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Restaurant and Bar with Event Space
For Sale
$190,000

1230 5TH Street, Lincoln, IL 62656

COMMERCIAL - Lincoln, IL

Property SizeContact for details
Lot Size0.33 Acres
Days on Market9

Property Features for 1230 5TH Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning Commercial
Directions GPS
Standard status Active
APN 12-420-006-00
Lot size 0.33 Acres

Taxes and HOA fees

Tax Annual Amount 3315

Utilities

Sewer type Public Sewer
Heating system Forced Air, Natural Gas
Cooling system Central Air

Amenities

gazebo
pond

Building Details

Floors in Building 1
Flooring type Carpet, Concrete, Tile
Building materials Vinyl Siding, Frame
Roof type Composition
Listing Agency: The Real Estate Group, Inc.
Listed By: Debra Sarsany · License #475118739
Added: Aug 12 Changed: Aug 17 Last Checked: Aug 20 at 4:06PM
MLS# CA1045780

Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This conventional restaurant property includes 4,876 square feet on the main level, configured with two bars, a commercial kitchen, and areas suited to dining, entertainment, and banquets. A 2,643-square-foot unfinished basement provides storage space and room for future buildout. Interior finishes include concrete, carpet, and tile, with forced-air heating, natural-gas service, and central air conditioning.

Outdoor amenities include a beer garden, gazebo, and pond, creating additional space for warm-weather gatherings, live music, and private events. The property occupies 0.33 acres and is served by a public sewer system. Vinyl siding, frame construction, and a composition roof complete the building improvements.

Key Highlights

  • 4,876 SF main level with two bars and a commercial kitchen
  • 2,643 SF unfinished basement for storage or future buildout
  • Outdoor beer garden with gazebo and pond

Property Analytics

Current Use

Chad's Blind Construction Company Postville Pub & Eatery Restaurant Cafe Billiards Cafe & Coffee Shop

Suggested Use

Top Pick Real Estate Agency Law Firm Grocery & Convenience Store Daycare Center Plumbing Service (Bike/Boat/Book/etc) Store

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

Location Intelligence

Trade Area within ½ mile

290
Businesses Nearby
14k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Casey's General Store Shops & Services
10,412 visits/mo 0.1 miles
Phillips 66 Shops & Services
3,803 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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Commercially zoned restaurant property with indoor dining, entertainment areas, and an outdoor setting for seasonal gatherings.
Where is this conventional restaurant located?
The property is located at 1230 5TH Street Lincoln, IL.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: 4,876 SF main level with two bars and a commercial kitchen; 2,643 SF unfinished basement for storage or future buildout; Outdoor beer garden with gazebo and pond
More about this property
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