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200 W Lincoln St 1,000 SF Office/Retail Condo Unit Offered at $295,000 in Waterman, IL 60556
Investment Highlights
- Prominent location at the intersection of W. Lincoln Street and Route 34.
- Convenient access for local residents and area commuters.
- Excellent visibility from a primary regional transportation corridor.
Executive Summary
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.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment |
| Sale Type | Investment |
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!
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1 | 1,000 SF | Office/Retail | $295,000 ($295.00/SF) | - |
Unit 1
| Unit Size |
| 1,000 SF |
| Condo Use |
| Office/Retail |
| Price |
| $295,000 ($295.00/SF) |
| NOI |
| - |
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Unit 1
| Unit Size | 1,000 SF |
| Condo Use | Office/Retail |
| Price | $295,000 ($295.00/SF) |
| NOI | - |
| Sale Type | Investment |
| 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!</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 6,536 SF | Typical Floor Size | 3,268 SF |
| Property Type | Retail (Condo) | Year Built | 1900 |
| Property Subtype | Storefront Retail/Residential | Tenancy | Single |
| Building Class | B | Lot Size | 0.06 AC |
| Floors | 2 |
| Total Building Size | 6,536 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 3,268 SF |
| Year Built | 1900 |
| Tenancy | Single |
| Lot Size | 0.06 AC |
Somewhat walkable
30/100
Very drivable
80/100
Somewhat bikeable
30/100
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Street View
Street
Map
Contact the Sale Advisor
200 W Lincoln St