207 S McLean St - Office FOR SALE


Lincoln, IL 62656
$345,500 USD
217-441-8000
207 S McLean St, Lincoln, IL for Sale
$345,500 USD
Office - FOR SALE
1/6
null | 9% Cap Rate

207 S McLean St
Lincoln, IL 62656


OVERVIEW

Great investment property for sale in Lincoln, IL. This third-floor business condominium is located on the south side of the vibrant downtown Lincoln square, at the SW corner of Pulaski St. and South McLean St. The floor is leased to, and fully occupied by a single tenant. The current lease runs through June 23, 2027, with a 3 year renewal option. Lots of natural light throughout the space with beautiful windows overlooking the Logan County Courthouse. This property offers great walkability to nearby restaurants and retail stores. The building is currently fully occupied with professional offices. Offered at a 9% cap rate - this property is priced to sell!

FOR SALE DETAILS

PRICE

$345,500 USD

PRICE/SF

$84 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Century building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,846 SF

ZONING

Commercial

APN/PARCEL ID

08-210-199-00

ASK ABOUT THIS PROPERTY

Todd SmithTodd P Smith Commercial Real EstateMore Info
217-441-8000

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Todd SmithTodd P Smith Commercial Real EstateMore Info
217-441-8000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.