You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET
Commercial real estate

121 Sangamon St Lincoln, IL 62656

Individually Owned 1-yr Hold
Property ID
US28-4087965
Property summary
AI-generated overview

This exceptional three-story brick building at 121 S Sangamon Street in Lincoln, Illinois, presents a unique redevelopment opportunity. Located in the heart of the historic downtown district, this property offers significant potential for a variety of commercial uses. Currently vacant, the building requires substantial renovation, but the rewards are substantial. The main floor boasts approximately 4,300+ square feet of commercial space, ideal for a restaurant or other retail establishment, given its prior use. The upper two floors contain multiple apartments, each offering the potential for restoration into attractive residential units. A full basement adds further versatility. The property is being sold "AS IS, WHERE IS," allowing for complete creative control over the renovation and future use. The building's prime location, combined with its substantial size and existing infrastructure, makes it an attractive investment for developers and entrepreneurs seeking a high-impact project in a vibrant Illinois community. The asking price is $10,000. The property is zoned for commercial and restaurant use, and sits on land in Logan County, Illinois, with a zip code of 62656. This is a rare chance to acquire a landmark building with immense potential in a thriving downtown area. The property's address is 121 S Sangamon Street, Lincoln, IL 62656.

Property profile
Verified
Property type Commercial real estate
UPID US28-4087965
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
Carlos Carmona · 1 yrs held
Carlos Carmona
since 2025
3 recorded transactions
2025
$8,500
2023
Price N/A
2023
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 121 Sangamon St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message