500-508 Broadway St Lincoln, IL 62656

Property Details for 500-508 Broadway St

Property size

11,000 SF

Property type

Commercial real estate

Description

This exceptional 11,000-square-foot commercial building at 500-508 Broadway Street in Lincoln, Illinois, presents a unique investment opportunity. For over a century, this property served as the headquarters for the State Bank of Lincoln, offering a rich history and established presence within the community. The building boasts a substantial layout featuring twenty-plus private offices, multiple restrooms, and four spacious conference rooms. The impressive lobby is highlighted by high ceilings, adding to the building's grandeur. A significant feature is the inclusion of a large, walk-in vault, providing ample secure storage space. The seller, Heartland B&T, envisions a repurposing of this facility to better serve the Lincoln community. This presents a remarkable chance for creative redevelopment, transforming this landmark building into a valuable asset for the area. The property's size and existing infrastructure offer considerable flexibility for a variety of commercial uses. Its central location on Broadway Street ensures high visibility and accessibility. The asking price of $350,000 represents a compelling value for a property of this scale and historical significance. This is an exceptional opportunity to acquire a substantial commercial property with significant potential in a thriving Illinois community.