Lincoln, IL Retail Properties & Spaces for Sale

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Updated: Oct 14, 2025

Updated Mixed-Use Property with Apartment

113 N Kickapoo Street, Lincoln, IL 62656

$585,900

0.17 AC lot

Three‑bedroom upstairs apartment with flex room, full kitchen, oversized living room, and private garage parking
Primary storefront includes tall tin ceilings and multiple storefront windows
Attached retail area provides a separate commercial setting from the main space
Updates since 2016 include windows, flooring, roofing, LED lighting, and reverse osmosis water system
Fully paid‑off owned solar panels convey with the property

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Updated: Feb 11

Storefront Building with Office Space

616 BROADWAY Street, Lincoln, IL 62656

$99,900

0.14 AC lot

More than 9,000 square feet of total building area
Approximately 5,900 square feet on the main floor
More than 3,000 square feet of upper‑level space
Two half bathrooms plus built‑in nooks and multiple storage areas
Recent electrical, fire alarm, ceiling tile, lighting, and flooring updates

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Updated Mixed-Use Downtown Building

113 N Kickapoo St, Lincoln, IL 62656

$585,900

12,000 sqft

Retail space, upstairs apartment, attached storefront, basement, and solar panels create a flexible commercial configuration.

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Mixed-Use Commercial Building

915 5TH Street, Lincoln, IL 62656

Contact for pricing

9,600 sqft

Two-level commercial layout includes kitchens, offices, restrooms, ramps, and flexible open areas.

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Multi-Tenant Shopping Center

3091-3097 Woodlawn Rd., Lincoln, IL 62656

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5,350 sqft

Retail plaza occupied by a restaurant, sandwich shop, and financial-services business.

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Retail Corner Lot with Drive-Thru

2775 Woodlawn Rd., Lincoln, IL 62656

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3,200 sqft 1.63 AC lot

3,200 SF retail site on a 1.63-acre corner lot with ample parking and a wraparound drive-thru.

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Downtown Retail/Office Space For Sale

616 Broadway St, Lincoln, IL 62656

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9,351 sqft

9,000+ sq ft retail/office space in prime downtown location.

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Multi-Building Auto Shop Facility

923 N Kickapoo St, Lincoln, IL 62656

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14,988 sqft 1.33 AC lot

I-2-zoned property with offices, heated work areas, overhead doors, and a downdraft paint booth.

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Mixed-Use Retail and Apartments

608-612 Broadway St, Lincoln, IL 62656

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21,000 sqft

For sale mixed-use property generating rental income from apartments and another commercial tenant along a downtown corridor.

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High-Visibility Mixed-Use Retail Property

600 Broadway St, Lincoln, IL 62656

$199,900

Downtown Lincoln mixed-use building with established tenants and potential for additional income.

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Heritage Plaza Shopping Center

1200 Woodlawn Rd, Lincoln, IL 62656

Contact for pricing

101,000 sqft

Multi-tenant retail center with Dollar General, Goodwill, and Shoe Sensation.

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Brick Mixed-Use Building

608-612 Broadway Street, Lincoln, IL 62656

$585,000

All-brick building with two retail storefronts on the main level and three fully leased apartments above.

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Single-Tenant Auto Service Building

103 S Logan St, Lincoln, IL 62656

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Newly refreshed auto service building painted inside and out, with canopies and islands removed for a clean presentation.

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Automatic-Bay Car Wash

624 Woodlawn Rd, Lincoln, IL 62656

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Includes hand-wash bays, automatic bays, vacuums, and street-side identification signage.

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Two-Story Downtown Storefront

117 N KICKAPOO Street, Lincoln, IL 62656

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Renovated retail space with office, kitchen, storage, freight elevator, and alley-access garage area.

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Based on your search, we've compiled 27 Potential Opportunities for your consideration. Besides 15 Active listings in Lincoln, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 4 Off-Market properties to explore as potential leads, plus 4 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.

