Property profile

305 Decatur St Lincoln, IL 62656

OFF-MARKET
Commercial real estate
Property ID
US28-3681475
Entity Owned 1-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

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

Current use

Occupant on record · Public records
  • Insurance Agency

Location

305 Decatur St Lincoln, IL 62656-2808
Lincoln metro Census 953300 LINCOLN, IL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$140k

Owner & transaction history

since 2025
Last sale
$150,000
1 recorded transaction
2025
$150,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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 305 Decatur 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.
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