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    401 Limit St Lincoln, IL 62656

    Sponsored
    For Sale
    $250,000

    COMMERCIAL - Lincoln, IL

    Type:Retail
    Days on Market:
    3
    Last Refresh:
    Jan 5 at 7:06 am

    Property Features for 401 Limit St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    COMMR
    APN
    0803102270

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1977
    Floors in Building
    1
    Number of units
    1
    Building materials
    Brick, Wood, Vinyl Siding

    Honig Realty, Inc. (dba. Coldwell Banker Honig-Bell) (815) 553-2411 [email protected]

    Listing agent Gina Mudge (630) 844-2222

    Listing date Jan 3, 2026

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turn-Key Bar in Lincoln, IL

    This turn-key, thriving bar is located in Lincoln, IL. The well-established business features a party room, ideal for private events and gatherings, with ample space to accommodate various functions. It also includes a vibrant outdoor area perfect for al fresco drinks and socializing. The establishment offers both a wet and dry bar and two storage areas, as well as up-to-date restrooms. The bar combines a fun atmosphere with practical amenities, offering both a strong foundation and exciting growth potential. This venue is ready to turn your vision into reality, whether you're an experienced operator or a passionate entrepreneur.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lucky Dog Bar

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Similar Places Nearby

    Copper & Oak Bourbon & Craft Beer Bar, Idle Hour Inn, Lucky Dog, Spirited Republic/Limerick Brewing Company, Chances R

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Logan
    State
    Illinois
    Longitude
    -89.3491855
    Latitude
    40.1448733

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    FAQs

    What type of property is this?
    Bar - Thriving bar with party room and outdoor area for sale.
    Where is this bar located?
    The property is located at 401 Limit St 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 opportunity.; - Prime location with loyal customer base.; - Party room ideal for private events and gatherings.
    (630) 844-2222
    Request Owner's contact information
    401 Limit St Lincoln, IL 62656
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    Lincoln, IL 62656
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    Realmo Value Estimation

    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.

    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.

    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
    401 Limit St Lincoln, IL 62656
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