Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1469-1487 Woodlawn Rd Lincoln, IL

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $14 SF/Yr

    Retail spaces for lease in Lincoln Town Center.

    Type:RETAIL
    Property size:
    5,000 SF
    Lot size:
    7.30 Acres
    Added:
    Sep 29, 2025
    Days on Market:
    185
    Last Refresh:
    Mar 29 at 9:13 pm

    Property Features for 1469-1487 Woodlawn Rd

    General Information

    Standard status
    Active
    Size
    5,000 SF
    Lot size
    7.30 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 1469-1487 Woodlawn Rd Contact us

    We can help!

    Listing Contact
    Collin Fischer
    Collin Fischer

    Listing agent Collin Fischer

    Listing office BARBERMurphy

    Listing date Sep 29, 2025

    Source Moodyscre

    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

    Overview

    Retail Spaces in Lincoln Center

    Office and retail spaces are available for lease within Lincoln Town Center, which is located in a prime location with excellent visibility on Woodlawn Road, with an average daily traffic count of 10,300. Current tenants include Cricket Wireless, Fantastic Sam’s, Bard Optical, VIP Smoke Shop, AT&T, and Dotty’s. Available spaces include Suite 1469, an end cap space offering 1,400 square feet; Suite 1471, providing 1,400 square feet; Suite 1473, also with 1,400 square feet; Suite 1475, a former grocery store encompassing 38,826 square feet and equipped with 2 dock doors; and Suite 1479A, featuring 5,000 square feet.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Logan
    State
    Illinois
    Longitude
    -89.3947
    Latitude
    40.1568

    Nearby Similar for Lease

    • Contact for pricing

      Lincoln Commercial Property for Rent

      Commercial property available for rent in Lincoln, Illinois.
      3091 Woodlawn Rd, Lincoln, IL, USA, Lincoln, IL 62656
      View Details
    • Contact for pricing

      Retail Space in Lincoln, IL

      Retail space available for lease in Lincoln, Illinois.
      429 Keokuk St, Lincoln, IL
      View Details
    • $10/mo

      Retail Space in Heritage Plaza

      Retail spaces for lease in Lincoln, Illinois near I-55.
      1200 Woodlawn Rd, Lincoln, IL
      View Details
    • $4/mo

      Office and Industrial Space Available

      Single tenant office and industrial space for lease.
      912 Woodlawn Rd, Lincoln, IL 62656
      View Details
    • Contact for pricing

      Lincoln Retail/Office Spaces Available

      Retail and office spaces for lease in Lincoln Town Center.
      1475 Woodlawn Rd, Lincoln, IL 62656
      View Details
    • Contact for pricing

      Office/Retail Spaces for Lease

      Multiple office and retail spaces available for lease.
      1200 Woodlawn Rd, Lincoln, IL 62656
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail spaces for lease in Lincoln Town Center.
    Where is this shopping center located?
    The property is located at 1469-1487 Woodlawn Rd Lincoln, IL.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Prime location on Woodlawn Rd with high visibility (10,300 ADT); Variety of suite sizes available, ranging from 1,400 SF to 38,826 SF; Anchored by established tenants including Cricket Wireless, Fantastic Sam’s, Bard Optical, VIP Smoke Shop, AT&T and Dotty’s
    (618) 420-2376
    We can help!
    Listing Contact
    Collin Fischer
    Collin Fischer
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!