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124 Chicago St Lincoln, IL 62656

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For Sale
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Historic Downtown Lincoln, IL Commercial Property

Property Features for 124 Chicago St

General Information

Property type
Restaurants

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Listing Contact
Seth Goodman
Seth Goodman

Listing Agency: ME Realty Listing Agent: Seth Goodman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional investment opportunity presents a 5,600 square foot, two-story brick commercial building located in historic downtown Lincoln, Illinois. The main floor houses a thriving restaurant, featuring a recently renovated open dining area with high tin ceilings, a large upgraded kitchen, two bathrooms, a bar area, and a reception area. Upstairs, a fully functional three-bedroom apartment boasts ample natural light and spacious rooms, including a large open living/dining area, kitchen, three bedrooms, a full bath, and laundry facilities. A full basement and an attached rear storage area (no interior access) provide additional space. The asking price is for the structure only; however, the sellers are open to discussions regarding the sale of appliances and equipment. The current restaurant owners are also open to a leaseback arrangement. This property offers significant potential for a variety of uses and income streams. The property is located at 124 S CHICAGO Street, Lincoln, IL 62656.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Ami-gos World Restaurant

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
-89.3639811
Latitude
40.1467525

FAQs

What type of property is this?
Restaurant - Historic Downtown Lincoln, IL Commercial Property
Where is this restaurant located?
The property is located at 124 Chicago 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: $250,000 asking price for a 5,600 sq ft, two-story brick commercial building.; Located in historic downtown Lincoln, IL at 124 S Chicago Street.; Currently houses a restaurant on the main floor and a three-bedroom apartment upstairs.
(217) 737-3742 Call to check price and availability
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