Listed by Todd P Smith Real Estate Inc
$345,500
207 S. Mclean St.
Details
Property Type Office
Sub Type Medical Office
Square Footage 4,120
Net Rentable (SqFt) 4,120
Cap Rate 9.00%
NOI $31,100
Occupancy 100%
Tenancy Single
Lease Type Net
Class A
Zoning C-1
Top floor of this beautiful condominium for sale!
Marketing description
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 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
Listing Contacts
Listed by Todd P Smith Real Estate Inc
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$31,100.00
$2,591.67/mo
Valuation Metrics
0
DSCR
9%
Cap Rate
9%
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
