For Sale
$250,000

124 Chicago St Lincoln, IL 62656

Historic Downtown Lincoln, IL Commercial Property

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a 5,600 square foot, two-story brick commercial building located in historic downtown Lincoln, Illinois. The main floor houses a thriving restaurant, featuring a recently renovated open dining area with high tin ceilings, a large upgraded kitchen, two bathrooms, a bar area, and a reception area. Upstairs, a fully functional three-bedroom apartment boasts ample natural light and spacious rooms, including a large open living/dining area, kitchen, three bedrooms, a full bath, and laundry facilities. A full basement and an attached rear storage area (no interior access) provide additional space. The asking price is for the structure only; however, the sellers are open to discussions regarding the sale of appliances and equipment. The current restaurant owners are also open to a leaseback arrangement. This property offers significant potential for a variety of uses and income streams. The property is located at 124 S CHICAGO Street, Lincoln, IL 62656.

Highlights

  • $250,000 asking price for a 5,600 sq ft, two-story brick commercial building.
  • Located in historic downtown Lincoln, IL at 124 S Chicago Street.
  • Currently houses a restaurant on the main floor and a three-bedroom apartment upstairs.
  • Main floor recently renovated with large dining area, kitchen, bar, and bathrooms.
  • Upper level apartment features an open living area, kitchen, three bedrooms, and a full bath.
  • Includes a full basement and attached rear storage area.

Property Details for 124 Chicago St

Property type
Retail properties, Restaurants

Location Insight

City
Lincoln
County
Logan
State
Illinois
Latitude
40.1467525
Longitude
-89.3639811

FAQs

What type of property is this?
Retail property - Historic Downtown Lincoln, IL Commercial Property
Where is the retail property located?
The property is located at 124 Chicago St Lincoln, IL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: $250,000 asking price for a 5,600 sq ft, two-story brick commercial building.; Located in historic downtown Lincoln, IL at 124 S Chicago Street.; Currently houses a restaurant on the main floor and a three-bedroom apartment upstairs.
How can I contact the broker?
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124 Chicago St
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