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Listed by Jacquelyn Weisenburger of Happel, Inc., REALTORS
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Listed by SethA Goodman • ME Realty
$850,000
Est. payment /mo
14,884 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 14,884 sqft
Price per Sqft $57
MLS Listing ID CA1039265
Annual Tax Amount $5,803
Tax Year 2025
Lot Dimensions 8.36 acres
Property Sub-Type Commercial
Source rmlsa
Property Description
Welcome to The Dugan Center -- an expansive multi-tenant nearly 15,000 square foot brick and stone commercially zoned structure situated on 8.36 acres with so much room for additional expansion if needed/desired! Building is currently set up with a large open 3,500 square foot central event space (currently rents out for special occasions, etc.), commercial kitchen (also available for lease), and various separated suites with bathrooms (eight suites total with roughly 800 square feet each -- seven suites are currently rented). Current monthly rental income is $6300.00 but is oftentimes more with income from central space and kitchen (average additional monthly event income is $613.75). Ample off-street parking as well (parking area has been expanded by current owners). Updates in the last six years include roof and soffit repair, flooring in various areas, efficient interior light panels, HVAC in suites 5, 6, 7 & 8, kitchenette with custom backsplash in suites 7 & 8, addition of security alarm systems as well as security cameras, networking throughout, external glass entry doors for each suite, and fire suppression system with welded seam hood in full commercial kitchen. Truly a turnkey commercially zoned structure with amazing interior space -- plus over 8 acres outside to expand, build additional structures, add additional parking -- the choice is yours! Once in a lifetime opportunity!
Location
State IL
County Logan
Area Lincoln
Zoning Commercial
Direction Property is located at 1500 N. McLean Street, Lincoln.
Interior
Heating Forced Air, Heat Pump, Hot Water
Cooling Central Air, Wall/Window Unit(s)
Flooring Carpet, Concrete, Tile
Fireplace N
Exterior
View true
Roof Type Other
Garage 1
Building
Faces Property is located at 1500 N. McLean Street, Lincoln.
Sewer Public Sewer
Structure Type Brick,Stone,Block
Others
Tax ID 08-029-032-00
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