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    Lincoln Retail/Office Spaces Available Title is generated by Realmo AI

    1475 Woodlawn Rd, Lincoln, IL 62656

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    Retail and office spaces for lease in Lincoln Town Center.

    Type:Retail, Office
    Property size:
    38,826 SF
    Added:
    Mar 29, 2022
    Days on Market:
    1531
    Last Refresh:
    May 12 at 9:17 pm

    Property Features for 1475 Woodlawn Rd

    General Information

    Standard status
    Active
    Size
    38,826 SF
    Property subtype
    Retail, Office

    Spaces For Lease

    at 1475 Woodlawn Rd Contact us

    Suite 1479 A $14/Mo

    Size
    5,000 SF
    Type
    Retail, Office
    Suite 1479A – 5,000 SF
    Contact us

    Suite 1475 $14/Mo

    Size
    38,826 SF
    Type
    Retail, Office
    Suite 1475 – 38,826 SF Space is a former grocery store with 2 Dock Doors.
    Contact us

    Suite 1469 $14/Mo

    Size
    1,400 SF
    Type
    Retail, Office
    Suite 1469 – 1,400 SF – End Cap Space
    Contact us

    Suite 1473 $14/Mo

    Size
    1,400 SF
    Type
    Retail, Office
    Suite 1473 – 1,400 SF
    Contact us

    Suite 1471 $14/Mo

    Size
    1,400 SF
    Type
    Retail, Office
    Suite 1471 – 1,400 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Collin Fischer, CCIM, SIOR

    Listing agent Collin Fischer, CCIM, SIOR License #471020932

    Listing office Barbermurphy Group

    Listing date Mar 29, 2022

    Source Crexi

    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

    HighLights

    • Prime location with excellent visibility on Woodlawn Rd (10,300 ADT)
    • Former grocery store space available (38,826 SF) with 2 Dock Doors
    • End Cap Space available (1,400 SF)
    • Join established tenants: Cricket Wireless, Fantastic Sam’s, Bard Optical, VIP Smoke Shop, AT&T and Dotty’s
    • Multiple suite sizes available: 1,400 SF, 5,000 SF, and 38,826 SF
    • Office/Retail spaces for lease

    Overview

    Located in Lincoln Town Center, these office and retail spaces are available for lease. The center is positioned in a prime location with high visibility on Woodlawn Rd, which sees an average daily traffic of 10,300 vehicles. Current tenants include Cricket Wireless, Fantastic Sam’s, Bard Optical, VIP Smoke Shop, and AT&T. Available spaces include: Suite 1469, offering 1,400 square feet as an end cap space; Suite 1471, providing 1,400 square feet; Suite 1473, also with 1,400 square feet; Suite 1475, a larger space of 38,826 square feet, formerly a grocery store and equipped with 2 dock doors; and Suite 1479A, offering 5,000 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    MoneyGram Bank

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Logan
    State
    Illinois
    Longitude
    -89.394727
    Latitude
    40.156786

    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
      4,548 SF

      Retail Space in Lincoln, IL

      Retail space available for lease in Lincoln, Illinois.
      429 Keokuk St, Lincoln, IL
      View Details
    • $14 SF/Yr
      5,000 SF

      Retail Spaces in Lincoln Center

      Retail spaces for lease in Lincoln Town Center.
      1469-1487 Woodlawn Rd, Lincoln, IL
      View Details
    • $10 SF/Yr
      54,343 SF

      Retail Space in Heritage Plaza

      Retail spaces for lease in Lincoln, Illinois near I-55.
      1200 Woodlawn Rd, Lincoln, IL
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail and office spaces for lease in Lincoln Town Center.
    Where is this retail space located?
    The property is located at 1475 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 with excellent visibility on Woodlawn Rd (10,300 ADT); Former grocery store space available (38,826 SF) with 2 Dock Doors; End Cap Space available (1,400 SF)
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Collin Fischer, CCIM, SIOR
    Real Estate License ID: 471020932
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    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
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