North Main Street

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North Main Street

Waterloo, IL 62298
Asking Price
$295K
Asset Type
Residential Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Residential land available for purchase on North Main Street.
  • The property is situated within the Waterloo, Illinois market.
  • Asset is currently offered with an asking price of $295,000.
  • Located in the 62298 ZIP code within the St. Louis metro.
  • Site provides development potential for various residential housing applications.

What's Special

Waterloo serves as a growing community within the St. Louis metropolitan area, offering a balance of suburban accessibility and local charm. This residential land parcel, situated on North Main Street, provides a development opportunity in a region characterized by consistent demand for housing. The site spans a strategic location within the 62298 ZIP code, positioning it for potential residential construction suited to the needs of the local market. Investors and developers can evaluate this property for various residential configurations, taking advantage of the established infrastructure and connectivity that define this part of the metro area. As residential expansion continues across the region, this plot represents a tangible asset for those looking to build within the Waterloo landscape. The availability of this land on a primary thoroughfare enhances its visibility and accessibility, serving as a functional canvas for upcoming housing projects in Monroe County.

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NOI
$80,000
Cap Rate
27.12%
DSCR
4.57
Strong
Cash-on-Cash
70.61%
Monthly Payment
$1,459.499
Annual Cash Flow
$62,486.011

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