Property summary
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
VerifiedCap rate & NOI
Current use
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Insurance Agency
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
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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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