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    109 Sangamon St Lincoln, IL 62656

    Sponsored
    For Sale
    $249,900

    Established Restaurant, Turn-Key Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional opportunity presents the chance to acquire a thriving restaurant and adjacent property in Lincoln, Illinois. Located at 109 S Sangamon Street, this well-established eatery, operating since 1979, boasts a loyal customer base and significant recent improvements exceeding $50,000. The restaurant, known as The Blue Dog, has a seating capacity of 110 (expanded in 2012 from 70), and is being sold fully equipped and furnished (excluding personal items). Key features include adjacent off-street parking, a full basement, a rear carport, and valuable overhead second-floor storage/workspace. A significant addition is a recently renovated kitchen featuring a new salad bar, 8-tap kegerator, 6-foot flame grill with integrated refrigerator, two soda stations with ice bins, five new booths, a new deep fryer, bar refrigerator, triple kitchen refrigerator, and a 30-quart floor-standing commercial mixer. Further enhancing the investment potential is a separately rented two-bedroom apartment (113 1/2 S. Sangamon Street) generating $700 monthly rental income. The property is priced at $249,900 and represents a rare chance to own a profitable, turnkey restaurant in a desirable community. Built in 1880, this property combines historical charm with modern upgrades, making it an attractive investment for both seasoned restaurateurs and aspiring entrepreneurs. The property includes land and is zoned for commercial and restaurant use.

    Property Features for 109 Sangamon St

    General Information

    Property type
    Restaurants

    Building Details

    Year Built
    1880

    HighLights

    • $249,900 asking price.
    • Land and retail property, restaurant subtype.
    • Built in 1880.
    • Located at 109 S Sangamon Street, Lincoln, IL 62656.
    • Established restaurant with over $50,000 in recent improvements.
    • Includes a two‑bedroom apartment generating $700/month rent.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Logan
    State
    Illinois
    Longitude
    -89.3648692
    Latitude
    40.1477976

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    FAQs

    What type of property is this?
    Restaurant - Established Restaurant, Turn-Key Opportunity
    Where is this restaurant located?
    The property is located at 109 Sangamon St Lincoln, IL.
    What is the asking price?
    The asking price for this property is $249,900.
    What are key features of this property?
    This property features: $249,900 asking price.; Land and retail property, restaurant subtype.; Built in 1880.
    Request Owner's contact information
    109 Sangamon 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
    109 Sangamon St Lincoln, IL 62656
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