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    109 Sangamon St Lincoln, IL 62656

    For Sale
    $249,900

    Established eatery with apartment income.

    Property size:
    7,832 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional opportunity presents the chance to acquire The Blue Dog, a beloved Lincoln, IL restaurant operating since 1979. Boasting 7,832 square feet, this turnkey establishment includes all equipment and furnishings (excluding personal items). Significant improvements exceeding $50,000 were completed within the past year, enhancing its operational efficiency and appeal. These upgrades include a new salad bar, 8-tap kegerator, 6-foot flame grill with integrated meat refrigerator, two soda stations with ice bins, five additional booths, a new deep fryer, bar refrigerator, a triple-door kitchen refrigerator, and a 30-quart floor-standing commercial mixer. The restaurant's seating capacity expanded in 2012 from 70 to 110, reflecting its popularity within the Lincoln/Logan County community. Convenient off-street parking is available, along with a full basement, rear carport, and substantial overhead second-floor storage/workspace. Adding to the investment potential, a two-bedroom apartment (located at 113 1/2 S. Sangamon Street, Lincoln) is included, currently generating $700 per month in rental income. This well-priced property offers a unique blend of established business and rental income, making it an attractive investment for discerning buyers. The property is priced at $249,900.

    Property Features for 109 Sangamon St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    7,832 SF

    Building Details

    Year Built
    1880
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -89.36479
    Latitude
    40.14782

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    FAQs

    What type of property is this?
    Commercial real estate - Established eatery with apartment income.
    Where is this commercial real estate located?
    The property is located at 109 Sangamon St Lincoln, IL.
    What is the asking price?
    The asking price for this property is $249,900.
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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

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    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
    109 Sangamon St Lincoln, IL 62656
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