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    100 Adams St Waterman, IL 60556

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    For Sale
    Contact for pricing

    Profitable Waterman, IL business for sale

    Property size:
    3,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use commercial property, located at 100 E Adams St, Waterman, IL 60556, presents a unique investment opportunity. The 3,000-3,600 square foot, single-story building boasts a 100% occupancy rate and is currently operating as a bar, gaming, and lottery establishment. A key component is the kitchen, currently leased until April 1, 2027, generating a consistent monthly income of $2,500, inclusive of utilities and equipment maintenance. Recent improvements include a new walk-in cooler (installed a couple of years ago), a parking lot and dining room floor renovation completed in 2022, and a roof approximately 10 years old. The property benefits from city water and sewer connections. The building is available for sale with multiple financing options considered, including outright purchase, owner financing, or lease. The current owner is retiring, making this a turnkey operation ready for a new owner. The lease on the property is for five years, commencing April 1, 2022, and expiring April 1, 2027, leaving approximately 2.4 years remaining. All reasonable offers will be considered.

    Property Features for 100 Adams St

    General Information

    Property type
    Retail properties
    Square Feet
    3,000 SF

    Building Details

    Stories
    1

    HighLights

    • Exceptional mixed‑use investment opportunity in Waterman, IL.
    • 3,000‑3,600 SF single‑story building with 100% occupancy, currently operating as a bar, gaming, and lottery establishment.
    • Kitchen leased until April 1, 2027, generating $2,500/month in rent (includes utilities and maintenance).
    • Recent improvements include a new walk‑in cooler, 2022 parking lot and dining room renovations, and a roof (approx. 10 years old). City water and sewer.
    • Multiple financing options available: outright purchase, owner financing, or lease. Seller is retiring. All reasonable offers considered.
    Property Profile Location Intelligence

    Current Use by Public Records

    ATM Atm Pub West Pub

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterman
    County
    DeKalb
    State
    Illinois
    Longitude
    -88.7731668
    Latitude
    41.7684725

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Retail property - Profitable Waterman, IL business for sale
    Where is this retail property located?
    The property is located at 100 Adams St Waterman, IL.
    What are key features of this property?
    This property features: Exceptional mixed-use investment opportunity in Waterman, IL.; 3,000-3,600 SF single-story building with 100% occupancy, currently operating as a bar, gaming, and lottery establishment.; Kitchen leased until April 1, 2027, generating $2,500/month in rent (includes utilities and maintenance).
    Request Owner's contact information
    100 Adams St 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
    100 Adams St Waterman, IL 60556
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