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250 Lincoln Hwy Waterman, IL 60556

Sponsored
For Sale
$375,000

Prime Highway Location, Income Producing Property

Property size:
2,240 SF

Description

Added:
Feb 3, 2025
Days on Market:
338
This unique investment property in Waterman, IL, presents a compelling opportunity. Located on a busy stretch of East Lincoln Highway, the property features a 2,240 square foot mixed-use building constructed in 2001. This pole-type structure, measuring 56 feet by 40 feet, currently houses two businesses, separated by temporary walls allowing for flexible reconfiguration to suit various needs. The building includes two bathrooms, plumbing with a floor drain on one side, a furnace, hanging heater, water heater, and central air conditioning. One side of the building is currently leased to a tenant, while the other side will be vacant upon sale. Adding to the income potential are eight mobile homes situated on the property. Seven of these mobile homes are owned by the seller, while one is privately owned. The mobile homes offer a diverse range of layouts, including two-bedroom, one-bathroom units

Property Features for 250 Lincoln Hwy

General Information

Property type
Mixed-use properties
Square Feet
2,240 SF

Building Details

Year Built
2001

Property Profile Location Intelligence

Current Use by Public Records

Mixed-use properties

Suggested Use

Restaurant Auto Repair Shop Wholesale Shop Hair Salon Hotel & Motel Gym & Fitness Pharmacy Auto Parts Store Department Store Discount Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Waterman
County
DeKalb
State
Illinois
Longitude
-88.77105
Latitude
41.76947

FAQs

What type of property is this?
Mixed-use property - Prime Highway Location, Income Producing Property
Where is this mixed-use property located?
The property is located at 250 Lincoln Hwy Waterman, IL.
What is the asking price?
The asking price for this property is $375,000.
More about this property
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