509 Hamacher St Waterloo, IL 62298
For Lease
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
WR5 · Waterloo, ILWaterloo. Always verify with local authorities before improvements.
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.