# 111 W 3rd Street, Waterloo, IL 62298

> **TL;DR:** commercial, $500,000, built 1980. Est. $2,167/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $500,000 |
| Year Built | 1980 |
| Lot Size | 14,318 sqft (0.33 acres) |
| Property Type | Commercial (Mixed Use) |
| Status | For Sale |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,167 |
| **Total** | **$2,167** |

## Property Highlights

- Built in 1980
- 0.33 acre lot

## Description

### Agent Description
Incredible Commercial Opportunity in the Heart of Town!

This massive, all-brick commercial building is packed with potential and perfectly positioned right in the middle of town. Whether you're dreaming of opening a vibrant restaurant, developing an indoor recreation facility (hello, indoor pickleball!), launching a unique event venue, or creating an open-air market—the possibilities here are truly endless.

The building offers expansive square footage, tall ceilings, and exposed beams, giving it that raw, industrial charm developers love. There's plenty of open space inside to bring your vision to life, and the layout provides flexibility for a wide range of commercial uses.

Please note: The year built listed in public records is not accurate.

Don't miss your chance to reimagine this space and bring something amazing to the community. Opportunities like this don’t come around often!

## Location

- **Address:** 111 W 3rd Street, Waterloo, IL 62298
- **County:** Monroe
- **Neighborhood:** Not in a subdivision
- **Coordinates:** 38.335232, -90.151126
- **Google Maps:** https://www.google.com/maps?q=38.335232,-90.151126

## Listing Agent

- **Name:** Monica Schmidt
- **Brokerage:** eXp Realty
- **Phone:** 8885749405
- **Email:** il.broker@exprealty.net

## Primary Photo

![111 W 3rd Street - Primary Photo](http://lh.rdcpix.com/adf2f11877672af03e6f02ecac1ae9b9l-f310899889r.jpg)

*16 total photos available on [listing page](https://www.propertysimple.com/listing/111-w-3rd-street-waterloo-il-62298-25036287)*

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**MLS#:** 25036287 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/111-w-3rd-street-waterloo-il-62298-25036287)

---

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