Waterman, IL 60556,210 E Lincoln Highway
Waterman, IL 60556,210 E Lincoln Highway
Waterman, IL 60556,210 E Lincoln Highway
22
$175,000
$250,000
30.0%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

210 E Lincoln Highway Waterman, IL 60556

Est. payment /mo
SOLD DATE : 08/29/2024

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Sold Price $175,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12057145

Sold Date 08/29/24

Annual Tax Amount $5,641

Tax Year 2022

Lot Dimensions 148' X 60' X 38' X 13'

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.

Location

State IL

County Dekalb

Zoning COMMR

Interior

Cooling Central Air, Zoned

Flooring Carpet, Concrete, Parquet, Varies, Wood

Fireplace N

Exterior

Utilities Available Electric to Site, Gas to Site, Sanitary Sewer, Water to Site

View Y/N true

Roof Type Composition

Building

Foundation Block, Concrete Perimeter

Structure Type Brick

Read Less


Listed by John Salidas • @properties Christie's International Real Estate
Bought with Kallan Welsh • Coldwell Banker Realty

GET MORE INFORMATION

agent

Joanna Stawarz

Real Estate Broker | License ID: 475184483

+1(773) 510-6834

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.