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    305 Decatur St Lincoln, IL 62656

    For Sale
    $174,900

    Spacious 3600 sq ft commercial building, prime location.

    Property size:
    3,600 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 3,600 square foot commercial property at 305 Decatur Street in Lincoln, Illinois presents a remarkable investment opportunity. Ideally situated just steps from the historic downtown area, this building offers unparalleled versatility and significant potential. The property is divided into two distinct sections. The east side features three levels, each offering adaptable space. The lower level boasts ample shelving for storage, along with a convenient kitchen and bathroom. The middle level includes a secretary area, employee workroom, customer waiting area, and several private offices. The top level provides a sizable conference room and additional private office space. The west side of the building is currently occupied by a month-to-month tenant and comprises additional office space, a conference room, customer waiting area, secretary area, and an employee workroom. The entire building offers 3,600 square feet of usable space, making it suitable for a wide range of commercial ventures. Its prime downtown location and substantial size make this property an attractive prospect for businesses seeking a prominent presence in Lincoln, Illinois. The flexible layout and existing infrastructure provide a solid foundation for immediate occupancy and future expansion. This is a rare opportunity to acquire a substantial commercial property in a thriving downtown setting.

    Property Features for 305 Decatur St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,600 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Frontier-Mt Carroll Mutual ... Insurance Agency

    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
    -89.36513
    Latitude
    40.14408

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    FAQs

    What type of property is this?
    Commercial real estate - Spacious 3600 sq ft commercial building, prime location.
    Where is this commercial real estate located?
    The property is located at 305 Decatur St Lincoln, IL.
    What is the asking price?
    The asking price for this property is $174,900.
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    305 Decatur 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
    305 Decatur St Lincoln, IL 62656
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