Property profile

102 5th St Lincoln, IL 62656

OFF-MARKET
Commercial real estate
Property ID
US28-4061620
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 08-220-144-00
UPID US28-4061620

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

102 5th St Lincoln, IL 62656-2668
Lincoln metro Census 953300 LINCOLN, IL MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$130k

Owner & transaction history

since 2025
Last sale
$135,000
6 recorded transactions
2025
Price N/A
2025
$135,000
2017
Price N/A
2016
Price N/A
2013
$50,000
2013
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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