1302 Woodlawn Rd
Lincoln, IL 62656
Woodlawn Plaza · Retail Property For Sale

Marcus & Millichap is pleased to offer for sale Woodlawn Plaza a 40,000 square foot shopping plaza occupied by Gordmans (formerly Goody’s) and Dollar Tree in Lincoln, IL near the major intersection of Business I-55 and Woodlawn Road, the primary commercial artery. The plaza was constructed in 1974 and renovated in 2005. The former Goody’s store was recently renovated to the new Gordmans concept. Woodlawn Road, the primary commercial artery, has a daily traffic volume of 11,100 cars per day and IL-55 highway has a volume of 27,100 of cars per day. Nearby retailers and restaurants include Walmart Supercenter, Big R farm store, AutoZone, Goodwill and Aldi. Logan County Fair Grounds and Abraham Lincoln Memorial Hospital are within one mile of the property. Woodlawn Plaza is located within a designated Qualified Opportunity Zone. Lincoln is centrally located in Illinois along the famed Route 66. Over one million people live within an hour's drive of Lincoln. Bloomington-Normal, Peoria, Springfield, Decatur, and Champaign-Urbana are within 60 miles, and is midway between Chicago and St. Louis. The subject property is part of a four shopping center portfolio located in Lincoln, IL totaling just over 200,000 square feet. The portfolio includes Lincoln Town Center, Heritage Plaza, Woodlawn Plaza and Childers Plaza. National tenants include: Dollar General, Goodwill, Shoe Sensation, Dollar Tree and Gordman’s. Total occupancy of the portfolio is 50%. Preferred consideration shall be given to portfolio offers, although properties are being offered individually. All four properties are located within a Qualified Opportunity Zone and Illinois Enterprise Zone Program. Lincoln is home to three colleges: Lincoln Christian University, Lincoln College, and Heartland Community College. Major employers include: Precision Products, Inc., Inland Tool Company, Garland Gehrke Trucking, Inc., Contractor’s Ready-Mix, Inc., and Heritage Packaging, LLC. Lincoln is the county seat of Logan County (pop. 30,000).