305 Decatur St, Lincoln, IL 62656-2808
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.
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Frontier-Mt Carroll Mutual Insurance Co Insurance Agency
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.