Property profile

824 Market St Waterloo, IL 62298

OFF-MARKET
Commercial real estate
Property ID
US28-1485496
1.18 ac lot
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 3,560 square foot commercial building is ideally situated near the intersection of Route 3 at the north end of Waterloo, Illinois. The property sits on a generous 1.18-acre lot, providing ample parking for employees and clients. Additional land behind the building offers potential for expansion, further parking, or future development. The building's interior boasts a welcoming atmosphere, beginning with a large lobby featuring a reception desk, waiting area, and a small workstation. Fourteen individual offices surround the perimeter, offering flexibility for various business needs. Several offices could easily be converted into additional conference spaces if required. A central location houses two restrooms, a kitchen area, and a mailroom, enhancing convenience and functionality. A sizable storage and utility room is located at the rear of the building. The property's versatile layout and substantial square footage make it suitable for a wide range of commercial uses, presenting a significant opportunity for businesses seeking a prominent Waterloo location with ample space and parking. The building's excellent location and adaptable design make it an attractive investment opportunity.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 1.18 ac (51,401 SF)
Zoning code WB3
APN 07-24-202-001-000
UPID US28-1485496

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

824 Market St Waterloo, IL 62298-1050
Waterloo metro Census 600401 ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2025
Last sale
$637,500
5 recorded transactions
2025
$637,500
2017
Price N/A
2007
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

WB3 · Waterloo, IL
Zoning description

District is intended to provide for areas in which pedestrian-oriented comparative shopping facilities for retail sales and services would be encouraged and inappropriate or incompatible uses would be prohibited

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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