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    Lincoln, IL
    Conventional Restaurant

    Lincoln, IL Conventional Restaurants for Sale

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    Broadwell, IL Annawan, IL Atlanta, IL Mt Pulaski, IL Carbondale, IL Elkhart, IL Lake Carroll, IL Emden, IL
    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 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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    Conventional Restaurant with Event Space
    Updated: Aug 12
    Conventional Restaurant with Event Space

    1230 5th Street, Lincoln, IL 62656

    $190,000
    7,567 sqft
    4,876 sq ft main level with two bars and a large commercial kitchen
    2,643 sq ft unfinished basement for storage or future expansion
    Outdoor beer garden with gazebo and pond
    Space for dining, entertainment, banquets, private gatherings, and community events
    Commercial zoning at 1230 5th Street, Lincoln, IL 62656
    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Lincoln, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Restaurant With Loft Residence
    Restaurant With Loft Residence

    100-102 Governor Oglesby Street, Elkhart, IL 62634

    $345,000
    6,200 sqft

    Two connected downtown buildings combine an operating restaurant, gift shop, and distinctive private living quarters.

    View details
    Freestanding Conventional Restaurant
    Freestanding Conventional Restaurant

    201 E CHESTNUT Street, Mason City, IL 62644

    $350,000
    0.60 AC lot

    Freestanding restaurant property with an existing quick-service operation and commercial zoning.

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    Freestanding Restaurant Building
    Freestanding Restaurant Building

    201 E CHESTNUT Street, Mason City, IL 62644

    Contact for pricing

    Freestanding restaurant building leased and operated as a Subway restaurant with existing quick-service infrastructure.

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    Two-Building Cafe and Retail
    Two-Building Cafe and Retail

    100-102 Governor Oglesby Street, Elkhart, IL 62634

    Contact for pricing

    Two connected buildings include a 68-seat cafe, retail space, and a walk-up loft apartment.

    View details

    Lincoln, IL Conventional Restaurants Market Trends and Statistics

    Explore 2 conventional restaurants for sale in Lincoln, IL on our real estate platform. These investment opportunities span a total of 7,567 square feet of properties for sale, with an estimated market value of $380,000.

    Sale prices for conventional restaurants in Lincoln, IL average $190,000 — 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 7
    Commercial kitchens 2
    Conventional restaurants 2

    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 $199.9K

    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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