608-612 Broadway Lincoln, IL 62656

Property Details for 608-612 Broadway

Property type

Commercial real estate

APN

08-210-076-00

APU

821007600

Description

This exceptional investment opportunity presents a 21,000 square foot mixed-use commercial building located at 608-612 Broadway Street in Lincoln, Illinois. Currently operating at 100% occupancy, the property features six units: two retail storefronts (including a Hallmark store), and three fully leased residential apartments on the second floor. An additional leasable storage space is situated at the rear. The asking price is $550,000, translating to $33.29 per square foot. The building, constructed in the 1900s, boasts all-brick construction and desirable architectural character, perfect for small-town businesses. The C-1 zoning allows for a variety of uses, including retail, residential, restaurants, and salons. Situated in a thriving downtown area along historic Route 66, the property benefits from substantial commercial and residential traffic. Lincoln's strong retail, healthcare, and dining sectors, coupled with nearby major roadways and attractions (including Route 55, Route 66, Cracker Barrel, Jimmy Johns, Walmart, Lincoln Speedway, and Logan County Airport), ensure a broad customer base. The property's location within a vibrant commercial district, featuring local coffee shops, restaurants, and other retailers, further enhances its appeal. The sale includes the option to purchase the existing inventory, and franchise rights are also included in the sale, or a lease-back option with franchise purchase is available. This presents a unique opportunity to acquire a well-established, income-producing property in a desirable location. The property's APN is 08-210-076-00.