206 Mclean StLincoln, IL 62656

Property Details for 206 Mclean St

Property size (Sq ft)

4,120 SF

Property type

Office properties

Property subtype

Medical offices

Description

This exceptional Class A medical office condominium, located at 206 S McLean St in Lincoln, IL, presents a compelling investment opportunity. The 4,120 square foot space is situated on the third floor, offering abundant natural light and stunning views of the Logan County Courthouse. Currently 100% occupied by a single tenant under a net lease expiring June 2027, with a three-year renewal option, this property boasts a strong 9% cap rate and a Net Operating Income (NOI) of $31,100. The building is strategically positioned in the vibrant downtown Lincoln square, at the southwest corner of Pulaski Street and South McLean Street, providing excellent walkability to various restaurants and retail establishments. The property is zoned C-1, making it ideal for continued medical office use. This turnkey investment offers a secure, high-yield return with a long-term lease in place, making it an attractive option for discerning investors seeking a stable and profitable addition to their portfolio. The asking price is $345,500.

Location Insight

City

Lincoln

County

Logan

State

Illinois

Latitude

40.1454

Longitude

-89.3625

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].