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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    120 Chicago St, Lincoln, IL 62656

    Entity Owned 12-yr Hold Free & Clear
    Property ID
    US28-3721385
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents two adjacent, two-story commercial buildings located in the heart of Lincoln, Illinois, at 120 S Chicago Street. Each building offers substantial square footage, totaling 5,838 square feet across both structures. Currently vacant, these properties have been unoccupied for several years, presenting a unique chance for a savvy investor to capitalize on their considerable potential. The buildings are being sold "AS IS," reflecting their need for renovation and repair. However, this condition also translates to significant upside for a buyer willing to undertake a refurbishment project. The commercial zoning allows for a wide range of potential uses, making these buildings suitable for various business ventures. The prime downtown location offers excellent visibility and accessibility, ensuring high foot traffic and potential for strong returns on investment. Given the size and location, this property is ideal for redevelopment into a thriving commercial space, offering a substantial return for the right investor. The absence of existing tenants allows for complete customization and the creation of a space tailored to specific business needs. This is a rare opportunity to acquire a substantial downtown property with significant potential for growth and profitability. Act quickly to secure this promising investment.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    APN 08-210-084-00
    UPID US28-3721385
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    State Bank Of Lincoln · 12 yrs held
    State Bank Of Lincoln
    since 2014
    2 recorded transactions
    2014
    $17,000
    2014
    $7,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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