Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Atm
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Open Air Museum
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Bank Loan Service
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
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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
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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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