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    000 E Lincoln St Waterman, IL 60556

    For Sale
    $375,000

    Mixed Use - Waterman, IL

    Type:Mixed Use
    Days on Market:
    184
    Last Refresh:
    Dec 7 at 2:06 pm

    Property Features for 000 E Lincoln St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Zoning
    COMMR
    APN
    1416282018

    Building Details

    Year built
    1900
    Number of units
    6
    Flooring type
    Carpet, Vinyl
    Architectural style
    Other

    Honig Realty, Inc. (dba. Coldwell Banker Honig-Bell) (815) 553-2406 [email protected]

    Listing agent Nathan Gudmunson (815) 553-2406 License #475185944

    Listing date Jun 7, 2025

    MLS# 12381318 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterman Mixed-Use Investment Opportunity

    This mixed-use building presents a great investment opportunity in the heart of Waterman, Illinois. Situated on Route 30 in the center of downtown, the property offers a piece of local history. The building includes three upstairs apartments, with two currently rented and one vacant. A street-level apartment is also vacant. Additionally, there are two storefront commercial spaces, one currently leased and the other available. This configuration offers excellent potential for rental income or owner-occupancy. The property provides versatility, visibility, and value in a prime location, suitable for investors looking to expand their portfolio or buyers hoping to live and work in the same space. The zoning is COMMR.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Map

    City
    Waterman
    County
    DeKalb
    State
    Illinois
    Longitude
    -88.778
    Latitude
    41.7164

    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building in downtown Waterman with residential and commercial spaces.
    Where is this mixed-use property located?
    The property is located at 000 E Lincoln St Waterman, IL.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: - Prime location on Route 30 in downtown Waterman.; - Mixed-use building with residential and commercial spaces.; - Multiple rental income streams from apartments and storefronts.
    (815) 553-2406
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    000 E Lincoln St Waterman, IL 60556
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