915 5Th StLincoln, IL 62656

  • Commercial real estate
For Sale
$280,000 View listing

Property Details for 915 5Th St

Property type
Commercial real estate
APN
12-508-005-10
APU
1250800510

Description

This exceptional 9,600 square foot commercial property at 915 5th Street in Lincoln, IL, presents a remarkable investment opportunity. The building, constructed of durable block and stone, boasts a main floor featuring a large, open gathering area with hardwood floors and convenient side access via a ramp. A sizable kitchen/prep area, two bathrooms, and additional flexible space complete the main level. The lower level offers even more versatility, including a second kitchen/prep area equipped with a new vent hood, multiple office spaces, two more bathrooms, and a spacious open area previously used as a bar. A walk-in cooler and separate rear exterior access with a side ramp enhance functionality. The property benefits from an architectural roof, two HVAC units, a newer on-demand water heater, and vinyl windows. Ample parking is provided. This well-located building enjoys high visibility and consistent traffic flow, making it ideal for a variety of commercial uses. Note that scheduled events will continue on-site until closing. The solid construction and expansive layout offer endless possibilities for a creative and ambitious entrepreneur.

Location Insight

City
Lincoln
County
Logan
State
Illinois
Latitude
40.1466
Longitude
-89.3803
CBSA code
30660
CBSA name
LINCOLN, IL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$547
$2,950
$6,740
$9,690
-
$8,850
$20,220
$29,070

FAQs

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