Property summary
This turnkey restaurant opportunity in Lincoln, Illinois, presents a fantastic chance for immediate operation. Located at 102 5th St., Lincoln, IL 62656, this 912 square foot commercial property is priced at $275,000. The sale includes all existing inventory, significantly reducing startup costs and allowing for a seamless transition. The property is fully equipped with essential restaurant equipment, including a pizza oven, a Hobart mixer, six prep tables, a deep freezer, and a walk-in cooler. This comprehensive setup eliminates the need for substantial upfront investment in kitchen infrastructure. The property's classification as both retail and land suggests potential for diverse uses beyond its current configuration. The location in Lincoln, Illinois offers access to a defined customer base within the Logan County area. This is a rare opportunity to acquire an established business with all equipment and inventory included, minimizing risk and maximizing potential for immediate profitability. The property's size and existing infrastructure make it an attractive proposition for experienced restaurateurs or entrepreneurs seeking a ready-to-operate business. Serious inquiries are encouraged to explore this exceptional opportunity further.
Property profile
VerifiedCap rate & NOI
Current use
-
Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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