500-508 Broadway St Lincoln, IL 62656
- Retail properties
Current Use by Public Records
- Retail properties
Property Details for 500-508 Broadway St
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional commercial property, located at 500-508 BROADWAY Street in Lincoln, Illinois, presents a unique investment opportunity. The property, formerly home to the State Bank of Lincoln for over a century, comprises three buildings totaling 11,000 square feet and sits on a sizable land parcel. The main building boasts a grand lobby with high ceilings, perfect for creating a welcoming atmosphere for any business. The interior features over 20 private offices, ideal for individual workspaces or small teams, along with multiple restrooms for convenience. Four large conference rooms provide ample space for meetings and presentations. A significant feature is the large walking vault, offering versatile potential for storage or repurposing. The property's diverse zoning allows for a variety of uses, including commercial, flex, executive office, and medical office spaces. The seller envisions the property becoming a valuable community asset in Lincoln, Illinois, and is open to creative repurposing ideas. This property is priced at $450,000 and offers significant potential for return on investment. The location in Lincoln, Logan County, IL, zip code 62656, provides excellent access to local amenities and transportation. This is a rare chance to acquire a substantial, historically significant property with immense potential for redevelopment.
Value Estimation
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Location Insight
- Map
- Local Demand
- City
- Lincoln
- County
- Logan
- State
- Illinois
- Longitude
- -89.3633
- Latitude
- 40.1475
