200 S CHICAGO ST #202 Active

Lincoln,IL 62656

$ 210000

- Bed

- Bath

6076 SqFt


Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 6,076 sqft

Price per Sqft $34

MLS Listing ID CA1038166

Annual Tax Amount $4,316

Tax Year 2024

Property Sub-Type Commercial

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 $2350/month -- upper apartment could bring in an additional $800+/month! Rare opportunity to own this historic commercially zoned property!

Location

State IL

County Logan

Area Lincoln

Zoning Commercial

Interior

Heating Forced Air,Natural Gas

Cooling Central Air

Flooring Carpet,Tile

Exterior

View true

Roof Type Flat,Sloped

Building

Sewer Public Sewer

Water Municipal/City

Structure Type Brick,Wood Siding,Block

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