614 Broadway St, Lincoln, IL 62656
For Sale
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This extensively renovated 2,960 sq ft commercial building at 614 Broadway Street in Lincoln, IL, is available for $250,000. Located in the heart of downtown, this property boasts a stunning interior featuring a welcoming entry area, a spacious open-concept dining area with elegant tin ceilings and high-end fixtures. The building also includes a well-equipped prep area, a large kitchen, two bathrooms, ample storage, and updated mechanical systems. Rich cherry wood finishes are showcased throughout. The building has housed a successful local business, Sorrento's, since 2018, which has operated in Lincoln for 54 years. While the business is not included in the sale price, the seller is open to discussions regarding the sale of the personal property at an additional cost. All supplies and furnishings (excluding one dough proofing bowl and oval dining table) are available for purchase. The building presents a fantastic opportunity for a variety of commercial uses, allowing for creative adaptation to suit the buyer's needs. All reasonable offers will be considered. The property sits on a 0-acre lot.
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Sorrento's Pizzeria - Lincoln Restaurant
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.
