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ActiveCommercial Sale

127 Main Street

Waterloo, IL 62298

$699,000.00
0.20 acres

About this property

**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.

Property details

Property & listing

Property type
Commercial Sale
County
Monroe
MLS number
26068062
Days on market
0
On market
Oct 26, 2026

Exterior, lot & parking

Lot area (sq ft)
8,516
Lot size
0.20 acres
Construction Materials
Brick

Taxes & association

Annual taxes
$8,232.00
Tax year
2025

Location

127 Main Street, Waterloo, IL 62298

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Judy Fruth-Long
RE/MAX Results Realty

618-444-8088

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Listing provided by RE/MAX Results Realty · MLS 26068062. Last updated Oct 27, 2026.

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127 Main Street, Waterloo, IL 62298