602 WOODLAWN RD, LINCOLN, IL 62656

Midtowne Plaza at 602 Woodlawn Rd, Lincoln, IL 62656 offers investors a compelling opportunity to acquire a newly built, 100% occupied medical retail asset with stable in-place income and minimal landlord responsibility. Completed in 2024, this 5,800-square-foot, two-tenant property is fully leased to Central Illinois Urgent Care and OSF HealthCare, providing strong healthcare tenancy in a highly visible location. Priced at $1,380,000 with a 7.75% cap rate, the asset generates $107,000 in NOI and benefits from a triple-net lease structure designed to deliver a predictable, passive income stream. The property features zero lease rollover until 2029, with 65% of the GLA leased through 2033, plus attractive annual rent increases built into renewal options for both tenants. Positioned along Woodlawn Road with approximately 11,500 vehicles per day, the property sits directly across from Lincoln Memorial Hospital and near major national retailers and traffic drivers including Walmart Supercenter, Walgreens, CVS, McDonald’s, Aldi, and Culver’s. Centrally located between Bloomington, Springfield, Decatur, and Champaign, this offering combines durable medical tenancy, strong real estate fundamentals, and long-term upside in a strategic Illinois corridor.