NNN Ground Lease Retail Property

614 W Van Buren St, Clinton, IL 61727

Contact for pricing

684 sqft

Absolute NNN ground lease with 13.5 years remaining and 2% annual rental increases, built in 2022.

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Two-Story Live-Work Building

600 W Side Square, Clinton, IL 61727

$99,900

Brick commercial property with business-ready ground floor, upper-level storage, and full basement.

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Two-Building Cafe and Retail

100-102 Governor Oglesby Street, Elkhart, IL 62634

Contact for pricing

Two connected buildings include a 68-seat cafe, retail space, and a walk-up loft apartment.

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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.

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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.

B-1 Commercial Land

2601 Memphis Drive, Springfield, IL 62702

$75,000

1.74 AC lot

Two commercial lots with B-1 zoning near Walmart and Dirksen Parkway.

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Masonry Flex Space with Storage Bays

2505 E COOK Street, Springfield, IL 62703

$175,000

1.33 AC lot

The property combines masonry construction with fenced outdoor space and a second building containing several bays.

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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.

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B-2 Commercial Land

1614 W JEFFERSON Street, Springfield, IL 62702

$39,900

B-2-zoned commercial land with access from West Jefferson Street.

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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.

Government properties

500-508 Broadway St, Lincoln, IL 62656

Value Estimation by Request

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Restaurants

109 Sangamon St, Lincoln, IL 62656

Value Estimation by Request

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Restaurants

121 Sangamon St, Lincoln, IL 62656

Value Estimation by Request

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Individual retail properties

602 Woodlawn Rd, Lincoln, IL 62656

Value Estimation by Request

5,800 sqft 0.92 AC lot

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Lincoln, IL Retail Properties & Spaces Market Trends and Statistics

Explore 19 retail properties & spaces for sale in Lincoln, IL, showcased through 15 active listings on our real estate platform. These investment opportunities span a total of 176,489 square feet of properties for sale, with an estimated market value of $2,056,600.

Sale prices for stores in Lincoln, IL start at $99,900, averaging $411,320, and reaching up to $585,900 — 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

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	$411.3K

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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Lincoln, IL Retail Properties & Spaces for Sale

113 N Kickapoo Street, Lincoln, IL 62656

616 BROADWAY Street, Lincoln, IL 62656

113 N Kickapoo St, Lincoln, IL 62656

915 5TH Street, Lincoln, IL 62656

3091-3097 Woodlawn Rd., Lincoln, IL 62656

2775 Woodlawn Rd., Lincoln, IL 62656

616 Broadway St, Lincoln, IL 62656

923 N Kickapoo St, Lincoln, IL 62656

608-612 Broadway St, Lincoln, IL 62656

600 Broadway St, Lincoln, IL 62656

1200 Woodlawn Rd, Lincoln, IL 62656

608-612 Broadway Street, Lincoln, IL 62656

103 S Logan St, Lincoln, IL 62656

624 Woodlawn Rd, Lincoln, IL 62656

117 N KICKAPOO Street, Lincoln, IL 62656

Opportunities in Nearby Cities

614 W Van Buren St, Clinton, IL 61727

600 W Side Square, Clinton, IL 61727

100-102 Governor Oglesby Street, Elkhart, IL 62634

104 Governor Oglesby Street, Elkhart, IL 62634

Potential Development Sites for Consideration

2601 Memphis Drive, Springfield, IL 62702

2505 E COOK Street, Springfield, IL 62703

700 W JEFFERSON Street, Springfield, IL 62702

1614 W JEFFERSON Street, Springfield, IL 62702

Off-Market Properties in Lincoln, IL

500-508 Broadway St, Lincoln, IL 62656

109 Sangamon St, Lincoln, IL 62656

121 Sangamon St, Lincoln, IL 62656

602 Woodlawn Rd, Lincoln, IL 62656

Lincoln, IL Retail Properties & Spaces Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Property Size Breakdown

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