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689 Rural Route 1
Waterloo, IL 62298
O Highway 3/Gall Road · Land For Sale
·
61.39 AC
INVESTMENT HIGHLIGHTS
- Dual frontage on Highway 3 and Gall Road with high traffic counts
- Prime 61-acre site in Waterloo’s growth corridor
- Enterprise Zone designation with tax incentives
EXECUTIVE SUMMARY
Zoned B-3 Commercial and I-1 Light Industrial, the site supports a wide range of development possibilities—from retail and office parks to light industrial facilities and residential components. All essential utilities, including water, sewer, electric, and gas, are readily available in the adjacent right-of-way, streamlining the development process. The property sits within Waterloo’s dynamic path of growth, surrounded by established retailers such as Walmart, Schnucks, and Rural King, as well as schools, medical offices, and county government facilities.
With strong demographics—average household incomes exceeding $100,000 within a 10-mile radius—the area offers a robust consumer base and workforce. Its central location provides convenient connectivity to major regional hubs, making it ideal for businesses seeking visibility and accessibility. Whether you envision a large-scale commercial center, a light industrial park, or a thoughtfully integrated mixed-use community, this property delivers the scale, zoning flexibility, and infrastructure to bring your vision to life.
With strong demographics—average household incomes exceeding $100,000 within a 10-mile radius—the area offers a robust consumer base and workforce. Its central location provides convenient connectivity to major regional hubs, making it ideal for businesses seeking visibility and accessibility. Whether you envision a large-scale commercial center, a light industrial park, or a thoughtfully integrated mixed-use community, this property delivers the scale, zoning flexibility, and infrastructure to bring your vision to life.
PROPERTY FACTS
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | |
| Property Type | Land | Total Lot Size | 61.39 AC |
| Zoning | B-3 / I-1 - Commercial / Light Industrial | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 61.39 AC |
| Zoning | B-3 / I-1 - Commercial / Light Industrial |
1 LOT AVAILABLE
Lot
| Price | $1,525,000 | Lot Size | 61.00 AC |
| Price Per AC | $25,000.00 |
| Price | $1,525,000 |
| Price Per AC | $25,000.00 |
| Lot Size | 61.00 AC |
DESCRIPTION
Positioned in the heart of Waterloo’s growth corridor, this 61-acre tract offers a rare opportunity for developers and investors seeking a strategic mixed-use site. Located at the intersection of Highway 3 and Gall Road, the property boasts a commanding half-mile frontage along both thoroughfares, ensuring exceptional visibility and access to over 15,000 daily traffic counts. Its inclusion in an Enterprise Zone provides significant tax incentives, enhancing long-term investment returns.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $23,271 | Total Assessment | $23,271 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$23,271
Improvements Assessment
$0
Total Assessment
$23,271
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