Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    212 Lincoln Hwy, Waterman, IL 60556-9732

    0.1 ac lot
    Individually Owned Free & Clear
    Property ID
    US28-1587438
    Property summary
    AI-generated overview

    This 2,288 square foot commercial building located at 212 W Lincoln Highway in Waterman, IL, presents a unique investment opportunity. Currently operating as a laundromat, the property boasts 10 standard washing machines, two heavy-duty washers, and 7 dryers. All laundry equipment is included in the sale as-is. The front of the building includes a single bathroom. The rear section, historically used as a dining room/event space, features attractive barnwood paneling and is connected to the adjacent building at 208 W Lincoln Highway. This rear area benefits from central air conditioning and includes two additional bathrooms. The property's versatility allows for a variety of uses, including continued operation as a laundromat, or repurposing for retail, office space, or an event venue. The building's size and layout offer significant potential for creative adaptation. The property is being sold as-is. Note that the adjacent building at 208 W Lincoln Highway is also available for purchase, presenting an exceptional opportunity to acquire both properties for a combined use, such as a bar or music venue. The combined properties offer a significant footprint for a larger-scale commercial venture. The asking price for this property is $129,900.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 0.1 ac (4,144 SF)
    APN 14-16-282-015
    UPID US28-1587438
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Sacc-O-Suds (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    THOMAS J HOULAHAN
    THOMAS J HOULAHAN
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 212 Lincoln Hwy?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message