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Listed by SethA Goodman • ME Realty
$230,000
Est. payment /mo
6,076 SqFt
New
200 S CHICAGO ST Lincoln, IL 62656
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Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 6,076 sqft
Price per Sqft $37
MLS Listing ID CA1038166
Annual Tax Amount $4,316
Tax Year 2024
Lot Dimensions 20X47, 60X47
Property Sub-Type Commercial
Source rmlsa
Property Description
Two commercial properties sold as a package just steps from downtown -- SO MUCH OPPORTUNITY! Main floor of corner lot structure (200 S. Chicago Street) offers high ceilings, exposed brick, and amazing natural light that shines through various beveled glass windows. Upper level has been virtually gutted but could be refinished in to a luxury efficiency apartment (one wall is open to neighboring structure and will need to be closed off). Property also features a large basement. 202, 204 & 206 S. Chicago Street offers two retail locations plus two potential rental locations. Main floor features two separate executive retail spaces -- both with separate exterior entry points. 202 is quaint and currently easily accommodates a retail business -- 206 is wildly open with abundant natural light and various adjacent nooks/storage/work spaces. The front facing exterior access point addressed 204 leads upstairs to two separate residential locations. To the left, you will find a virtually gutted area that is currently open to adjacent structure (wall will need to be closed off). Straight ahead you will enter in to a large apartment with a wide hallway, updated kitchen, living area, two possible bedroom areas, laundry room, and a full hall bath. Property also features a full basement. Retail spaces currently bring in $1700/month -- corner retail location and upper apartment could bring in an additional $1500+/month! Rare opportunity to own this historic commercially zoned property!
Location
State IL
County Logan
Area Lincoln
Zoning Commercial
Direction Properties are located at 200, 202, 204 & 206 S. Chicago Street, Lincoln.
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Carpet, Tile
Fireplace N
Exterior
View true
Roof Type Flat,Sloped
Garage 1
Building
Faces Properties are located at 200, 202, 204 & 206 S. Chicago Street, Lincoln.
Sewer Public Sewer
Water Municipal/City
Structure Type Brick,Wood Siding,Block
Others
Tax ID 08-210-209-00