Bar Property with Party
For Sale
$250,000
401 Limit Street, Lincoln, IL 62656
Commercial Sale, Lincoln, IL
Property SizeContact for details
Days on Market730
Property Features for 401 Limit Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
COMMR
Directions
Intersection of Tremont and Limit Street in Lincoln, IL
Subdivision
Lincoln
Standard status
Active
APN
0803102270
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2546
Utilities
Cooling system
Central Air
Amenities
party room
wet and dry bar
storage areas
up to date restrooms
Building Details
Year built
1977
Floors in Building
1
Number of units
1
Building materials
Brick, Wood, Vinyl Siding
Listing Agency:
Coldwell Banker Commercial Real Estate Group · Coldwell Banker Real Estate
(630) 844-2222
Listed By:
Gina Mudge · License #475211625
(815) 553-2411
Added: Sep 17, 2024
Changed: Aug 19
Last Checked: Sep 16 at 5:06PM
MLS# 12165693
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This bar property at 401 Limit Street in Lincoln, Illinois, includes a dedicated party room for private events, an outdoor social area, and both wet and dry bar service areas. Two storage areas and updated restrooms support day-to-day operations, while the existing bar setup is fully equipped. Central air conditioning serves the building, which was constructed in 1977 with brick, wood, and vinyl siding components.
The property is located in Logan County and carries COMMR zoning. Its existing configuration combines customer gathering areas with practical back-of-house storage and service features, providing a defined layout for continued bar operations and private functions.
The property is located in Logan County and carries COMMR zoning. Its existing configuration combines customer gathering areas with practical back-of-house storage and service features, providing a defined layout for continued bar operations and private functions.
Key Highlights
- Party room for private events and gatherings
- Outdoor area for al fresco drinks and socializing
- Wet bar and dry bar areas
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
230
Businesses Nearby
8k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
7,608 visits/mo
0.0 miles
Demographics for 62656, IL
18,634
Population
7,569
Households
2.5
Avg Household Size
41
Median Age
18%
College-Educated
90%
High-School Grad
142.8 sq mi
ZIP Area
130
Density / Sq Mi
$59,129
Median Household Income
$32,170
Median Earnings
$807
Median Rent
$128,900
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Spirited Republic/Limerick Brewing Company — 509B Pulaski St, Lincoln, IL 62656
- Lucky Dog — 401 Limit St, Lincoln, IL 62656
- Copper & Oak Bourbon & Craft Beer Bar — 227 N Kickapoo St, Lincoln, IL 62656
- Chances R — 421 N Chicago St, Lincoln, IL 62656
- O K Tavern Inc — 1215 N McLean St, Lincoln, IL 62656
Frequently Asked Questions
What type of property is this?
Bar & Pub - Commercial bar with private-event space, outdoor area, wet and dry bars, and central air.
Where is this bar & pub located?
The property is located at 401 Limit Street 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: Party room for private events and gatherings; Outdoor area for al fresco drinks and socializing; Wet bar and dry bar areas
