Eco Friendly - Seller Financing
Address
119 S Sangamon Street Lincoln, IL
Price
$ 19,900
Property Attributes
  • MLS#11280882
  • TypeContingent
  • CountyLOGAN
  • CityLincoln
  • AreaLincoln
  • Zip62656
  • StyleCommercial
  • Year Built1860
  • Taxes$ 1207
  • Price$ 19,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage11400
  • Lot Size6,000 SqFt
Listing Provided Courtesy Of:
Baird & Warner
Data Source:
Midwest Real Estate Data (MRED)
Property Description

The former home of the historic Western Hotel and Tavern. This 11,000 square foot property has a lot of potential for whatever dreams you might have. Most recently, the first floor housed a bar and an office. The second and third floors were hotel rooms and, after extensive renovations, would make for a great AirBnB or hotel again or possibly apartments or condos. Location-wise, you're near all the commercial activity of bustling Lincoln, only a block and a half from the train station that goes to Chicago, St. Louis, Bloomington, and Springfield. There is ample unmetered street parking immediately out front, additional street parking across the street next to the railroad, a few parking spots possible in the back, and a good amount of foot traffic. This is a great investment opportunity with the possibility of having the office and bar area ready to rent or use quickly and then fixing up the upstairs spaces as time and money allow. This building has been condemned, with the biggest problem being the large hole in the brickwork on the back of the building that is currently closed up with Tyvek on a wood frame. However, there are significant grants available from the City of Lincoln, including a $7,500 grant for structural work, which would include that hole, and a matching grant for facade work up to $10,000 (the City putting in $10,000 to match the new owner's funds). The building is being sold as is. Owner financing is available. Broker owned.

Price History
12/3/2021 Listed $19,900

General Features

Additional Parcels Y/N No
City Lincoln
Construction Materials Brick, Steel Siding
Contingency Attorney/Inspection
Cooling None
County Logan
Current Use Commercial, Other
Days on Market 33
Directions From the Logan County Courthouse, proceed northwest on Pulaski Street past Chicago Street and turn right at Sangamon Street. It is the fourth building on your left.
Electric Other
Flooring Carpet, Varies, Wood
Lot Size Square Feet 6000
MLS Area Lincoln
Operatingexpense 1208
Possession Closing
Possible Use Commercial, Conditional Use, Condominium, Office and Research, Multi-Family, Single Family, Retail, Special Use, Other
Property Type Commercial Sale
Property Type Mixed Use
Roof Membrane
Standard Status Active Under Contract
Status Contingent
Stories 3
Street Name Sangamon
Tax Annual Amount 1207.53
Tax Year 2020
Tenant Pays Other, Varies by Tenant
Total Units 4
Township East Lincoln
Utilities Electric to Site, Gas to Site, Sanitary Sewer, Water-Municipal, Water to Site
Year Built 1860
Zoning COMMR

Interior Features

Street Suffix Street

Exterior Features

Building Area Total 11400
Buyerofficefax (312) 640-7030
Exterior Brick
Foundation Details Block, Brick/Mortar, Concrete Perimeter
Frontage Type City Street
Lot Dimensions 150 X 40
Total Parking 2

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 62656

Price
AVG $20K
$20K
Taxes
AVG $1,207
$1,207
Visits
AVG 7
6
Year Built
AVG 1860
1860
Walkscore
AVG 76
76
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Areas We Cover