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    Waterman, IL
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    Waterman, IL Multifamily Properties for Sale

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    Shabbona, IL Dekalb, IL Hinckley, IL
    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.

    Opportunities in Nearby Cities

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

    DeKalb Mixed-Use Investment Opportunity
    $279,000
    0.19 Acres

    DeKalb Mixed-Use Investment Opportunity

    Mixed-use building in DeKalb's Central Business District.

    217 S 3rd Street, Dekalb, IL 60115
    View details
    DeKalb Multifamily Investment Opportunity
    $649,900
    0.12 Acres

    DeKalb Multifamily Investment Opportunity

    Multifamily property for sale in DeKalb, Illinois.

    116 N 9th Street, Dekalb, IL 60115
    View details
    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
    Hinckley, IL Commercial Property
    $165,000
    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
    Residential Land in Riverdale
    Contact for pricing
    0.67 Acres

    Residential Land in Riverdale

    Vacant residential land suitable for building or mobile home placement.

    TBD N Lumberjack Road, Riverdale, MI 48877
    View details
    Belleville Buildable Residential Lot
    Contact for pricing
    0.63 Acres

    Belleville Buildable Residential Lot

    0.66 acre lot in Villa Hills, St. Clair County.

    632 Fern Drive, Belleville, IL 62223
    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 2,240 square feet of properties for sale, with an estimated market value of $355,000.

    Sale prices for multifamily properties in Waterman, IL start at $355,000, averaging $355,000, and reaching up to $355,000 — 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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    Top Commercial Asset Segments

    Apartment buildings 1
    Mobile home & RV parks 1

    Demographics Overview

    Population 2,156
    Population Growth (5Y) +6.3%
    Median Household Income $94,625
    College Educated 36.8%

    High-Yield Neighborhoods for Strategic Investment

    Identify Waterman submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    60556 $365K

    Taxes & Financing

    Tax Rate (average for all types) 7.87%
    Average Loan-to-Value 65.0%

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