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Midtowne Plaza 602 Woodlawn Rd 5,800 SF 100% Leased Retail Building Lincoln, IL 62656 $1,380,000 ($237.93/SF) 7.75% Cap Rate
Investment Highlights
- 5,800 Square Foot Two-Tenant Retail Strip
- Zero Lease Rollover until 2029
- All NNN Leases
- 100% Occupied | Anchored by Central Illinois Urgent Care & OSF Healthcare
- Rare 3% Annual Rent Increases in Renewal Options for both Tenants
- Adjacent to both CVS and Walgreens
Executive Summary
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Central Illinois Urgent Care began as a walk-in medical practice created to serve Central Illinois and surrounding communities with timely, cost-effective care. The company provides urgent treatment for non-life-threatening illnesses and injuries, with services that include on-site laboratory testing, digital X-ray imaging, common prescription medications, sports and school physicals, immunizations, occupational medicine, and DOT physicals. Central Illinois Urgent Care also treats adults and children over three months of age and offers care without appointments, supporting patients who need a convenient alternative to primary care or emergency room visits. The company has built a regional presence through multiple urgent care locations and emphasizes same-day access, extended hours, and walk-in service.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 12-480-024-75 | Total Assessment | $296,520 (2025) |
| Land Assessment | $28,600 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $267,920 (2025) | Tax Year | 2024 |
Property Taxes
Presented by
Midtowne Plaza | 602 Woodlawn Rd
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