Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    401 Limit St Lincoln, IL 62656

    For Sale
    $250,000

    Retail - Lincoln, IL

    Type:Retail
    Property size:
    2,220 SF
    Days on Market:
    83
    Last Refresh:
    Dec 6 at 4:06 pm

    Property Features for 401 Limit St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    COMMR
    APN
    0803102270
    Size
    2,220 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1977
    Number of units
    1
    Architectural style
    Other

    Honig Realty, Inc. (dba. Coldwell Banker Honig-Bell) (815) 553-2406 [email protected]

    Listing agent Gina Mudge (815) 553-2406 License #475211625

    Listing date Sep 15, 2025

    MLS# 12165693 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turn-Key Bar in Lincoln, IL

    This turn-key thriving bar in Lincoln, IL, presents an opportunity for ownership. The well-established business features a party room suitable for private events and gatherings, along with an outdoor area for socializing. The establishment includes both a wet and dry bar, as well as two storage areas and updated restrooms. The property is in a prime location and features a fully equipped bar setup and a fresh interior design, and benefits from a loyal customer base. The property size is 2220 square feet. The zoning is COMMR. This bar combines a fun atmosphere with practical amenities, offering both a strong foundation and exciting growth potential. This venue is ready to turn your vision into reality.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lucky Dog Bar

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Copper & Oak Bourbon & Craft Beer Bar, Idle Hour Inn, Lucky Dog, Spirited Republic/Limerick Brewing Company, Chances R

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Logan
    State
    Illinois
    Longitude
    -89.3491855
    Latitude
    40.1448733

    Nearby Similar for Sale

    • $1,102,564
      2,309 SF

      Oil Changers NNN Investment Property

      NNN leased Oil Changers with corporate guarantee by Valvoline.
      1101 Woodlawn Rd, Lincoln, IL 62656
      View Details
    • $345,500
      4,120 SF

      Lincoln, IL Office Investment Property

      Third-floor business condo in downtown Lincoln, fully leased until 2029.
      529 Pulaski St, Lincoln, IL 62656
      View Details
    • $1,454,000

      Retail Property in Lincoln, IL

      Retail property available for sale in Lincoln, Illinois.
      602 Woodlawn Rd, Lincoln, IL 62656
      View Details
    • $4,250,000
      247,000 SF

      Lincoln Warehouse Near I-55

      247,000 sq ft warehouse with easy I-55 access.
      1119 N Kickapoo St, Lincoln, IL 62656
      View Details
    • $174,900
      3,600 SF

      Downtown Lincoln Commercial Gem

      Spacious 3600 sq ft commercial building, prime location.
      305 Decatur St, Lincoln, IL 62656
      View Details
    • Contact for pricing
      11,920 SF

      you can truly let your imagination run absolutely wild with this one!""""}"""

      Lincoln Commercial Building - Huge Potential
      121 Sangamon St, Lincoln, IL 62656
      View Details

    FAQs

    What type of property is this?
    Bar - Thriving bar with party room, outdoor area, and loyal customers.
    Where is this bar located?
    The property is located at 401 Limit St Lincoln, IL.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: - Turn-key, thriving bar business opportunity.; - Party room for private events and gatherings.; - Vibrant outdoor area for socializing.
    (815) 553-2406
    Request Owner's contact information
    401 Limit St Lincoln, IL 62656
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    401 Limit St
    Lincoln, IL 62656
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    401 Limit St Lincoln, IL 62656
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.