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    Lincoln, IL
    Bar & Pub

    Lincoln, IL Bars & Pubs for Sale

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    Restaurant and Bar with Event Space
    Updated: Aug 12
    Restaurant and Bar with Event Space

    1230 5TH Street, Lincoln, IL 62656

    $190,000
    0.33 AC lot
    4,876 sq ft main level with two bars and a large commercial kitchen
    2,643 sq ft unfinished basement for storage
    Outdoor beer garden with gazebo and pond
    0.33‑acre property at 1230 5th Street, Lincoln, IL 62656
    Commercial zoning with restaurant and event capabilities
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    Bar Property with Party Room
    Updated: Sep 17, 2024
    Bar Property with Party Room

    401 Limit Street, Lincoln, IL 62656

    $250,000
    Party room for private events and gatherings
    Outdoor area for al fresco drinks and socializing
    Wet bar and dry bar areas
    2 storage areas
    Updated restrooms
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    Restaurant and Bar with Event Space
    Restaurant and Bar with Event Space

    1230 5th Street, Lincoln, IL 62656

    $190,000

    Commercial restaurant property with two bars, a substantial kitchen, event areas, and an outdoor beer garden.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Two-Story Bar and Pub
    Two-Story Bar and Pub

    415 Pulaski Street, Lincoln, IL 62656

    Contact for pricing

    Commercially zoned hospitality property with a basement, second floor, furnishings, equipment, and inventory included.

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    Turn-Key Bar in Lincoln, IL
    Turn-Key Bar in Lincoln, IL

    401 Limit Street, Lincoln, IL 62656

    Contact for pricing
    2,220 sqft

    Thriving bar with party room, outdoor area, and loyal customers.

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    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 5 Active listings in Lincoln, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 2 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Multi-Story Retail and Office Building
    Multi-Story Retail and Office Building

    217 W JEFFERSON ST, Bloomington, IL 61701

    Contact for pricing
    20,240 sqft

    First floor is leased to an arcade bar, with additional space available on the second floor and other floors leased.

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    Neighborhood Bar with Gaming Machines
    Neighborhood Bar with Gaming Machines

    1601 E Converse Avenue, Springfield, IL 62702

    Contact for pricing
    1,584 sqft

    The operating business and building are offered together as an established neighborhood venue.

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    Equipped Restaurant with Bar
    Equipped Restaurant with Bar

    301 W N Grand Avenue, Springfield, IL 62702

    $429,900

    Established restaurant infrastructure includes dining, bar, kitchen, equipment, fixtures, and parking within a flexible commercial layout.

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    Downtown Bloomington Sports Bar
    Downtown Bloomington Sports Bar

    102 W Washington St, Bloomington, IL 61701

    Contact for pricing

    Established sports bar with full kitchen and gaming area.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Corner Development Site
    Commercial Corner Development Site

    700 W JEFFERSON Street, Springfield, IL 62702

    $175,000
    0.59 AC lot

    Corner lot on West Jefferson and Walnut Streets with utilities onsite and two access points.

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    Restaurant and Adjacent Lot
    Restaurant and Adjacent Lot

    951 Durkin Drive, Springfield, IL 62704

    $425,000

    Established restaurant property with dining, bar, lounge, stage, and additional land for future use.

    View details

    Lincoln, IL Bars & Pubs Market Trends and Statistics

    Explore 5 bars & pubs for sale in Lincoln, IL, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 2,220 square feet of properties for sale, with an estimated market value of $630,000.

    Sale prices for pubs in Lincoln, IL start at $190,000, averaging $210,000, and reaching up to $250,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Bars & Pubs 6
    Commercial kitchens 3
    Conventional restaurants 3

    Demographics Overview

    Population 18K
    Population Growth (5Y) -6.0%
    Median Household Income $59,129
    College Educated 25.1%

    High-Yield Neighborhoods for Investment

    Identify Lincoln submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    62656 $220K

    Taxes & Financing

    Tax Rate (average for all types) 8.36%
    Property Tax per SF $6.81 per SF
    Tax Rate vs County Average 0.46 pp above county avg
    Average Loan-to-Value 65.0%

    Property Size Breakdown

    The majority of commercial real estate listings in Lincoln fall within the 10,000 to 25,000 square foot range.

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