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Mixed Use Property 608 Broadway St 21,000 SF 69% Leased Retail Building Lincoln, IL 62656 $599,900 ($28.57/SF)
Executive Summary
Unique mixed-use investment opportunity in the heart of Lincoln, Illinois. This attractive all-brick building, dating back to the early 1900s, offers the historic character and charm that make downtown properties highly desirable.The property features two retail storefronts on the main level, including one occupied by The Copper Penny and one vacant space available for an owner-user or new tenant. The second floor consists of three fully leased residential apartments, with the potential to add a fourth unit. An additional storage space at the rear of the property provides further income potential.Located along historic Route 66, the property benefits from both local and visitor traffic. Zoned C-1, it supports a variety of uses, including retail, restaurant, office, salon, and residential. With a mix of existing income, value-add potential, and a prime downtown location, this property presents an excellent opportunity for investors and owner-occupants alike. Not all contents will be sold with the building.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
21,000 SF
Building Class
C
Year Built
1900
Price
$599,900
Price Per SF
$28.57
Percent Leased
69%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.30
Lot Size
0.21 AC
Zoning
C-1
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Merle Norman Cosmetics is a privately held cosmetics company founded in 1931 in Santa Monica, California by Merle Nethercutt Norman. The company began with three core products—Cleansing Cream, Miracol, and Powder Base Foundation—formulated in Norman’s kitchen. It quickly expanded into a franchise model, empowering women to own and operate studios across the U.S. and Canada. Today, Merle Norman develops, manufactures, and distributes its own line of skincare and color cosmetics from its headquarters in Los Angeles. The company operates independently owned studios and maintains a strong presence in North America and select international markets.
- That Place Inc
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - | ||
| That Place Inc | Retailer | - | - | - |
Moderately walkable
70/100
Moderately drivable
70/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 08-210-076-00 | Improvements Assessment | $45,110 |
| Land Assessment | $31,380 | Total Assessment | $76,490 |
Property Taxes
Parcel Number
08-210-076-00
Land Assessment
$31,380
Improvements Assessment
$45,110
Total Assessment
$76,490
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