Property profile

250 Lincoln Hwy Waterman, IL 60556

OFF-MARKET
Mixed-use properties
2,240 SF Built 2001
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Property summary

AI-generated overview

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 profile

Verified
Property type Mixed-use properties
Year built 2001
Total area 2,240 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

250 Lincoln Hwy Waterman, IL 60556
Waterman metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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