Mixed-Use Building with
For Sale
$295,000
E Lincoln Street, Waterman, IL 60556
Commercial Sale, Waterman, IL
Property SizeContact for details
Lot Size0.06 Acres
Days on Market48
Property Features for E Lincoln Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMR
Directions
North West Corner of Cedar Street and US Route 30.
Subdivision
Waterman
Standard status
Active
APN
1416282018
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4908
Building Details
Year built
1900
Floors in Building
2
Number of units
6
Flooring type
Carpet, Vinyl
Building materials
Brick
Listing Agency:
Coldwell Banker Real Estate Group
(815) 756-2557
Listed By:
Nathan Gudmunson · License #475185944
(815) 553-2411
Added: Jul 10
Changed: Aug 20
Last Checked: Aug 26 at 11:06AM
MLS# 12698526
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
Built in 1900, this brick mixed-use building combines residential units with commercial space. The upper level contains three apartments, including two that are rented and one that is vacant. A separate apartment at street level is also vacant.
Two storefront spaces add a commercial component to the property, with one currently leased and the other available. The building is located in downtown Waterman along Route 30 and carries COMMR zoning. Interior finishes include vinyl and carpet flooring, and the site measures 0.0645 acres.
Two storefront spaces add a commercial component to the property, with one currently leased and the other available. The building is located in downtown Waterman along Route 30 and carries COMMR zoning. Interior finishes include vinyl and carpet flooring, and the site measures 0.0645 acres.
Key Highlights
- Three upstairs apartments; two are rented and one is vacant
- Street‑level apartment is currently vacant
- Two storefront commercial spaces, with one leased and one available
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
Explore this area
Business Placement
Demographics for 60556, IL
1,956
Population
781
Households
2.5
Avg Household Size
39
Median Age
28%
College-Educated
90%
High-School Grad
52.4 sq mi
ZIP Area
37
Density / Sq Mi
$94,625
Median Household Income
$46,979
Median Earnings
$967
Median Rent
$242,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick mixed-use property with apartments and street-level commercial space.
Where is this mixed-use property located?
The property is located at E Lincoln Street Waterman, IL.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Three upstairs apartments; two are rented and one is vacant; Street‑level apartment is currently vacant; Two storefront commercial spaces, with one leased and one available
