210 E Lincoln Highway Waterman, IL $ 250,000
210 E Lincoln Highway
$ 250,000
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210 E Lincoln Highway

Waterman, IL, 60556
$ 250,000
Baths0.0

Monthly Estimate*

$ 1,662

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Studio Commercial Property for sale in Waterman, IL for $250,000.

A great investment in a high-traffic area with tons of potential uses. TIF funding has been approved for a proposed restaurant/bar project, but funding can be approved for other uses as the property is located in a TIF-approved area. The property was in the process of being converted to a restaurant/bar with a gaming area and 2 apartments. Approved plans and drawings for the restaurant/bar and a parking lot (for the second lot) are in "additional information." Currently, there are 3 apartments, a restaurant/bar area with a kitchen, and a banquet hall/lounge area that can be rented immediately. The property offers a second lot (already approved TIF funding to be converted into a parking lot), a 14x45 heated garage, new windows, a full kitchen with an exhaust vent, commercial-size sinks, and stoves. This building could be re-purposed to all apartments, a mix of different professional services, retail, or a nice restaurant. The possibilities are endless; this property was previously used as a church and bowling alley! There is plenty of space in the basement for storage. Floor plans do not show the 2-bedroom apartment or basement area.

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Commercial Active

Price

$ 250,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 5,641

Style

Commercial

Town/City

Waterman

County/Region

DEKALB

MLS | Web ID

12057145

Features
General
Cooling Central Air Zoned
Utilities Electric to Site Gas to Site Sanitary Sewer Water to Site
Possession Closing
Roof Composition
Zoning COMMR
Construction Materials Brick
Year Built 0
Electric Circuit Breakers Separate Meters
Tenant Pays Electricity Heat
Stories 1
Township Clinton
Property SubType Mixed Use
Tax Year 2022
Current Use Commercial
Gross Income 2000
County DeKalb
Net Operating Income 0
Operating Expense 0
Insurance Expense 1800
Property Type Commercial Sale Mixed Use
Possible Use Commercial Conditional Use Condominium Office and Research Development Multi-Family Retail
Status Active
Directions Route 30 west from Aurora Sugar Grove or Big Rock or east from I'39.
City Waterman
NumberOfUnitsTotal 4
MLS Area Waterman
Lot Size Square Feet 0
Street Name Lincoln
Tax Annual Amount 5641
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Virtual Tour https://tour.vht.com/434388694/IDX
Days on Market 12
Standard Status Active
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Interior
Flooring Carpet Concrete Parquet Varies Wood
Street Suffix Highway
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Exterior
Foundation Details Block Concrete Perimeter
Lot Dimensions 148' X 60' X 38' X 13'
Frontage Type City Street County Road Public Road US Highway
Exterior Brick
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* Excluded Features
List By
@Properties Christie's International Real Estate

Broker

JohnSalidas@atproperties.com

Email

Affordability Calculator

$2,132
Per Month
78%
22%
0%
Monthly Principal & Interest
$1,662
Monthly Property Taxes
$470
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/21/2024$250,000 -13.76% Price Down
5/16/2024$289,900 Listed Price

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210 E Lincoln Highway, Waterman, IL, 60556 is a Commercial Property for sale at $250,000. 210 E Lincoln Highway is a studio with 0.0 baths. The property's zip code is 60556 which is in Waterman, IL