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200 W Lincoln St
Waterman, IL 60556

$295,000 USD

Storefront Retail Residential Condo For Sale  •  1,000 SF

Property Details

  • Property Type Storefront Retail Residential
  • Total Building Size 6,536 SF
  • Lot Size 0.06 AC
  • Building Class B
  • Year Built 1900
  • Tenancy Single
30 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 1 Office/Retail 1,000 SF $295,000 USD
  • Unit Size: 1,000 SF
  • Condo Use: Office/Retail
  • Price: $295,000 USD
  • Sale Type: Investment
  • Price/SF: $295.00 USD
Sale Notes
Great investment opportunity in the heart of Waterman! Own a piece of local history with this mixed-use building located right on Route 30 in the center of downtown. The property features three upstairs apartments-two of which are currently rented, with one vacant-plus a street-level apartment that is also vacant. In addition, there are two storefront commercial spaces, one currently leased and the other available, offering excellent potential for rental income or owner-occupancy. Whether you're an investor looking to expand your portfolio or a buyer hoping to live and work in the same space, this property provides versatility, visibility, and value. Don't miss this unique opportunity in a prime location!

Description 

Situated at the intersection of W. Lincoln Street and Illinois Route 34 in Waterman, Illinois, this commercial development opportunity offers visibility along a primary transportation corridor serving the local community and surrounding DeKalb County area. The location provides convenient access for residents, commuters, and businesses traveling throughout the region. Its corner positioning supports strong exposure and multiple access points, making the property suitable for a variety of commercial, retail, service-oriented, or mixed-use development concepts, subject to local zoning and municipal approvals. Waterman's small-town setting, combined with its connectivity to larger employment and population centers throughout northern Illinois, creates an opportunity for businesses seeking a visible location with regional accessibility. The property's frontage along a well-traveled route enhances signage potential and supports customer convenience.

Highlights

Prominent location at the intersection of W. Lincoln Street and Route 34.
Excellent visibility from a primary regional transportation corridor.
Convenient access for local residents and area commuters.

Public Transportation

AirportDriveWalkDistance
Chicago/Rockford International 63 min - 46.5 mi
Charles Kirkwood 630-715-5714 Coldwell Banker
Charles Kirkwood 630-715-5714 Coldwell Banker