Waterman, IL 60556,210 E Lincoln HWY
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Waterman, IL 60556,210 E Lincoln HWY
Waterman, IL 60556,210 E Lincoln HWY
Waterman, IL 60556,210 E Lincoln HWY
Waterman, IL 60556,210 E Lincoln HWY

$175,000

Est. payment /mo

$250,000

30.0%
Est.Price: ?

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210 E Lincoln HWY Waterman, IL 60556

SOLD DATE : 08/29/2024

Key Details

Sold Price $175,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12057145

Annual Tax Amount $5,641

Tax Year 2022

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

Area Waterman

Zoning COMMR

Interior

Cooling Central Air, Zoned

Flooring Carpet, Concrete, Parquet, Varies, Wood

Exterior

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

Roof Type Composition

Building

Structure Type Brick

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Midwest Real Estate Data (MRED) IDX
Listed by John Salidas • @properties Christie's International Real Estate
Bought with Kallan Welsh • Coldwell Banker Realty

Pat Smarto

Managing Broker / Owner | License ID: 471.000052,

+1(847) 338-3848

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