For Sale
$95,000

514 Pekin St Lincoln, IL 62656

Historic Downtown Lincoln Commercial Building - $95,000

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional commercial property, located at 514 Pekin Street in Lincoln, Illinois, presents a unique investment opportunity. Priced at $95,000, this all-brick structure boasts a prime location just steps from the Amtrak station and the historic downtown square. Currently occupied by a men's clothing store, the building's R-2 zoning allows for a wide range of small professional businesses. Alternatively, its adaptable layout offers potential for conversion into a charming single-family residence. The property features a partial basement, providing additional storage space. Convenient parking is available both on the street and in a rear off-street lot, enhancing accessibility for both customers and residents. The building has undergone significant updates, including vinyl replacement windows, updated flooring, fixtures, and plumbing. A new furnace and central air conditioning unit ensure year-round comfort. Fresh paint throughout contributes to a clean and inviting atmosphere. This well-maintained property offers a blend of historical charm and modern conveniences, making it an attractive option for a variety of uses. Its strategic location in the heart of Lincoln, Illinois, ensures high visibility and accessibility, making it an ideal investment for both business owners and residential buyers. The property's versatility and desirable location make it a truly exceptional opportunity.

Highlights

  • $95,000 asking price.
  • Commercial land, office, and retail property located at 514 Pekin Street, Lincoln, IL 62656.
  • Currently houses a retail store, suitable for various small businesses or conversion to a single-family residence (R-2 zoning).
  • Features include a partial basement, rear ramp, front and rear parking, vinyl replacement windows, updated flooring, fixtures, plumbing, furnace, and central air conditioning.

Property Details for 514 Pekin St

Property type
Retail properties, Office properties

Location Insight

City
Lincoln
County
Logan
State
Illinois
Latitude
40.1492705
Longitude
-89.3636474

FAQs

What type of property is this?
Retail property - Historic Downtown Lincoln Commercial Building - $95,000
Where is the retail property located?
The property is located at 514 Pekin St Lincoln, IL.
What is the asking price?
The asking price for this property is $95,000.
What are key features of this property?
This property features: $95,000 asking price.; Commercial land, office, and retail property located at 514 Pekin Street, Lincoln, IL 62656.; Currently houses a retail store, suitable for various small businesses or conversion to a single-family residence (R-2 zoning).
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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514 Pekin St
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