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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    305 Decatur St, Lincoln, IL 62656-2808

    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US28-3681475
    Property summary
    AI-generated overview

    This exceptional 3,600 square foot commercial property at 305 Decatur Street in Lincoln, Illinois presents a remarkable investment opportunity. Ideally situated just steps from the historic downtown area, this building offers unparalleled versatility and significant potential. The property is divided into two distinct sections. The east side features three levels, each offering adaptable space. The lower level boasts ample shelving for storage, along with a convenient kitchen and bathroom. The middle level includes a secretary area, employee workroom, customer waiting area, and several private offices. The top level provides a sizable conference room and additional private office space. The west side of the building is currently occupied by a month-to-month tenant and comprises additional office space, a conference room, customer waiting area, secretary area, and an employee workroom. The entire building offers 3,600 square feet of usable space, making it suitable for a wide range of commercial ventures. Its prime downtown location and substantial size make this property an attractive prospect for businesses seeking a prominent presence in Lincoln, Illinois. The flexible layout and existing infrastructure provide a solid foundation for immediate occupancy and future expansion. This is a rare opportunity to acquire a substantial commercial property in a thriving downtown setting.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    APN 08-215-138-00
    UPID US28-3681475
    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
    Current use
    Occupant on record · Public records
    • Frontier-Mt Carroll Mutual Insurance Co Insurance Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Llph Properties LLC · 1 yrs held
    Llph Properties LLC
    since 2025
    Last sale
    $150,000
    1 recorded transaction
    2025
    $150,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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