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Heritage Plaza Shopping Center
For Sale
Contact for pricing
Pending

1200 Woodlawn Rd, Lincoln, IL 62656

Multi-tenant retail center with Dollar General, Goodwill, and Shoe Sensation.

Property Size101,000 SF
Days on Market144

Property Features for 1200 Woodlawn Rd

General Information

Standard status Pending
Size 101,000 SF
Property subtype Retail
Occupancy 42%

Building Details

Year Built 1974
Year Renovated 2005
Tenancy Multi
Listing Agency: Barbermurphy Group
Listed By: Collin Fischer, CCIM, SIOR · License #471020932
Source: Crexi
Added: Apr 10 Changed: Aug 30 Last Checked: Apr 13 at 7:59PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Barbermurphy Group

Investment Insights

Based on property information with market context.

Heritage Plaza is a 101,000-square-foot shopping center built in 1974 and renovated in 2005. Current occupancy is 42%, with Dollar General, Goodwill, Shoe Sensation, and Lincoln Memorial Hospital among the occupants. The center includes space formerly occupied by Big R farm store, which relocated to the former Walmart site at Lincoln Town Center.

The property is positioned at the intersection of US 66, also identified as Bus. I-55, and SR 121 in Lincoln, Illinois. McDonald’s and Bonanza operate on separately owned out lots. Nearby retail includes AutoZone, Aldi, Gordmans, Dollar Tree, Walgreens, CVS, and O’Reilly Auto Parts. Logan County Fair Grounds and Abraham Lincoln Memorial Hospital are within one mile.

Heritage Plaza is one of four shopping centers in a Lincoln portfolio totaling just over 200,000 square feet. The portfolio also includes Lincoln Town Center, Woodlawn Plaza, and Childers Plaza, with total occupancy of 50%.

Key Highlights

  • 101,000‑square‑foot shopping center built in 1974 and renovated in 2005
  • Current occupancy of 42%
  • Occupants include Dollar General, Goodwill, Shoe Sensation, and Lincoln Memorial Hospital

Property Analytics

Current Use

Lincoln Taekwondo Training Center Elsa's Slots Gambling House

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Big Box & Wholesale Store HVAC Service Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

42%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

324
Businesses Nearby
75k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 52% Dining 36% Apparel 5% Electronics 4%
McDonald's Dining
26,799 visits/mo 0.1 miles
Casey's General Store Shops & Services
19,480 visits/mo 0.2 miles
Dollar Tree Shops & Services
12,108 visits/mo 0.2 miles
Dollar General Shops & Services
5,386 visits/mo 0.1 miles
Goodwill Apparel
3,679 visits/mo 0.1 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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Similar Off Market Nearby

  • Lincoln Town Center 1481 Woodlawn Rd, Lincoln, IL 62656
  • Gary Parns Shop 806 N Madison St #804, Lincoln, IL 62656
  • Woodlawn Savings Center 821 Woodlawn Rd, Lincoln, IL 62656
  • Heritage Plaza Shopping Center 1212 Woodlawn Rd, Lincoln, IL 62656

Frequently Asked Questions

What type of property is this?
Shopping center - Multi-tenant retail center with Dollar General, Goodwill, and Shoe Sensation.
Where is this shopping center located?
The property is located at 1200 Woodlawn Rd Lincoln, IL.
What are key features of this property?
This property features: 101,000‑square‑foot shopping center built in 1974 and renovated in 2005; Current occupancy of 42%; Occupants include Dollar General, Goodwill, Shoe Sensation, and Lincoln Memorial Hospital
(248) 415-2616 Call to check price and availability
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