Lincoln, IL Commercial Real Estate for Sale

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20 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 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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Updated: Oct 14, 2025

Updated Mixed-Use Property with Apartment

113 N Kickapoo Street, Lincoln, IL 62656

$585,900

0.17 AC lot

Three‑bedroom upstairs apartment with flex room, full kitchen, oversized living room, and private garage parking
Primary storefront includes tall tin ceilings and multiple storefront windows
Attached retail area provides a separate commercial setting from the main space
Updates since 2016 include windows, flooring, roofing, LED lighting, and reverse osmosis water system
Fully paid‑off owned solar panels convey with the property

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Commercial Land

320 S MCLEAN Street, Lincoln, IL 62656

$115,000

Commercially zoned site with public sewer in an established Lincoln area.

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Updated Mixed-Use Downtown Building

113 N Kickapoo St, Lincoln, IL 62656

$585,900

12,000 sqft

Retail space, upstairs apartment, attached storefront, basement, and solar panels create a flexible commercial configuration.

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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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Renovated Mixed-Use Property with Outbuilding

710 N Jefferson Street, Lincoln, IL 62656

$289,000

1,990 sqft

Updated mixed-use property with flexible interior space, attached garage, paved parking, and a heated accessory building.

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Standalone Flex Space with Storage

1304 Woodlawn Rd, Lincoln, IL 62656

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33,986 sqft 8.06 AC lot

Large office and warehouse facility with heated industrial space, loading access, and dedicated office areas.

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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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High-Visibility Mixed-Use Retail Property

600 Broadway St, Lincoln, IL 62656

$199,900

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

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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

$585,000

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

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Two-Story Bar and Pub

415 Pulaski Street, Lincoln, IL 62656

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

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Storefront Property Near Route 66 Museum

110 N Chicago Street, Lincoln, IL 62656

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Commercial storefront positioned across from the depot and beside the Museum of Route 66 in downtown Lincoln.

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Commercial Land Near Downtown

217 S Sangamon St, Lincoln, IL 62656

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Commercially zoned parcel located steps from a historic downtown district.

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Vacant Lot Across from Fairgrounds

424 North Jefferson Street, Lincoln, IL 62656

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Vacant residential lot located across from the Logan County Fairgrounds in Lincoln, IL.

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Commercial Land Lot

410 S Chicago St, Lincoln, IL 62656

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Commercially zoned land in historic Lincoln offers a flexible site for future development.

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Office

206 S McLean St, Lincoln, IL 62656

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4,120 sqft

Office Units · 4,120 SF

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Commercial Corner Lot

912 Woodlawn Road, Lincoln, IL 62656

$130,000

Vacant, commercially zoned corner land within walking distance of restaurants, businesses, and the Logan County Fairgrounds.

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Commercial Land Near Medical Services

610 Woodlawn Road, Lincoln, IL 62656

$34,900

Development site along Lincoln’s main commercial route, surrounded by restaurants, businesses, shopping, and established service providers.

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Land Near Interstate Exit

113 Ball Dr, Lincoln, IL 62656

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Commercial land with high visibility near Interstate 5.

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Based on your search, we've compiled Potential Opportunities for your consideration. Besides 20 Active Listings in Lincoln, IL, we suggest to view alternatives - similar 52 Off-Market properties to explore as potential leads.

Off-Market Properties in Lincoln, IL

Consider similar Off-Market properties in Lincoln, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

COMMERCIAL (GENERAL)

103 Taylor Ct, Lincoln, IL 62656-2235

Estimated value:

$370,000

4.20 AC lot

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COMMERCIAL (GENERAL)

311 Logan St, Lincoln, IL 62656-2008

Estimated value:

$370,000

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COMMERCIAL (GENERAL)

316 8th St, Lincoln, IL 62656-2666

Estimated value:

$390,000

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COMMERCIAL (GENERAL)

813 Woodlawn Rd, Lincoln, IL 62656-1447

Estimated value:

$415,000

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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 20 active listings on our real estate platform. These investment opportunities span a total of 52,096 square feet of properties for sale, with an estimated market value of $3,520,500.

Sale prices for business properties in Lincoln, IL start at $34,900, averaging $293,375, and reaching up to $585,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Lincoln, IL CRE market trends — vacancy, lease rates and price per SF, updated monthly

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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	$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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