824 Market St, Waterloo, IL 62298-1050
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.
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
WB3 · 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.