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    Waterman, IL Multifamily Properties for Sale

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    Mixed-Use Building in Waterman, IL
    $375,000
    0.06 Acres

    Mixed-Use Building in Waterman, IL

    E Lincoln Street, Waterman, IL 60556

    Mixed-use property with apartments and commercial spaces in downtown Waterman.

    • Prime location in the heart of downtown Waterman on Route 30.
    • Mixed‑use building with both residential (apartments) and commercial (storefront) spaces.
    • Potential for rental income from multiple units (apartments and storefronts).
    • Two of three upstairs apartments are currently rented.
    • Opportunity for owner‑occupancy in vacant apartment or storefront.
    Updated: Jun 7, 2025
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    Mixed-Use Property with Rental Income
    $355,000
    2,240 SF

    Mixed-Use Property with Rental Income

    250 E Lincoln Highway, Waterman, IL 60556

    Unique mixed-use property featuring commercial space and mobile home rentals.

    • Income‑generating investment property with 7 owned mobile homes and rental income potential from the commercial building.
    • Commercial building (56 X 40) with flexible layout due to temporary walls, suitable for various business needs.
    • High‑visibility location on a busy highway, ideal for attracting customers to a business.
    • Building equipped with essential utilities: furnace, hanging heater, water heater, central air, 2 bathrooms, and plumbing with a floor drain on one side.
    • Mix of mobile home sizes (2‑4 bedrooms) to attract a variety of tenants.
    Updated: Mar 24
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    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Waterman, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Explore Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Hinckley, IL Commercial Property
    $380,000
    0.07 Acres

    Hinckley, IL Commercial Property

    Commercial property for sale in Hinckley, Illinois.

    105 E Lincoln Avenue, Hinckley, IL 60520
    View details
    Multifamily Property with Income Potential
    $459,000
    0.20 Acres

    Multifamily Property with Income Potential

    Historic 10-unit multifamily property with full occupancy and income potential.

    105 N Depot Street, Somonauk, IL 60552
    View details
    Somonauk Multifamily Property For Sale
    $459,000
    0.20 Acres

    Somonauk Multifamily Property For Sale

    Multifamily property in Somonauk, Illinois, ideal for residential income.

    105 N Depot Street, Somonauk, IL 60552
    View details
    Hinckley, IL Commercial Property
    $170,000
    0.14 Acres

    Hinckley, IL Commercial Property

    Commercial property for sale in Hinckley, Illinois.

    146 E LINCOLN Avenue, Hinckley, IL 60520
    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Vacant Lot in Gated Community
    Contact for pricing
    0.12 Acres

    Vacant Lot in Gated Community

    Vacant lot in gated community with many amenities for seasonal living.

    2795 E 28th Lot 1205 Road, Seneca, IL 61360
    View details
    University Park Developable Land
    Contact for pricing
    3.20 Acres

    University Park Developable Land

    3.2 acres with 24 concrete housing pads in University Park.

    976 Mesa Court, University Park, IL 60484
    View details
    Waterfront Land on Fish Lake
    $550,000
    4.00 Acres

    Waterfront Land on Fish Lake

    4+ acres of waterfront property on crystal-clear Fish Lake.

    W12381 COUNTY ROAD GG, Hancock, WI 54943
    View details
    Grocery Store and Mobile Park
    $950,000
    7.00 Acres

    Grocery Store and Mobile Park

    Value-add opportunity: grocery store and mobile home park.

    5209 Massachusetts Avenue, Indianapolis, IN 46218
    View details

    Waterman, IL Multifamily Properties Investment Opportunities Market Analysis

    Explore 2 multifamily properties for sale in Waterman, IL on our real estate platform. These investment opportunities span a total of 2,810 square feet of properties for sale, with an estimated market value of $375,000.

    Sale prices for multifamily properties in Waterman, IL start at $375,000, averaging $375,000, and reaching up to $375,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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