Lincoln, IL Commercial Real Estate for Sale

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30 properties

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Updated: Aug 12

Restaurant and Bar with Event Space

1230 5TH Street, Lincoln, IL 62656

$190,000

0.33 AC lot

4,876 SF main level with two bars and a commercial kitchen
2,643 SF unfinished basement for storage or future buildout
Outdoor beer garden with gazebo and pond
Interior areas support dining, entertainment, and banquets
Commercial zoning on a 0.33‑acre property

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Updated: Oct 14, 2025

Retail Building with Upstairs Apartment

113 N Kickapoo Street, Lincoln, IL 62656

$585,900

0.17 AC lot

Brick commercial building built in 1922 with central air and natural gas available
Updated since 2016: new windows, flooring, roofing, energy‑efficient LED lighting, plus reverse osmosis water system
Includes a 3‑bedroom apartment upstairs with flex room, full kitchen, oversized living room, updated amenities, and private garage parking
Downtown Lincoln, IL retail features tall tin ceilings and storefront windows for natural light
Attached additional retail location (not updated) that can be used as a separate office or boutique service space

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Storefront Building with Office Space

616 BROADWAY Street, Lincoln, IL 62656

$99,900

0.14 AC lot

Brick commercial building with open retail areas, upper-level space, storage, offices, and recent building-system updates.

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Conventional Restaurant with Event Space

1230 5th Street, Lincoln, IL 62656

$190,000

7,567 sqft

Two bars, a commercial kitchen, and outdoor amenities support dining and hosted gatherings.

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Tillable Agricultural Farm

1300TH Street, Lincoln, IL 62656

$3,888,750

259.25 AC lot

Productive farmland with an efficient, predominantly tillable layout.

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Bar with Party Room

401 Limit Street, Lincoln, IL 62656

$250,000

Brick bar with a party room, wet and dry bars, central air, and up-to-date restrooms in Lincoln, IL.

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Two-Story Corner Restaurant Building

700 Pulaski Street, Lincoln, IL 62656

$150,000

7,522 sqft

Two-story brick corner structure with intact main-floor bar area, flex space, multiple half baths, and an unfinished upper level.

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Multi-Tenant Live-Work Building

607 Keokuk Street, Lincoln, IL 62656

$167,000

2,812 sqft

Single-story multi-tenant structure with flexible interior space and multiple bathrooms, featuring low-maintenance exterior and off-street parking.

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Industrial Warehouse with Rail Spur

1119 Kickapoo Street, Lincoln, IL 62656

$3,500,000

254,000 sqft

Strong power capacity and a rear rail spur support a well-maintained industrial warehouse with an active leaseback.

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Bar Property With Existing Equipment

700 Pulaski Street, Lincoln, IL 62656

$175,000

7,730 sqft

Two-level commercial building with bar fixtures, storage, and unfinished upper-level space.

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Commercial

925 N Kickapoo Street, Lincoln, IL 62656

$795,000

15,000 sqft 1.33 AC lot

Auto shops · 15,000 SF

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Three-Story Brick Office Building

207 S Mclean Street, Lincoln, IL 62656

$395,000

10,000 sqft

All-brick office building with elevator, multiple exterior access points, and off-street paved parking plus a garage.

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High-Visibility Mixed-Use Retail Property

600 Broadway St, Lincoln, IL 62656

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6,300 sqft

Downtown Lincoln mixed-use building with established tenants and potential for additional income.

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Retail Corner Lot with Drive-Thru

2775 Woodlawn Rd., Lincoln, IL 62656

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3,200 sqft 1.63 AC lot

3,200 SF retail site on a 1.63-acre corner lot with ample parking and a wraparound drive-thru.

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Downtown Retail/Office Space For Sale

616 Broadway St, Lincoln, IL 62656

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9,351 sqft

9,000+ sq ft retail/office space in prime downtown location.

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Renovated Office/Warehouse Building

725 N Chicago Street, Lincoln, IL 62656

$89,900

1,872 sqft

Steel-built, fully renovated office/warehouse with wide-open interior space, ADA restrooms, and dedicated parking options.

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Campground with 13 Hook-Up Sites

1779 1250th Avenue, Lincoln, IL 62656

$299,000

1.62 AC lot

Established campground offers 13 hook-up sites with on-site living quarters and private bathroom facilities.

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Mixed-Use Retail and Apartments

608-612 Broadway St, Lincoln, IL 62656

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21,000 sqft

For sale mixed-use property generating rental income from apartments and another commercial tenant along a downtown corridor.

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Commercial Land

2500 Woodlawn Road, Lincoln, IL 62656

$515,000

C2-zoned commercial land positioned along a roadway carrying substantial daily traffic.

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Brick Mixed-Use Building

608-612 Broadway Street, Lincoln, IL 62656

$625,000

All-brick building with two retail storefronts on the main level and three fully leased apartments above.

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Turn-Key Bar in Lincoln, IL

401 Limit Street, Lincoln, IL 62656

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2,220 sqft

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

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Single-Tenant Auto Service Building

103 S Logan St, Lincoln, IL 62656

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Newly refreshed auto service building painted inside and out, with canopies and islands removed for a clean presentation.

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Third-Floor Office Condominium

207 S McLean Street #3, Lincoln, IL 62656

$345,500

4,120 sqft

Third-floor office condo is fully leased to a single tenant with lease terms running through June 23, 2027.

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Flex Shop Building with Fenced Lot

1409 Short 11th St, Lincoln, IL 62656

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Flex shop building combines office, warehouse, and retail uses, with a fenced lot for secure outdoor storage.

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Lincoln, IL Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Lincoln, IL, showcased through 30 active listings on our real estate platform. These investment opportunities span a total of 496,206 square feet of properties for sale, with an estimated market value of $12,410,950.

Sale prices for business properties in Lincoln, IL start at $89,900, averaging $689,497, and reaching up to $3,888,750 — 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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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	$758.3K

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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