Waterman IL Real Estate & Commercial for Sale

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Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
12057145
Type:
Mixed Use
A broker reciprocity listing Courtesy: @properties Christie's International Real Estate 630-530-0900
View additional info

ADDITIONAL INFORMATION

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.

Beds:
n/a
Baths:
Sq.Ft.:
2,288
Status:
Active
MLS#:
11944150
Type:
Other
Year built:
1900
A broker reciprocity listing Courtesy: Coldwell Banker Real Estate Group 630-232-6900
View additional info

ADDITIONAL INFORMATION

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

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Andrea D. Conner, License 471020674, Xome Inc., License 478026347, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Ste 100, Lewisville, TX 75067


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Waterman Real Estate

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.

Waterman Weather

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.

Waterman Map

Waterman Real Estate Market Conditions

  • Median sales price

    $299,900
    10.26%
    change since last quarter
  • # Active listings

    6
    30-day change

Waterman Schools and Demographics

Education near Waterman, IL

City County
High School Graduates 95.18 92.65
College Degree - 2 year 11.99 10.86
College Degree - 4 year 18.84 30.58
Graduate Degree 4.6 9.18
Expenditures per Student 12,158 12,922
Students per Teacher 13.5 16.3

Elementary Schools near Waterman, IL

Grades Students P/T Ratio ZIP
Dekalb Early Learning and Development Center PK - PK 229 25.1 60115
Founders Elementary School KG - 05 581 17 60115
Gwendolyn Brooks Elementary School KG - 05 339 18 60115
Hinckley-Big Rock Elementary School PK - 05 310 14 60520
James R Wood Elementary School PK - 04 271 16.5 60552
Jefferson Elementary School KG - 05 294 16.2 60115
Lincoln Elementary School KG - 05 302 17.1 60115
Littlejohn Elementary School KG - 05 339 15.9 60115
Shabbona Elementary School PK - 05 213 12.9 60550
Tyler Elementary School KG - 05 244 17 60115
Waterman Elementary School KG - 05 120 13.3 60556

Middle Schools near Waterman, IL

Grades Students P/T Ratio ZIP
Clinton Rosette Middle School 06 - 08 529 18.1 60115
Huntley Middle School 06 - 08 877 15.7 60115
Indian Creek Middle School 06 - 08 163 9.8 60556
Somonauk Middle School 05 - 08 252 16.3 60552

High Schools near Waterman, IL

Grades Students P/T Ratio ZIP
DE KALB High School 09 - 12 1,641 17.6 60115
Hinckley-Big Rock High School 09 - 12 217 11.2 60520
Indian Creek High School 09 - 12 243 11.3 60550
Somonauk High School 09 - 12 268 15.7 60552

Demographics near Waterman, IL

City County
Neighborhood Type Suburban
Population 1,415 104,473
Population Density 975 166
Median Age 38 30.7
People per Household 2.8 2.7
Median Household Income 66,719 58,343
Average Income per Capita 28,237 26,511

Real estate near Waterman