514 Pekin St Lincoln, IL 62656

Property Details for 514 Pekin St

Property type

Commercial real estate

APN

08-210-034-00

APU

821003400

Description

This exceptional 1,032 square foot commercial building at 514 Pekin Street in Lincoln, Illinois presents a unique investment opportunity. Ideally situated just steps from the Amtrak station and the historic downtown square, this all-brick structure offers unparalleled convenience and visibility. Currently occupied by a men's clothing store, the property's R-2 zoning allows for a wide range of commercial uses, making it suitable for various small professional businesses. Alternatively, its charming features and layout offer significant potential for conversion into a single-family residence. The building boasts several desirable features including a partial basement, convenient rear ramp access, ample parking both on the street and in the rear, and recently updated amenities. These updates encompass vinyl replacement windows, modern flooring, updated fixtures and plumbing, a new furnace, a central air conditioning unit, and fresh paint throughout, ensuring a move-in ready condition. The property's excellent condition and prime location combine to create a compelling investment prospect with strong potential for future growth and profitability. This is a rare opportunity to acquire a well-maintained, versatile property in a thriving downtown area. Don't miss out on this exceptional offering.

Location Insight

City

Lincoln

County

Logan

State

Illinois

Longitude

-89.3637

Latitude

40.1492

CBSA code

30660

CBSA name

LINCOLN, IL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments