Retail

Lincoln, IL Retail Space for Sale

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Updated Mixed-Use Property with Apartment
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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Storefront Building with Office Space
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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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Lincoln, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

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

Corner Storefront Building
Corner Storefront Building

718 S Illinois Ave, Carbondale, IL 62901

$275,000
7,849 sqft

Flexible two-level layout with display windows, upper-level natural light, and access from both inside and outside.

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NNN Retail Property with Frontage
NNN Retail Property with Frontage

1085 S Route 51, Forsyth, IL 62535

Contact for pricing
15,586 sqft 1.65 AC lot

Retail outparcel occupied by a long-standing tenant near Hickory Point Mall and major commercial retailers.

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Absolute NNN Retail Property
Absolute NNN Retail Property

1146 Hickory Point Mall, Forsyth, IL 62535

Contact for pricing
90,500 sqft

Kohl’s has operated at this location since 1982 under an absolute NNN ground lease.

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Corner Storefront With Display Windows
Corner Storefront With Display Windows

718 S ILLINOIS Avenue, Carbondale, IL 62901

$275,000
0.21 AC lot

Two-level building offers flexible commercial space with separate access to the upper floor.

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Lincoln, IL Retail Space Market Trends and Statistics

Explore 2 retail space for sale in Lincoln, IL on our real estate platform.

Sale prices for retail space in Lincoln, IL start at $99,900, averaging $342,900, 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

Storefront properties 7

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 $342.9K

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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