514 Pekin St Lincoln, IL 62656
- Commercial real estate
Current Use by Public Records
- Prairie Threads / Clothing & Fashion Store
- Apple Dental Center / Dental Office
- Gurga Lee DDS / Dental Office
Property Details for 514 Pekin St
- Property type
- Commercial real estate
- APN
- 08-210-034-00
- APU
- 821003400
Description
This exceptional 1,032 square foot commercial building at 514 Pekin Street in Lincoln, Illinois presents a unique investment opportunity. Ideally situated just steps from the Amtrak station and the historic downtown square, this all-brick structure offers unparalleled convenience and visibility. Currently occupied by a men's clothing store, the property's R-2 zoning allows for a wide range of commercial uses, making it suitable for various small professional businesses. Alternatively, its charming features and layout offer significant potential for conversion into a single-family residence. The building boasts several desirable features including a partial basement, convenient rear ramp access, ample parking both on the street and in the rear, and recently updated amenities. These updates encompass vinyl replacement windows, modern flooring, updated fixtures and plumbing, a new furnace, a central air conditioning unit, and fresh paint throughout, ensuring a move-in ready condition. The property's excellent condition and prime location combine to create a compelling investment prospect with strong potential for future growth and profitability. This is a rare opportunity to acquire a well-maintained, versatile property in a thriving downtown area. Don't miss out on this exceptional offering.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lincoln
- County
- Logan
- State
- Illinois
- Longitude
- -89.3637
- Latitude
- 40.1492
- CBSA code
- 30660
- CBSA name
- LINCOLN, IL MICROPOLITAN STATISTICAL AREA
