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1/22
210 E Lincoln Highway, Waterman, IL 60556
$250,000 Contingent
210 E Lincoln Highway, Waterman, IL 60556View this property at 210 E Lincoln Highway, Waterman, IL 60556
210 E Lincoln HighwayWatermanIL60556
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1/22
Property Description
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.
Full Property Details
Full Property Details for 210 E Lincoln Hwy
General
- Price: $250,000
- Taxes: $5,641 (2022)
- Status: Contingent
- Type: Commercial
- MLS ID: 12057145
- Updated: 6/26/2024
- Added to Site: 72 day(s) ago
Interior
- Interior Features: Passenger Elevator(s), Private Restroom(s), Public Restroom(s), Storage Inside, Basement, Laundry Room
- Flooring: Carpet, Concrete, Parquet, Varies, Wood
Additional Information
- Security/Safety: Smoke or Fire Protectors
Parking
- Parking Features: 13 to 18 Spaces, Covered, Private Lot, Parking On-Site, Parking-Street
Location
- Area: Waterman
- County: DeKalb
- Township: Clinton
- Driving Directions: Route 30 west from Aurora, Sugar Grove or Big Rock or east from I'39.
- Location Details: Far West, Out of Area, Central Business District, Commercial Business Park, Corner, Mixed-Use Area, Public Transport Avail, Airport/Runway Nearby, In City Limits, High Traffic Area
Heating & Cooling
- Cooling Type: Central Air Conditioning, Zoned
- Heating Type: Forced Air, Gas
Utilities
- Onsite: Electricity to Site, Gas to Site, Sanitary Sewer, Water to Site
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Block, Concrete Perimeter
- Roof: Composition
- Sub-Flooring: Carpet, Concrete, Parquet, Varies, Wood
- Stories/Levels: 1
- Current Bldg. Use: Commercial
- # of Stores: 1
Unit Information
- # Tenants: 3
- Units w/Refrigerators: 1
- Units w/Range/Oven: 1
- # Dryers: 2
Lot Features
- Lot Dimensions: 148' x 60' x 38' x 13'
- Frontage: City Street, County Road, Public Road, US Highway
- Drainage: Drain Tiles, Floor Drains, Storm Sewers
- Potential Use: Commercial, Conditional Use, Condominium, Office and Research, Development, Multi-Family, Retail
- Zoning: COMMR
Financial Considerations
- Insurance Fee: $1,800
- Security Deposit: Smoke or Fire Protectors
- Tax Amount: $5,641
- Tax Year: 2022
- Tenant Pays: Electricity, Heat
Disclosures and Reports
- Documents Avail.: Floor Plan, Existing Survey, Tax Bill
- Property ID: 1415154029
Listed by @properties Christie's International Real Estate
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Schools
Schools serving 210 E Lincoln Hwy
School District:Indian Creek Community Unit School District 425
Rating | Name | Grades | Distance |
---|---|---|---|
335 E Garfield St, Waterman, IL 60556 | 5-8 | 0.3 mi | |
301 W Cherokee Ave, Shabbona, IL 60550 | PK-4 | 5.3 mi | |
506 S Shabbona Rd, Shabbona, IL 60550 | 9-12 | 5.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 210 E Lincoln Hwy
Date
Details
Price
Change
Source
5/20/2024
Price Reduced
$250,000
-13.76%
MLS
5/15/2024
Listed
$289,900
189.9%
MLS
11/04/2022
Sold
$100,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 210 E Lincoln Hwy
Year
Property Taxes
Change
Tax Assessment
Change
2023
$5,850
4%
$72,040
10%
2021
$5,641
2%
$65,536
4%
2020
$5,538
3%
$62,822
4%
2019
$5,382
3%
$60,464
4%
2018
$5,244
2%
$57,938
4%
2017
$5,151
3%
$55,709
4%
2016
$5,005
2%
$53,505
6%
2015
$4,907
2%
$50,476
1%
2014
$4,796
-1%
$50,036
-3%
2013
$4,866
—
$51,493
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 210 E Lincoln Hwy
210 E Lincoln Highway, Waterman, IL 60556 (MLS# 12057145) is a Commercial property. 210 E Lincoln Highway is currently listed for $250,000 and was received on May 15, 2024. Want to learn more about 210 E Lincoln Highway? Do you have questions about finding other Commercial real estate for sale in Waterman? You can browse all Waterman real estate or contact a Coldwell Banker agent to request more information.