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Listed price in listed location currency (USD).
$175,000
$250,000

000

MLS® 12057145

  • Key Facts
  • Description
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Key Facts

Type Mixed Use
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $5,641
Approx. Age 0
MLS® Number 12057145

Property Address: 210 E Lincoln Hwy, WATERMAN, IL, 60556-9707

Average square foot calculated using Size range provided by listing agent.

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 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.
MLS® Number12057145
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age0
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

Jun 24, 2024End Date
$175,000Sold Price

Sold

May 15, 2024List Date
$250,000List Price
  • Commute

Commute

Starting Address
Destination Address
210 E Lincoln Hwy, WATERMAN, IL

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