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207 S Mclean Street , #3

Lincoln, IL 62656
  • $345,500
  • STATUS: Active
  • ON SITE: 521 Days
  • ID#: CA1019684
UPDATED: 192 min ago
$345,500
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:
Area:

School Ratings & Info

Description

Great investment property for sale in Lincoln, IL. This third-floor business condominium is located on the south side of the vibrant downtown Lincoln square, at the SW corner of Pulaski St. and South McLean St. The floor is leased to, and fully occupied by a single tenant. The current lease runs through June 23, 2027, with a 3-year renewal option. Lots of natural light throughout the space with beautiful windows throughout and overlooking the Logan County Courthouse. This property offers great walkability to nearby restaurants and retail stores. The building is currently fully occupied with professional offices. Offered at a 9% cap rate - this property is priced to sell! Call Todd Smith 217-441-8000

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© 2024 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Kathy Garst Sales Team | The Real Estate Group. Data last updated: 2024-05-23T23:45:03.483.
www.kathygarst.com/homes/135495094
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207 S Mclean Street , #3 Lincoln, IL 62656

  • Price: $345,500
  • Status: Active
  • On Site: 521 Days
  • Updated: 192 min ago
  • ID#: CA1019684
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Lincoln
County:
Logan
Area:
Lincoln
Property Description
Great investment property for sale in Lincoln, IL. This third-floor business condominium is located on the south side of the vibrant downtown Lincoln square, at the SW corner of Pulaski St. and South McLean St. The floor is leased to, and fully occupied by a single tenant. The current lease runs through June 23, 2027, with a 3-year renewal option. Lots of natural light throughout the space with beautiful windows throughout and overlooking the Logan County Courthouse. This property offers great walkability to nearby restaurants and retail stores. The building is currently fully occupied with professional offices. Offered at a 9% cap rate - this property is priced to sell! Call Todd Smith 217-441-8000
Interior Features

Building Area Total 4120

Property Features

Agent Owned No Possible Use InvestmentOffice Tax Annual Amount 22555.4 Type Commercial Zoning C-1

Listing provided courtesy of Todd Smith of Todd P Smith Real Estate: Office: 217-441-8000.
© 2024 RMLS Alliance, LLC. All Rights Reserved.


© 2024 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Kathy Garst Sales Team | The Real Estate Group. Data last updated: 2024-05-23T23:45:03.483.
 
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Kathy Garst Sales Team | The Real Estate Group
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