210 East Lincoln Highway

Waterman, IL 60556

$250,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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...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.
  1. Listed by John Salidas • @properties Christie's International Real Estate

Property Details for 210 East Lincoln Highway

Area
Waterman
Township
Clinton
Zoning
COMMR

Location

Listing Courtesy of @properties Christie's International Real Estate
Add your commute
LISTING UPDATED: 06/26/2024 09:53 AM

Property Details for 210 East Lincoln Highway

StatusContingent
MLS #12057145
Days on Market42
Taxes$5,641 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built-
Lot Size-
CountyDeKalb County

Location

Listing Courtesy of @properties Christie's International Real Estate
Add your commute

Building Information for 210 East Lincoln Highway

Stories-Residences4Year Built-Lot Size-

Payment Calculator

$1,834 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,364

Property Taxes

$470

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 210 East Lincoln Highway

General Information
Addtl Parking Information
  • Indoor Parking: 1-5 Spaces
  • Outdoor Parking: 13-18 Spaces,Covered,Private Lot,Parking On-Site,Parking-Street
  • Open Parking Spaces: 9.0
Location and General Information
  • Frontage Type: City Street, County Road, Public Road, US Highway
  • Geographic Locale: Far West,Out of Area
  • Information: Show-Special Instructions,Other-See Remarks
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air, Zoned
  • Electric: Circuit Breakers, Separate Meters
  • Flooring: Carpet, Concrete, Parquet, Varies, Wood
  • # Of Washers: 2
  • Heat/Ventilation: Forced Air,Gas
  • # Of Refrigerators: 1
  • Washer/Dryer Lsd: No
  • Misc Inside: Elevator/s Passenger,Private Restroom/s,Public Restroom/s,Storage Inside,Basement,Laundry Room
  • # Of Dryers: 2
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 3
  • Water Drainage: Drain Tiles,Floor Drains,Storm Sewers
  • Misc Outside: Accessible Entrance
Utilities / Equipment
  • Utilities: Electric to Site, Gas to Site, Sanitary Sewer, Water to Site
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: No
  • Approximate Age: Older
  • Lot Dimensions: 148' X 60' X 38' X 13'
  • Lot Size Square Feet: 0.0
  • Stories: 1
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Type: Composition
  • Fire Protection: Smoke or Fire Protectors
  • Roof Structure: Gable,Truss
  • Foundation Details: Block, Concrete Perimeter
  • # Of Offices: 2
  • # Of Ranges: 1
  • # Of Stores: 1
  • Property Sub Type: Mixed Use
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Commercial, Conditional Use, Condominium, Office and Research, Development, Multi-Family, Retail
  • Buyer Financing: Conventional, FHA, VA, Negotiable
  • Documents Available: Floor Plan,Existing Survey,Tax Bill
  • Docks: None
  • Public Document Count: 2
  • Document Date: 2024-05-15T19:31:46
  • Photos Count: 22
Miscellaneous
  • Current Use: Commercial
  • Location: Central Business District,Commercial Business Park,Corner,Mixed Use Area,Public Transport Avail,Airport/Runway Nearby,In City Limits,High Traffic Area
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $2,000.00
  • Gross Scheduled Income: $24,000.00
  • Insurance Expense: $1,800.00
  • Electric Expense Source: Broker Projection
  • Expense Year: 2022
  • Total Annual Expense Source: Broker Projection
  • Fuel Expense Source: Broker Projection
  • Insurance Expense Source: Broker Projection
  • Other Expense Source: Broker Projection
  • Trash Expense Source: Broker Projection
  • Total Monthly Income: 2000
  • Water Expense Source: Broker Projection
  • Net Operating Income: $.00
  • Operating Expense: $.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00

Property History for 210 East Lincoln Highway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 210 East Lincoln Highway

Taxable ValueLand$16,190Additions$55,850Total$72,040
Tax Record2023$5,850 ($488 / month)
Home Facts
StyleMiscellaneous CommercialCountyDEKALBAPN14-15-154-029

Schools near 210 East Lincoln Highway

This home is within Indian Creek Community Unit School District 425.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Rating
School
Distance
Shabbona Elementary School
PublicPK to 4

Indian Creek Middle School
Public5 to 8

Indian Creek High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of @properties Christie's International Real Estate

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 06/26/2024 09:53 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.