Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
WB3 · Waterloo, ILDistrict 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
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for WB3 in Waterloo, IL.
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