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Century building 207 S McLean St

4,120 SF 100% Leased Office Building Lincoln, IL 62656 $491,819 CAD ($119 CAD/SF) 9% Cap Rate

Office Space Illinois Lincoln 207 S McLean St, Lincoln, IL 62656

Executive Summary

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!

Attachments

207 S McLean Brochure 11.6.23

Financial Summary (Actual - 2023) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Net Operating Income - -

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual -
Annual Per SF -

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
4,120 SF
Building Class
C
Year Built
1970
Price
$491,819 CAD
Price Per SF
$119 CAD
Cap Rate
9%
NOI
$44,264 CAD
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
4,120 SF
Building FAR
0.38
Lot Size
0.25 AC
Zoning
Commercial
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Walk Score ®
Very Walkable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores
(217) 441-8000

Contact

  • Listing ID: 27340488

  • Date on Market: 2022-12-19

  • Last Updated:

  • Address: 207 S McLean St, Lincoln, IL 62656

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Century building | 207 S McLean St
(217) 441-8000 x

Century building | 207 S McLean St

Todd Smith

(217) 441-8000

(217) 441-8000

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