Contact us: 563.441.1776
Description
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!
Property Highlights
Property Type: Commercial - Retail
Building Description: 2.0 stories
Year Built: 1900
General Information
County: DeKalb
Listed By:
Coldwell Banker Real Estate Group
815-756-2557
MRED MLS
MLS ID: 12381318
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000 E Lincoln Street, Waterman, IL 60556.
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563-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $375,000 | $375,000 | $375,000 |
| Down Payment | $75,000 | $13,125 | $93,750 |
| Monthly Mortgage Amount | $1,775 | $2,149 | $2,279 |
| Taxes | $522 | $522 | $522 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $165 | $0 |
| Monthly Estimated Total | $2,406 | $2,945 | $2,910 |
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/17/2026. The listing information on this page last changed on 03/17/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 03/17/2026 1:37:24 AM EST) or MRED MLS (last updated Tue 03/17/2026 1:29:05 AM EST) or SCWMLS (last updated Mon 03/16/2026 11:54:43 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Mon 03/16/2026 10:15:30 PM EST) or Cedar Rapids MLS (last updated Mon 03/16/2026 10:44:29 PM EST) or NEIRBR MLS (last updated Tue 03/17/2026 1:18:42 AM EST) or ICAAR MLS (last updated Mon 03/16/2026 11:37:28 PM EST) or ECIMLS (last updated Mon 03/16/2026 11:44:14 PM EST) or RMLSA (last updated Tue 03/17/2026 1:10:55 AM EST) or Muscatine MLS (last updated Tue 03/17/2026 1:30:21 AM EST) or No Coast MLS (last updated Tue 03/17/2026 12:44:17 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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