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    Waterman, IL
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    Waterman, IL Residential Income 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.

    Historic Farmhouse with Modern Updates
    $249,900
    1,824 SF

    Historic Farmhouse with Modern Updates

    Charming farmhouse with modern updates on a 1/3 acre lot.

    742 S 4th St, Dekalb, IL 60115
    View details
    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
    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.

    Flat 1.18-Acre Building Lot
    $55,000
    1.18 Acres

    Flat 1.18-Acre Building Lot

    Ready for building your dream home in the country.

    15582 Douglas Avenue lot: 25, Sandwich, IL 60548
    View details
    Residential Land in DeKalb, Illinois
    $49,900
    0.31 Acres

    Residential Land in DeKalb, Illinois

    Residential land for custom home construction, convenient location near amenities.

    Pebble Beach Court lot: 78, Dekalb, IL 60115
    View details
    Residential Land in DeKalb, Illinois
    $49,900
    0.28 Acres

    Residential Land in DeKalb, Illinois

    Residential land for custom home construction near DeKalb amenities.

    Pebble Beach Court lot: 77, Dekalb, IL 60115
    View details
    DeKalb Corner Lot Opportunity
    $32,990
    0.26 Acres

    DeKalb Corner Lot Opportunity

    Corner lot in DeKalb near amenities and upcoming development.

    Pebble Beach Court lot: 66, Dekalb, IL 60115
    View details

    Waterman, IL Residential Income Properties Investment Opportunities Market Analysis

    Explore 2 residential income 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 residential income 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

    Multifamily properties 2
    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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