Photo 1 of 98
127 S Main Street
Waterloo, IL 62298
Active
$699,000
- Contact
- Narrative Real Estate314-480-5353jess@jessicaberchtold.com
About this home
**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 facts
- Bedrooms
- 0
- Bathrooms
- 0
- Lot size
- 0.196 acres
- Property type
- Commercial Sale
- Subdivision
- Waterloo
- Days on market
- 0
- Listed on
- Oct 26, 2026
Listing information
- Listing brokerage
- RE/MAX Results Realty618-216-4400
- Listing agent
- Judy Fruth-Long
- Listing number
- 26068062
- Status
- Active
Mortgage calculator
Taxes, insurance and HOA dues
Estimated monthly payment
$3,535
- Principal and interest
- $3,535
- Loan amount
- $559,200
This is an estimate, not a loan offer. Your lender gives the actual figures.