250 Lincoln Hwy Waterman, IL 60556
- Mixed-use properties
- 2,240 SF
Current Use by Public Records
- Mixed-use properties
Property Details for 250 Lincoln Hwy
- Year built
- 2001
- Property size
- 2,240 SF
- Property type
- Mixed-use properties
Description
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
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Waterman
- County
- DeKalb
- State
- Illinois
- Longitude
- -88.771
- Latitude
- 41.7695
