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.
This versatile commercial building is currently used as a laundromat with 10 washing machines plus two heavy duty washers and 7 dryers. The back part of the building is connected to the building next door at 208 W Lincoln Highway. This area features barnwood paneling and has historically been used as a dining room/event space. Continue with the current use or repurpose the building for a variety of uses including retail, office an event space or other creative ideas. There is one bathroom in front and two in the back. The back part of the building features central air conditioning. The building and all laundry equipment is sold as is. Also available for sale with the building next door at 208 W Lincoln Highway. Both buildings combined offer a unique opportunity to create an awesome bar/music event space. See MLS #11679442 for 212 W Lincoln Highway listing
Waterman is located in Illinois. Waterman, Illinois has a population of 1,415. Waterman is more family-centric than the surrounding county with 35.62% of the households containing married families with children. The county average for households married with children is 31.65%.
The median household income in Waterman, Illinois is $66,719. The median household income for the surrounding county is $58,343 compared to the national median of $57,652. The median age of people living in Waterman is 38 years.
The average high temperature in July is 83.2 degrees, with an average low temperature in January of 12.6 degrees. The average rainfall is approximately 37 inches per year, with 31.6 inches of snow per year.