250 E Lincoln Highway Waterman, IL $ 355,000
250 E Lincoln Highway
$ 355,000
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250 E Lincoln Highway

Waterman, IL, 60556
$ 355,000
Bedrooms-- Baths-- Sq 2,240

Monthly Estimate*

$ 2,186

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Commercial Property for sale in Waterman, IL

for $355,000. This 2,240 square foot building was built in 2001 on a lot size of 1.14311.

Unique property! This pole type building 56 X 40 was built in 2001. The building host two business there. The building has temporary walls so it could be reconfigured for whatever your needs are. The building has 2 bathrooms and is plumbed on one side with a floor drain. Furnace and a hanging heater, water heater, and central air. The east side in currently rented to a business. The west side will be vacant with the sale of the property. Now for the other part of this investment property is 8 mobile homes. 7 are owned by the owners of this property and one is privately owned. Starting on the west side of the building is Mobile #1- 2 bed 1 bath, #2- 3 bed 1 bath with an addition of a family room #3- 2 bed 1 bath # 4- 4 bed 1 bath addition is a family room #5- is privately owned #6- is a 2 bed 1 bath #7- 2 bed 1 bath #8- 2 bed 2 bath all have washers & dryers except #2. See rental amounts in Additional information. Great location on busy highway! Potential for your business with income from the rentals.

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Commercial Active

Price

$ 355,000

Property Type

Commercial

Taxes

$ 5,760

Style

Commercial

Lot Size

1.14311

Year Built

2001

Town/City

Waterman

County/Region

De Kalb

MLS | Web ID

12281752

Features
General
Cooling Central Air
Possession Closing
Roof Metal
Zoning COMMR
Construction Materials Steel Siding Wood
Year Built 2001
Electric Circuit Breakers
Stories Count 1
Township Clinton
Property Subtype Mixed Use
Tax Year 2023
Current Use Commercial
Gross Income 6485
County DeKalb
Insurance Expense 2700
Property Type Commercial Sale Mixed Use
Possible Use Commercial
Status Active
Directions Rt.30 into Waterman property on Rt.30 ( Lincoln Hwy.) to property on the North side of the street.
City Waterman
Number Of Units Total 9
MLS Area Waterman
Lot Size Square Feet 49794
Tax Annual Amount 5760
Electric Expense 430
Fuel Expense 1000
Trash Expense 1188
Water Sewer Expense 675
Additional Parcels Y/N N
Standard Status Active
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Interior
Flooring Concrete
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Exterior
Building Area Total 2240
Lot Dimensions 258.2 X 128.9 X 250 X 193.13
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* Excluded Features
List By
Century 21 Circle

Broker

slinda3@aol.com

Email

Affordability Calculator

$2,666
Per Month
82%
18%
0%
Monthly Principal & Interest
$2,186
Monthly Property Taxes
$480
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
1/16/2026$355,000 -2.74% Price Down
5/7/2025$365,000 -2.67% Price Down
2/2/2025$375,000 Listed Price

Map


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250 E Lincoln Highway, Waterman, IL, 60556 is a Commercial Property for sale at $355,000 with 2,240 sqft and a lot size of 1.14311. 250 E Lincoln Highway was built in 2001. The property's zip code is 60556 which is in Waterman, IL