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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

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    Nearby Similar for Sale

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      Mixed-Use Building in Waterman, IL

      Mixed-use building with apartments and commercial spaces in downtown Waterman.
      E Lincoln St, Waterman, IL 60556
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      3,000 SF

      Adams Street Mixed-Use Business

      Profitable Waterman, IL business for sale
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    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.
    (815) 756-1691
    Request Owner's contact information
    250 Lincoln Hwy Waterman, IL 60556
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    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
    250 Lincoln Hwy Waterman, IL 60556
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