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$ 699,000
Est. payment /mo
New
127 S Main ST Waterloo, IL 62298
8,515 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Waterloo
MLS Listing ID 26068062
Annual Tax Amount $8,232
Lot Size 8,515 Sqft
Acres 0.1955
Property Description
**RARE DOWNTOWN WATERLOO MIXED-USE INVESTMENT OPPORTUNITY!** Discover the possibilities at 127 S. Main Street, offering approximately 10,194 square feet across three levels in the heart of historic downtown Waterloo, Illinois. This substantial commercial property features approximately 3,814 square feet of main-level retail space, providing flexibility for retail, professional offices, salon, boutique, or other business ventures. The second floor encompasses approximately 3,190 square feet with three existing apartments offering renovation and future rental income potential. An additional 3,190-square-foot unfinished third floor features four spacious rooms, presenting possibilities for future expansion, conversion, or creative redevelopment. Rich in historic character and prominently situated along Main Street, this property offers excellent visibility and proximity to downtown shopping, dining, and local businesses. Whether you're an investor seeking a value-add opportunity, an entrepreneur looking to establish a downtown presence, or a developer envisioning the next chapter for this distinctive property, the possibilities are worth exploring. Property is being offered in its current condition. Potential uses, renovations, and occupancy are subject to applicable zoning, permitting, and municipal approvals. Metal roof is 8 years old and includes all 3 elevations. Retail space has it's own HVAC.
Location
State IL
County Monroe
Interior
Fireplace N
Exterior
View Y/N No
Building
Structure Type Brick
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by Judy Fruth-Long • RE/MAX Results Realty