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Turn-Key Bar in Lincoln, IL
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401 Limit Street, Lincoln, IL 62656

Thriving bar with party room, outdoor area, and loyal customers.

Property Size2,220 SF
Price / SF$112.61
Days on Market696

Property Features for 401 Limit Street

General Information

Standard status Active
Size 2,220 SF
Property subtype Hospitality
Listing Agency: Coldwell Banker Commercial Real Estate Group
Listed By: Gina Mudge · License #475.211625
Source: Crexi
Added: Sep 24, 2024 Changed: Aug 12 Last Checked: Aug 19 at 9:11AM

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 Coldwell Banker Commercial Real Estate Group

Investment Insights

Based on property information with market context.

This is a turn-key, well-established bar located in Lincoln, IL. The property features a party room suitable for private events and gatherings, as well as an outdoor area for socializing. The bar includes both a wet and dry bar setup, along with two storage areas and updated restrooms. The interior design is fresh, and the business benefits from a loyal customer base. The property size is 2220 square feet. The bar offers a fun atmosphere with practical amenities, providing a strong foundation and growth potential. This venue is suited for experienced operators or entrepreneurs.

Key Highlights

  • Turn‑key, thriving bar business with established customer base.
  • Prime location in Lincoln, IL.
  • Party room for private events and gatherings.

Property Analytics

Current Use

Lucky Dog Bar & Pub

Suggested Use

Top Pick Real Estate Agency Pharmacy Big Box & Wholesale Store Building Supply Electrical Service Garden Center

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

230
Businesses Nearby
8k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Dollar General Shops & Services
7,608 visits/mo 0.0 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

  • Copper & Oak Bourbon & Craft Beer Bar 227 N Kickapoo St, Lincoln, IL 62656
  • Lucky Dog 401 Limit St, Lincoln, IL 62656
  • O K Tavern Inc 1215 N McLean St, Lincoln, IL 62656
  • Spirited Republic/Limerick Brewing Company 509B Pulaski St, Lincoln, IL 62656
  • Chances R 421 N Chicago St, Lincoln, IL 62656

Frequently Asked Questions

What type of property is this?
Bar & Pub - Thriving bar with party room, outdoor area, and loyal customers.
Where is this bar & pub located?
The property is located at 401 Limit Street Lincoln, IL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Turn‑key, thriving bar business with established customer base.; Prime location in Lincoln, IL.; Party room for private events and gatherings.
(630) 844-2222 Call to check price and availability
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