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    Lincoln, IL
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    Lincoln, IL Restaurants for Sale

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    Broadwell, IL Annawan, IL Atlanta, IL Mt Pulaski, IL Carbondale, IL Elkhart, IL Lake Carroll, IL Emden, IL
    6 properties
    Restaurant and Bar with Event Space
    Updated: Aug 12
    Restaurant and Bar with Event Space

    1230 5TH Street, Lincoln, IL 62656

    $190,000
    0.33 AC lot
    4,876 SF main level with two bars and a commercial kitchen
    2,643 SF unfinished basement for storage or future buildout
    Outdoor beer garden with gazebo and pond
    Interior areas support dining, entertainment, and banquets
    Commercial zoning on a 0.33‑acre property
    View details
    Bar with Party Room
    Updated: Sep 17, 2024
    Bar with Party Room

    401 Limit Street, Lincoln, IL 62656

    $250,000
    Party room for private events and gatherings
    Wet and dry bar plus two storage areas
    Up‑to‑date restrooms
    Outdoor area for al fresco drinks and socializing
    Central air cooling system
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    Conventional Restaurant with Event Space
    Conventional Restaurant with Event Space

    1230 5th Street, Lincoln, IL 62656

    $190,000
    7,567 sqft

    Two bars, a commercial kitchen, and outdoor amenities support dining and hosted gatherings.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Two-Story Corner Restaurant Building
    Two-Story Corner Restaurant Building

    700 Pulaski Street, Lincoln, IL 62656

    $150,000
    7,522 sqft

    Two-story brick corner structure with intact main-floor bar area, flex space, multiple half baths, and an unfinished upper level.

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    Bar Property With Existing Equipment
    Bar Property With Existing Equipment

    700 Pulaski Street, Lincoln, IL 62656

    $175,000
    7,730 sqft

    Two-level commercial building with bar fixtures, storage, and unfinished upper-level space.

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    Turn-Key Bar in Lincoln, IL
    Turn-Key Bar in Lincoln, IL

    401 Limit Street, Lincoln, IL 62656

    Contact for pricing
    2,220 sqft

    Thriving bar with party room, outdoor area, and loyal customers.

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    Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 6 Active listings in Lincoln, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, plus 3 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Restaurant With Loft Residence
    Restaurant With Loft Residence

    100-102 Governor Oglesby Street, Elkhart, IL 62634

    $345,000
    6,200 sqft

    Two connected downtown buildings combine an operating restaurant, gift shop, and distinctive private living quarters.

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    Restaurant Building with Drive-Through Potential
    Restaurant Building with Drive-Through Potential

    994 Ann Rutledge Drive, Williamsville, IL 62693

    $850,000
    1.50 AC lot

    An existing kitchen and dining area serve a restaurant site oriented toward I-55 traffic.

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    Restaurant Building with Drive-Through Potential
    Restaurant Building with Drive-Through Potential

    994 Ann Rutledge Drive, Williamsville, IL 62693

    Contact for pricing
    2,134 sqft

    Restaurant building with drive-through, high traffic, and strong visibility.

    View details
    Historic Bank Building Cafe
    Historic Bank Building Cafe

    104 Governor Oglesby Street, Elkhart, IL 62634

    Contact for pricing

    Charming cafe and retail space in a historic bank building with direct access off Interstate 55.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Corner Development Site
    Commercial Corner Development Site

    700 W JEFFERSON Street, Springfield, IL 62702

    $175,000
    0.59 AC lot

    Corner lot on West Jefferson and Walnut Streets with utilities onsite and two access points.

    View details
    Prime Commercial Land Opportunity
    Prime Commercial Land Opportunity

    1038 Wylie Drive, Bloomington, IL 61705

    Contact for pricing
    2.31 AC lot

    2.31-acre commercial site in a high-growth Bloomington-Normal market.

    View details
    Restaurant with Bar, Lounge and Stage
    Restaurant with Bar, Lounge and Stage

    951 Durkin Drive, Springfield, IL 62704

    $425,000

    Restaurant property with formal dining, bar and lounge seating, a stage for live music, and central air under S2 zoning.

    View details

    Off-Market Properties in Lincoln, IL

    Consider similar Off-Market properties in Lincoln, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    109 Sangamon St
    Restaurants

    109 Sangamon St, Lincoln, IL 62656

    Value Estimation by Request
    View details
    121 Sangamon St
    Restaurants

    121 Sangamon St, Lincoln, IL 62656

    Value Estimation by Request
    View details

    Lincoln, IL Restaurants Market Trends and Statistics

    Explore 8 restaurants for sale in Lincoln, IL, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 25,039 square feet of properties for sale, with an estimated market value of $955,000.

    Sale prices for restaurant properties in Lincoln, IL start at $150,000, averaging $191,000, and reaching up to $250,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Bars & Pubs 7
    Commercial kitchens 2
    Conventional restaurants 2

    Demographics Overview

    Population 18K
    Population Growth (5Y) -6.0%
    Median Household Income $59,129
    College Educated 25.1%

    High-Yield Neighborhoods for Investment

    Identify Lincoln submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    62656 $212.5K

    Taxes & Financing

    Tax Rate (average for all types) 8.36%
    Property Tax per SF $6.81 per SF
    Tax Rate vs County Average 0.46 pp above county avg
    Average Loan-to-Value 65.0%

    Property Size Breakdown

    The majority of commercial real estate listings in Lincoln fall within the 10,000 to 25,000 square foot range.

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