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    Lincoln, IL
    Mixed-Use

    Lincoln, IL Mixed-use Properties for Sale

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    Updated Mixed-Use Property with Apartment
    Updated: Oct 14, 2025
    Updated Mixed-Use Property with Apartment

    113 N Kickapoo Street, Lincoln, IL 62656

    $585,900
    0.17 AC lot
    Three‑bedroom upstairs apartment with flex room, full kitchen, oversized living room, and private garage parking
    Primary storefront includes tall tin ceilings and multiple storefront windows
    Attached retail area provides a separate commercial setting from the main space
    Updates since 2016 include windows, flooring, roofing, LED lighting, and reverse osmosis water system
    Fully paid‑off owned solar panels convey with the property
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    Updated Mixed-Use Downtown Building
    Updated: Oct 12, 2025
    Updated Mixed-Use Downtown Building

    113 N Kickapoo St, Lincoln, IL 62656

    $585,900
    12,000 sqft
    Three‑bedroom upstairs apartment with flex room, full kitchen, oversized living room, and private garage parking
    Primary retail area features tall tin ceilings and storefront windows
    Attached separate retail space provides an additional commercial area; space is not updated
    Updates since 2016 include windows, flooring, roofing, LED lighting, and reverse osmosis water system
    Owned solar panels are fully paid off
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    Renovated Mixed-Use Property with Outbuilding
    Renovated Mixed-Use Property with Outbuilding

    710 N Jefferson Street, Lincoln, IL 62656

    $289,000
    1,990 sqft

    Updated mixed-use property with flexible interior space, attached garage, paved parking, and a heated accessory building.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Brick Mixed-Use Building
    Brick Mixed-Use Building

    608-612 Broadway Street, Lincoln, IL 62656

    $585,000

    All-brick building with two retail storefronts on the main level and three fully leased apartments above.

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    Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 4 Active listings in Lincoln, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Two-Building Cafe and Retail
    Two-Building Cafe and Retail

    100-102 Governor Oglesby St, Elkhart, IL 62634

    $345,000
    6,200 sqft

    Two connected buildings include a 68-seat cafe, retail space, and a walk-up loft apartment.

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    Mobile Home Park with Commercial Building
    Mobile Home Park with Commercial Building

    3915 N DIRKSEN Parkway, Springfield, IL 62702

    $250,000
    1.58 AC lot

    B-1 zoning with a variance supports the existing mobile home park use alongside a vacant commercial building.

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    Mobile Home Park with Commercial Building
    Mobile Home Park with Commercial Building

    3915 N DIRKSEN Parkway, Springfield, IL 62702

    $250,000
    1.58 AC lot

    B-1 property with a mobile home park variance, existing rental homes, and a vacant commercial structure.

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    Mixed-Use Building with Rear Apartment
    Mixed-Use Building with Rear Apartment

    107 S Governor Oglesby Street, Elkhart, IL 62634

    $350,000

    Brick building combines a Route 66 model raceway hobby shop with an apartment at the rear.

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    Lincoln, IL Mixed-Use Properties Market Trends and Statistics

    Explore 4 mixed-use properties for sale in Lincoln, IL, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 13,990 square feet of properties for sale, with an estimated market value of $2,045,800.

    Sale prices for multi use buildings in Lincoln, IL start at $289,000, averaging $511,450, and reaching up to $585,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 18K
    Population Growth (5Y) -6.0%
    Median Household Income $59,129
    College Educated 25.1%

    High-Yield Neighborhoods for Investment

    Identify Lincoln submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    62656 $511.5K

    Taxes & Financing

    Tax Rate (average for all types) 8.36%
    Property Tax per SF $6.81 per SF
    Tax Rate vs County Average 0.46 pp above county avg
    Average Loan-to-Value 65.0%

    Property Size Breakdown

    The majority of commercial real estate listings in Lincoln fall within the 10,000 to 25,000 square foot range.

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