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    E Lincoln St Waterman, IL 60556

    Sponsored
    For Sale
    $375,000

    COMMERCIAL - Waterman, IL

    Lot size:
    0.06 Acres
    Days on Market:
    153
    Last Refresh:
    Jan 6 at 8:06 pm

    Property Features for E Lincoln St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR
    APN
    1416282018
    Lot size
    0.06 Acres

    Building Details

    Year built
    1900
    Floors in Building
    2
    Number of units
    6
    Flooring type
    Vinyl, Carpet
    Building materials
    Brick

    Honig Realty, Inc. (dba. Coldwell Banker Honig-Bell) (815) 553-2411 [email protected]

    Listing agent Nathan Gudmunson (815) 970-0001

    Listing date Aug 7, 2025

    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

    Mixed-Use Building in Waterman, IL

    This mixed-use building is located in downtown Waterman, Illinois, on Route 30. The property includes three upstairs apartments, two of which are currently rented, and one street-level apartment that is vacant. Additionally, there are two storefront commercial spaces, with one currently leased and the other available. This property offers potential for rental income or owner-occupancy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront 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 with apartments and commercial spaces in downtown Waterman.
    Where is this mixed-use property located?
    The property is located at 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.; - Potential for rental income from multiple units (apartments and storefronts).
    (815) 553-2406
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    E Lincoln St Waterman, IL 60556
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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
    E Lincoln St Waterman, IL 60556
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