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    Lincoln, IL
    Shopping Center

    Lincoln, IL Shopping Centers for Sale

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    Heritage Plaza Shopping Center
    Updated: Apr 10
    Heritage Plaza Shopping Center

    1200 Woodlawn Rd, Lincoln, IL 62656

    Contact for pricing
    101,000 sqft
    101,000‑square‑foot shopping center built in 1974 and renovated in 2005
    Current occupancy of 42%
    Occupants include Dollar General, Goodwill, Shoe Sensation, and Lincoln Memorial Hospital
    Intersection location at US 66, Bus. I‑55, and SR 121 in Lincoln, IL
    McDonald’s and Bonanza are located on separately owned out lots
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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 5 Potential Opportunities for your consideration. Besides 1 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.

    Retail Shopping Plaza with 28 Suites
    Retail Shopping Plaza with 28 Suites

    2910-2996 Court Street, Pekin, IL 61554

    Contact for pricing
    59,982 sqft 5.45 AC lot

    Fee-simple shopping plaza with 28 retail suites on two buildings and strong commuter-corridor frontage.

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    Multi-Tenant Strip Mall
    Multi-Tenant Strip Mall

    121 E N Grand Avenue, Springfield, IL 62702

    $899,000

    S-2-zoned retail property near Lincoln’s Tomb and downtown Springfield.

    View details
    Leased Retail Outparcel
    Leased Retail Outparcel

    3578 Court Street, Pekin, IL 61554

    Contact for pricing
    5,400 sqft

    Retail property occupied by Verizon and OneMain Financial with recently extended leases.

    View details
    Grocery-Anchored Shopping Center
    Grocery-Anchored Shopping Center

    1861-1927 E Sangamon Ave, Springfield, IL 62707

    $17,385,000

    Fully leased retail center with established national and regional tenants and completed roof, parking lot, and facade improvements.

    View details

    Lincoln, IL Shopping Centers Market Trends and Statistics

    Explore 1 shopping centers for sale in Lincoln, IL on our real estate platform. These investment opportunities span a total of 101,000 square feet of properties for sale.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Storefront properties 8
    Auto shops 2
    Automotive properties 2
    Shopping centers 1

    Demographics Overview

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

    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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