IL > Lincoln
Lincoln, IL 62656,1500 N MCLEAN ST
Lincoln, IL 62656,1500 N MCLEAN ST
Lincoln, IL 62656,1500 N MCLEAN ST
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Shelley Berendt

Shelley Berendt

+1(217) 741-7227
Listed by SethA Goodman • ME Realty
$850,000
Est. payment /mo
14,884 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 14,884 sqft

Price per Sqft $57

MLS Listing ID CA1039265

Annual Tax Amount $5,559

Tax Year 2024

Lot Dimensions 8.36 acres

Property Sub-Type Commercial

Source rmlsa

Property Description

Welcome to The Dugan Center -- an expansive multi-tenant nearly 15,000 square foot brick and stone commercially zoned structure situated on 8.36 acres with so much room for additional expansion if needed/desired! Building is currently set up with a large open 3,500 square foot central event space (currently rents out for special occasions, etc.), commercial kitchen (also available for lease), and various separated suites with bathrooms (eight suites total with roughly 800 square feet each -- seven suites are currently rented). Current monthly rental income is $6300.00 but is oftentimes more with income from central space and kitchen (average additional monthly event income is $613.75). Ample off-street parking as well (parking area has been expanded by current owners). Updates in the last six years include roof and soffit repair, flooring in various areas, efficient interior light panels, HVAC in suites 5, 6, 7 & 8, kitchenette with custom backsplash in suites 7 & 8, addition of security alarm systems as well as security cameras, networking throughout, external glass entry doors for each suite, and fire suppression system with welded seam hood in full commercial kitchen. Truly a turnkey commercially zoned structure with amazing interior space -- plus over 8 acres outside to expand, build additional structures, add additional parking -- the choice is yours! Once in a lifetime opportunity!

Location

State IL

County Logan

Area Lincoln

Zoning Commercial

Direction Property is located at 1500 N. McLean Street, Lincoln.

Interior

Heating Forced Air, Heat Pump, Hot Water

Cooling Central Air, Wall/Window Unit(s)

Flooring Carpet, Concrete, Tile

Fireplace N

Exterior

View true

Roof Type Other

Garage 1

Building

Faces Property is located at 1500 N. McLean Street, Lincoln.

Sewer Public Sewer

Structure Type Brick,Stone,Block

Others

Tax ID 08-029-032-00

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Shelley Berendt

Shelley Berendt

Broker | License ID: 475.127277

+1(217) 741-7227

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1500 N MCLEAN ST

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