Mixed Use Commercial Building for Sale
$599,900
608-612 Broadway Street, Lincoln, IL 62656
21,000 sqft
Building Size
0.21 acres
Lot Area
Details:
Highlights:
- -Rental Income from apartments and other commercial tenant
- -Property is located in a busy downtown corridor with local coffee shops, restaurants, retailers, and salons
- -Historic building with appealing charm and character
Description:
Unique mixed-use investment opportunity in the heart of Lincoln, Illinois. This attractive all-brick building, dating back to the early 1900s, offers the historic character and charm that make downtown properties highly desirable.The property features two retail storefronts on the main level, including one occupied by The Copper Penny and one vacant space available for an owner-user or new tenant. The second floor consists of three fully leased residential apartments, with the potential to add a fourth unit. An additional storage space at the rear of the property provides further income potential.Located along historic Route 66, the property benefits from both local and visitor traffic. Zoned C-1, it supports a variety of uses, including retail, restaurant, office, salon, and residential. With a mix of existing income, value-add potential, and a prime downtown location, this property presents an excellent opportunity for investors and owner-occupants alike. Not all contents will be sold with the building.
The property is located in downtown Lincoln across from the Logan County Courthouse
This mixed-use commercial building has the desirable architectural character that's perfect for small town local businesses. The all brick, 1900s era building on Broadway currently hosts 2 retail storefronts, one storefront is vacant and the other is occupied by the Copper Penny. There are three fully leased residential units that occupy the 2nd level with an opportunity to make a 4th Apartment, and an additional leasable storage space sits to the rear of the property.
Lincoln, IL is a thriving community along the historic Route 66. The local commercial district benefits from a number of iconic stops along the "Mother Road" to draw in commerce beyond the local community. 608-612 E Broadway is currently zoned C1, which allows a host of allowable uses including retail, residential, restaurant, and salon spaces. Lincoln services many surrounding rural communities, with strong retail, healthcare, and dining sectors. Substantial commercial and residential traffic flow through the downtown district, and with nearby Route 55 and Route 66 - the town also hosts national and local businesses such as Cracker Barrel, Jimmy Johns, Walmart, the Lincoln Speedway, and the Logan County Airport to draw a broad cross-section of visitors to the area.
Throughout the year the town also hosts a variety of events including the Logan County Fair, downtown 3rd Fridays, and local vendor markets.
Documents:
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Location
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