303 Pulaski St, Lincoln, IL 62656-2010
This exceptional 5,500 square foot commercial property, located at 303 Pulaski Street in Lincoln, Illinois, presents a unique investment opportunity. Built in 1960, this solid structure served as a bank for over six decades, offering a rich history and established presence within the community. The building boasts a versatile layout ideal for a variety of commercial uses. Currently featuring five private offices, two conference rooms, a spacious open lobby area, restrooms, a breakroom, and a walk-in vault, the property also includes a convenient drive-up window. The building's substantial size and well-maintained condition provide ample space for adaptation to suit diverse business needs. While restricted from banking operations for the next five years, this limitation opens the door for creative repurposing, potentially as a professional office complex, retail showroom, or even a high-profile restaurant. Situated in Logan County, Illinois, with a 62656 zip code, this property benefits from excellent visibility and accessibility. The asking price is $275,000, representing a compelling value for a building of this size, history, and potential in a thriving Illinois community. The property is zoned for commercial use.
-
ATM (Regions Bank) Atm
-
Lincoln Penny mural Open Air Museum
-
Heartland Bank and Trust Company Bank Loan Service
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.