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    Property profile & analytics

    124 Chicago St Lincoln, IL 62656

    • Commercial real estate
    For Sale
    View listing
    $250,000
    Value Estimation
    Last Sale
    Aug 04, 2023
    $25,000
    Location Intelligence
    Property ID
    US28-4281081
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Ami-gos World / Restaurant

    Property Details for 124 Chicago St

    Property type
    Commercial real estate
    APN
    08-210-158-00
    APU
    821015800

    Description

    This exceptional 5,600 square foot, two-story brick commercial building is located in Lincoln, Illinois' historic downtown. The main floor currently houses the thriving Ami-gos' World restaurant, recently renovated with a large open dining area featuring high tin ceilings, a modern kitchen, two bathrooms, a bar area, and a reception area. The upper level offers a spacious three-bedroom apartment complete with a separate entrance, a large open living/dining/office area, a kitchen, a full bathroom, and laundry facilities. Natural light floods the apartment's generously sized rooms. A full basement and an attached rear storage area (no interior access) provide ample additional space. The building's list price is for the structure only

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Logan
    State
    Illinois
    Longitude
    -89.364
    Latitude
    40.1467
    CBSA code
    30660
    CBSA name
    LINCOLN, IL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,022
    $7,040
    $24,920
    $31,960
    -
    $21,120
    $74,760
    $95,880

    Comparable in this City

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    124 Chicago St
    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
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