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514 Pekin St Lincoln, IL 62656

Sponsored
For Sale
$95,000

Downtown Lincoln, IL - Versatile Commercial Space

Property size:
1,032 SF

Description

Added:
Feb 3, 2025
Days on Market:
337
This exceptional 1,032 square foot commercial building at 514 Pekin Street in Lincoln, Illinois presents a unique investment opportunity. Ideally situated just steps from the Amtrak station and the historic downtown square, this all-brick structure offers unparalleled convenience and visibility. Currently occupied by a men's clothing store, the property's R-2 zoning allows for a wide range of commercial uses, making it suitable for various small professional businesses. Alternatively, its charming features and layout offer significant potential for conversion into a single-family residence. The building boasts several desirable features including a partial basement, convenient rear ramp access, ample parking both on the street and in the rear, and recently updated amenities. These updates encompass vinyl replacement windows, modern flooring, updated fixtures and plumbing, a new furnace, a central air conditioning unit, and fresh paint throughout, ensuring a move-in ready condition. The property's excellent condition and prime location combine to create a compelling investment prospect with strong potential for future growth and profitability. This is a rare opportunity to acquire a well-maintained, versatile property in a thriving downtown area. Don't miss out on this exceptional offering.

Property Features for 514 Pekin St

General Information

Property type
Other commercial real estate
Square Feet
1,032 SF

Property Profile Location Intelligence

Current Use by Public Records

Prairie Threads Men'S Clothing Store Apple Dental Center Dental Clinic Gurga Lee DDS 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
-89.36369
Latitude
40.14925

FAQs

What type of property is this?
Commercial real estate - Downtown Lincoln, IL - Versatile Commercial Space
Where is this commercial real estate located?
The property is located at 514 Pekin St Lincoln, IL.
What is the asking price?
The asking price for this property is $95,000.
More about this property
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