For Sale
$10,000

121 Sangamon St Lincoln, IL 62656

Historic Downtown Lincoln, IL - Redevelopment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional three-story brick building at 121 S Sangamon Street in Lincoln, Illinois, presents a unique redevelopment opportunity. Located in the heart of the historic downtown district, this property offers significant potential for a variety of commercial uses. Currently vacant, the building requires substantial renovation, but the rewards are substantial. The main floor boasts approximately 4,300+ square feet of commercial space, ideal for a restaurant or other retail establishment, given its prior use. The upper two floors contain multiple apartments, each offering the potential for restoration into attractive residential units. A full basement adds further versatility. The property is being sold "AS IS, WHERE IS," allowing for complete creative control over the renovation and future use. The building's prime location, combined with its substantial size and existing infrastructure, makes it an attractive investment for developers and entrepreneurs seeking a high-impact project in a vibrant Illinois community. The asking price is $10,000. The property is zoned for commercial and restaurant use, and sits on land in Logan County, Illinois, with a zip code of 62656. This is a rare chance to acquire a landmark building with immense potential in a thriving downtown area. The property's address is 121 S Sangamon Street, Lincoln, IL 62656.

Highlights

  • Three-story brick building at 121 S Sangamon Street, Lincoln, IL 62656.
  • 4,300+ square feet of main floor commercial space, previously used as retail.
  • Upper two floors contain multiple apartments requiring renovation.
  • Full basement.
  • AS IS, WHERE IS sale.
  • Zoned for commercial and restaurant use in Logan County, IL.

Property Details for 121 Sangamon St

Property type
Retail properties, Restaurants

Location Insight

City
Lincoln
County
Logan
State
Illinois
Latitude
40.1474784
Longitude
-89.3650173

FAQs

What type of property is this?
Retail property - Historic Downtown Lincoln, IL - Redevelopment Opportunity
Where is the retail property located?
The property is located at 121 Sangamon St Lincoln, IL.
What is the asking price?
The asking price for this property is $10,000.
What are key features of this property?
This property features: Three-story brick building at 121 S Sangamon Street, Lincoln, IL 62656.; 4,300+ square feet of main floor commercial space, previously used as retail.; Upper two floors contain multiple apartments requiring renovation.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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121 Sangamon St
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