NOT LISTED FOR SALE

231 S Sangamon St Lincoln, IL 62656

Estimated Value: $445,500

-- Bed
-- Bath
-- Sq Ft
0.5 Acres

Last Sold January 21, 2022

Last sale price $352,500

Est. 26% increase in value since last sale

Current estimated payment $2,688/month

947 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Central Elementary School Rated A-
  • 3-minute walk to Railsplitter State Park

About This Home

As of January 2022

Ideal investment property. Recently fully rented with two tenants. All the square feet you will need. Conveniently located at the North West corner of Clinton and Sangamon Street. This building has a combination of retail, office and warehouse space. The warehouse space is leased effective 8/15/20. The building has a new electric service, restrooms, and HVAC. Security cameras and fire monitoring system are included. Interior buildout include show room, office space dedicated restroom. All this is finished off with new exterior doors, windows, insulation, and LED lighting. The exterior remodel includes new overhead doors, partial metal siding, and facia. There is a small shop/garage also available which is +/-40 +/- 40 feet There are two overhead doors and no HVAC on the shop space. Total square footage doesn't include leased warehouse space.

Last Agent to Sell the Property

Eric Burwell

Eric E Burwell IL Licensed Bro License #471002360 Listed on: 05/14/2019

Last Buyer's Agent

Eric Burwell

Eric E Burwell IL Licensed Bro License #471002360 Listed on: 05/14/2019

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $3,562

Year Built

  • Built in 1955

Lot Details

  • 0.5

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Property Details

Property Type

Other

Est. Annual Taxes

$3,562

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Office, Retail
  • Lvt Date: 03/06/2021
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Total Building Sq Ft: 4400

Exterior Features

  • Exterior Finish: Steel
  • Frontage Access: City Street
  • Insulation: Roof, Side Walls
  • Roof Construction: Comp Shingle, Metal, Sloped
  • Wall Construction: Frame

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Gas

Lot Info

  • Estimated Number of Acres: 0.5
  • Zoning: Commercial
  • Estimated Land Size: 140x150
  • Geo Subdivision: IL

Rental Info

  • Lease Type: Net
  • Sale Lease Includes: Building
  • Terms Lease: 5 Years

Tax Info

  • Annual Taxes: 3561.5
  • Parcel Id Number Tax Id: 08-210-223-00
  • Tax Incentive: Enterprize Zone, TIF District
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2019
Closed on
Jan 21, 2022
Sold by
Integrity Holdings Llc
Bought by
Meadowbrook Holdings Llc
Seller's Agent
Eric Burwell
Eric E Burwell IL Licensed Bro
Buyer's Agent
Eric Burwell
Eric E Burwell IL Licensed Bro
List Price
$399,000
Sold Price
$352,500
Premium/Discount to List
-$46,500
-11.65%
Current Estimated Value
$445,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,000
Avg. Annual Appreciation
6.27%

Purchase Details

Closed on
Sep 28, 2017
Sold by
Mmil Properties
Bought by
Integrity Holding Llc

Purchase Details

Closed on
Sep 27, 2017
Sold by
Alexander Lumber Co
Bought by
Mmil Properties
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Meadowbrook Holdings Llc $352,500 None Available
Integrity Holding Llc $250,000 --
Mmil Properties $185,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/21/2022 01/21/22 Sold $352,500 -11.7% --
12/16/2021 12/16/21 Pending -- -- --
12/11/2021 12/11/21 For Sale $399,000 +13.2% --
11/14/2021 11/14/21 Off Market $352,500 -- --
09/30/2021 09/30/21 Price Changed $399,000 -6.1% --
05/14/2019 05/14/19 For Sale $425,000 -- --
Source: RMLS Alliance

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,021 $43,860 $24,940 $18,920
2023 $3,840 $40,610 $23,090 $17,520
2022 $3,745 $37,950 $21,580 $16,370
2021 $3,608 $36,440 $20,720 $15,720
2020 $3,562 $35,900 $20,410 $15,490
2019 $3,556 $35,900 $20,410 $15,490
2018 $3,529 $35,200 $20,010 $15,190
2017 $3,508 $35,200 $20,010 $15,190
2016 $5,661 $58,250 $19,990 $38,260
2015 $9,121 $56,300 $19,320 $36,980
2014 $9,121 $56,300 $19,320 $36,980
2013 $9,121 $53,440 $18,340 $35,100
2012 $9,121 $90,140 $18,670 $71,470
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2022

    Eric Burwell

    Eric E Burwell IL Licensed Bro

    (217) 735-4493

    9 in this area

    9 Total Sales

    Eric Burwell
    Section Image
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Map

Source: RMLS Alliance

MLS Number: RMACA1005430

RMLS Alliance

APN: 08-210-233-00

Illinois Logan County Lincoln 62656

231 S Sangamon St, Lincoln, IL

Not Listed for Sale

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