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$355,000 -$10,000 (-2.74%) Price Reduced
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Property Description
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.
Full Property Details
Full Property Details for 250 E Lincoln Hwy
General
- Price: $355,000
- Taxes: $5,760 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12281752
- Updated: 1/16/2026
- Added to Site: 352 day(s) ago
Interior
- Interior Features: Overhead Door(s), Private Restroom(s)
- Flooring: Concrete
Location
- Area: Waterman
- County: DeKalb
- Township: Clinton
- Driving Directions: Rt.30 into Waterman property on Rt.30 ( Lincoln Hwy.) to property on the North side of the street.
- Location Details: Far West, In City Limits
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Utilities
- Trash: 1188
Structural Information
- Construction: Steel Siding, Wood
- Exterior Const.: Steel Siding, Wood
- Roof: Metal
- Sub-Flooring: Concrete
- Stories/Levels: 1
- Square Feet: 2,240
- Current Bldg. Use: Commercial
- # of Stores: 1
- Year Built: 2001
Unit Information
- # Tenants: 8
- # Dryers: 7
Lot Features
- Lot Size (Sq. Ft.): 49,794
- Lot Dimensions: 258.2 x 128.9 x 250 x 193.13
- Potential Use: Commercial
- Zoning: COMMR
Financial Considerations
- Insurance Fee: $2,700
- Assessment Year: 2001
- Tax Amount: $5,760
- Tax Year: 2023
- Pays Electric: 430
- Pays Trash: 1188
Disclosures and Reports
- Property ID: 1415154025
Listed by Century 21 Circle
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Schools
Schools serving 250 E Lincoln Hwy
School District:Indian Creek Community Unit District 425
| Name | Grades | Distance |
|---|---|---|
Indian Creek Middle School 335 East Garfield Street, Waterman, IL 60556 | 5-8 | 0.1 mi |
Shabbona Elementary School, Shabbona, IL 301 West Cherokee Avenue, Shabbona, IL 60550 | PK-4 | 5.3 mi |
Indian Creek High School 506 South Shabbona Road, Shabbona, IL 60550 | 9-12 | 5.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 250 E Lincoln Hwy
Date
Details
Price
Change
Source
1/16/2026
Price Reduced
$355,000
-2.74%
MLS
5/07/2025
Price Reduced
$365,000
-2.67%
MLS
1/31/2025
Listed
$375,000
—
MLS
Disclaimer: Historical sales 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 250 E Lincoln Hwy
250 E Lincoln Highway, Waterman, IL 60556 (MLS# 12281752) is a Commercial property. 250 E Lincoln Highway is currently listed for $355,000 and was received on January 31, 2025. Want to learn more about 250 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.

