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    207 Mclean St Lincoln, IL 62656

    For Sale
    $345,500

    High-yield investment, fully leased.

    Property size:
    4,120 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    310
    This exceptional 4,120 square foot commercial condominium, located at 207 S Mclean Street Unit 3 in Lincoln, Illinois, presents a compelling investment opportunity. Situated on the third floor of a building at the southwest corner of Pulaski Street and South McLean Street, in the heart of Lincoln's vibrant downtown, this property boasts a prime location with excellent visibility. Currently fully occupied by a single tenant under a lease extending to June 23, 2027, with a three-year renewal option, this investment offers immediate cash flow. The spacious interior features abundant natural light from numerous windows offering views of the Logan County Courthouse. The property's convenient location provides easy access to a variety of nearby restaurants and retail establishments, enhancing its appeal and potential for future growth. The property is classified as general commercial and is offered at an attractive 9% capitalization rate, making it an ideal addition to any investment portfolio. This is a rare opportunity to acquire a stable, high-yielding commercial property in a thriving downtown area. The asking price is $345,500.

    Property Features for 207 Mclean St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,120 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Muck & Muck Attorneys ... Estate Planning Attorney J.M. Abbott & Associates ... Accountant Pacesetter Financial Group, ... Financial Planner Germeraad Law Office Law Firm Dr. John Agapis Dentist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Logan
    State
    Illinois
    Longitude
    -89.36266
    Latitude
    40.14518

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    FAQs

    What type of property is this?
    Commercial real estate - High-yield investment, fully leased.
    Where is this commercial real estate located?
    The property is located at 207 Mclean St Lincoln, IL.
    What is the asking price?
    The asking price for this property is $345,500.
    Request Owner's contact information
    207 Mclean St Lincoln, IL 62656
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    Lincoln, IL 62656
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    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
    207 Mclean St Lincoln, IL 62656
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