St, Waterloo, IL 62298 For Lease
Contact for pricing 5,384 SF available
509 Hamacher St, Waterloo, IL 62298
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Property summary
AI-generated overview

This exceptional investment opportunity encompasses three medical office buildings totaling 41,485 square feet, strategically located in Waterloo, Illinois. The property sits on a sizable 8.03-acre lot, providing ample space for expansion or future development. The buildings currently house a diverse mix of medical tenants, making this a stable and attractive investment. The sale includes three distinct parcels: Lot 4 (1.32 acres), Lot 5 (2.41 acres), and Lot 6 (4.3 acres) of vacant land. This is the only medical office complex in Waterloo, offering a unique opportunity to acquire a dominant position in the local healthcare market. The buildings are well-maintained and provide ample space for lease to medical professionals. The property's location in Monroe County, Illinois, offers convenient access to major transportation routes and a growing community. This is a rare chance to purchase a substantial medical office portfolio with significant potential for growth and return on investment. Detailed financial information is available upon request. The property is offered for sale as a complete package, presenting a compelling opportunity for investors seeking a strong foothold in the Illinois medical real estate market. Contact us today to learn more about this exceptional offering.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Lot 3.05 ac (132,858 SF)
Zoning code WR5
APN 08-19-401-001-000
UPID US28-4908749
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Gah C3 Waterloo Il Mob & Imagi · 11 yrs held
Gah C3 Waterloo Il Mob & Imagi
since 2015
7 recorded transactions
2015
Price N/A
2010
$206,000
2009
Price N/A
2006
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
WR5 · Waterloo, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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