208 W Lincoln Highway Waterman, IL 60556

$550,000
208 W Lincoln Highway, Waterman, IL 60556
09982824

Commercial Property for sale in Waterman, IL

for $550,000. This 4,500 square foot building was built on a lot size of 148X54.

Property Information

  • $550,000
  • Commercial
  • 4,500 Square Feet
  • Taxes are $6,340
  • Business
  • Active
  • 2 Floors
  • Lot size of 148X54
  • Waterman, IL
  • De Kalb County
  • MLS/Web ID is 09982824

 Virtual Tour

Description

Great opportunity to own your own business with two connected parcels and two businesses for sale in one package deal. Bar and grill along with a laundromat in the heart of Waterman on highway 30. Thriving bar and restaurant has a great reputation and room for growth if you wanted to remove the laundromat which would be a great spot for a microbrewery or a stage for live music. Also includes a 1 bedroom apartment on the second floor that is currently being used as an office. Bar provides additional income through video gaming machines, lottery sales and jukebox, all with rental agreements. Known for its food the bar has a connected dining room behind the laundromat. Recent developments both in Waterman and Shabbona make this a great opportunity as these areas continue to grow.

Interior 2

Cooling System

  • Central Air

Heating System

  • Central Heat

Exterior 2

Construction

  • Wood

Zoning

  • Commercial

Miscellaneous 2

Commercial

  • Equipment Included
  • Sale Includes Building
  • Sale Includes Business

Location

  • Business District

Rental 1

Tenant Pays

  • Air Conditioning
  • Common Area Maintenance
  • Electric
  • Heating
  • Insurance
  • Janitorial
  • Other Expenses
  • Real Property Taxes
  • Water/Sewer

† Excluded Feature

Listed By

Broker: COLDWELL BANKER THE REAL ESTATE GROUP

208 W Lincoln Highway, Waterman, IL, 60556 is a Commercial Property for sale at $550,000 with 4,500 sqft and a lot size of 148X54. The property's zip code is 60556 which is in Waterman, IL

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Pricing History

Date Price Price Change Description
8/17/2018 $550,000 -4.35 % Price Change
6/12/2018 $575,000 Listed Price

Market Pricing

Average % of sale price Median % of sale price
All listings in Waterman $489,371 11 % below $200,000 64 % below
Commerical listings in Waterman $459,000 17 % below $459,000 17 % below

Get the facts about Waterman, IL!

Population 1,265
Population Growth (since 2000) 12 %
Median Income $60,085
Median Age 38.33
Households w/ Children 33 %

Residential Dwellings

  • Owned 340
  • Vacant 32
  • Rented 123

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Get an Immediate Callback from 9:00 AM - 10:30 PM EST
or Call us at 1-800-839-1363