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Listed by Nate Arnold • ME Realty
$ 310,000
Est. payment | /mo
15,624 SqFt
$ 310,000
Est. payment | /mo
15,624 SqFt
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 15,624 sqft
Price per Sqft $19
MLS Listing ID CA1040715
Annual Tax Amount $12,537
Property Sub-Type Commercial
Source rmlsa
Property Description
Situated on one of Lincoln's busiest roads, 525 Woodlawn offers a total of 14 different units and endless possibilities. The main building (masonry construction) houses 12 individual units totaling 13,544 square feet and is bookended by two standalone pole construction buildings: 501 Woodlawn Rd. (800 square feet) and 533 Woodlawn Rd. (1200 square feet built 2017). Current tenants include a boutique jewelry store, a bakery, a barber, a gaming store and more. There are currently 9 units being rented generating roughly $4200 per month in revenue. Whether you're a seasoned commercial investor, a local business owner looking to occupy and offset costs with rental income, or simply aspiring to own a prime piece of commercial real estate, with over 15,500 square feet of space, 525 Woodlawn Rd. checks every box! This property has been owned by the same family for decades, and properties like this don't become available for sale very often. Don't let this one one pass you by! Contact the agent of your choice to schedule a showing today.
Location
State IL
County Logan
Area Lincoln
Zoning Commercial
Direction Property is located at 525 Woodlawn Road, Lincoln
Interior
Heating Forced Air, Natural Gas
Cooling Central Air, Multi Units, Wall/Window Unit(s)
Flooring Tile
Fireplace N
Exterior
View true
Roof Type Composition
Garage 1
Building
Faces Property is located at 525 Woodlawn Road, Lincoln
Sewer Public Sewer
Water Municipal/City
Structure Type Block,Brick,Frame
Others
Tax ID 12-025-031-00