For Auction

±246K SF Prime Industrial Investment Opportunity

1119 North Kickapoo Street,
Lincoln, IL 62656Represented by
Friedman Real Estate

Asset Snapshot

Real Estate
Asset Type
Industrial
Property Type
Warehouse
Industrial Subtype
1974
Year Built
12.75 Acres
Land Area
246,369 SF
Property Size

Offering Summary

Investment Highlights

  • Large, Well-Maintained Facility: The property spans 246,369 SF and has been consistently maintained with no deferred maintenance. It includes modern upgrades such as new LED lighting and heaters throughout, along with a fully operational sprinkler system.
  • Value-Add Opportunity: Lucrative opportunity to add value through leasing out remaining spaces with no deferred capital expenditures.
  • Flexible Occupancy with Leaseback Option: Currently occupied by one active tenant, with the seller offering a one-year leaseback for 20,000 SF at a gross rate of $3.40/SF annually, providing immediate income potential.
  • Robust Infrastructure: The building features heavy power capacity with 6,000 Amps, wide column spacing (50’ x 50’), ceiling heights ranging from 16 to 24 feet, and a rail spur connection at the rear.
  • Functional Loading Capabilities: Equipped with 8 docks and 3 drive-in doors, the facility supports efficient freight handling and distribution.
  • Strategic Location with Low Operating Costs: Situated just 3 miles from the I-55 interchange in Lincoln, IL, the property benefits from excellent regional access and extremely low property taxes of $27,350 per year. Notably, it has not been actively marketed for lease in over 15 years.
  • Extensive Parking: Includes 2 large yards with capacity for over 60 truck & trailer parking spaces.



The Offering

Friedman Real Estate, in conjunction with RI Marketplace, is pleased to present the exclusive marketing and sale of 1119 North Kickapoo Street. This 246,369 square foot industrial property in Lincoln, IL offers a functional layout with 8 loading docks and 3 drive-in doors. Located on the east side of town, it provides convenient access to I-55 just two miles away, placing it midway between St. Louis and Chicago. Its location also offers proximity to several regional markets, including Peoria, Springfield, Decatur, and Bloomington, making it a practical option for logistics or distribution operations. The building has been consistently maintained and remains fully operational.



Property Tours

Property tours are available by appointment only. Please reach out to Kellen Duggan, kellen.duggan@freg.com | 847.682.5024, to schedule. 

Due Diligence

Transaction Managers

Abigail Tsay
Marketplace
(800) 915-7015atsay@realinsight.com
Luke Pieroni
Marketplace
(800) 915-7015lpieroni@realinsight.com

Platform Fee

Buyer pays a minimum platform fee of 5% or $25,000 at closing.

How it Works

Learn about bidding, reserve prices, and closing.

Read the auction guide

Auctioneer

Scott Bowers
c/o Fisher Auction Company Inc.
License: 040000273

Need Help?

Your transaction managers are your first point of contact for any auction or process questions. For additional support:

info@rimarketplace.com800-915-7015

Call For More Information

This auction has ended. Interested in additional investment opportunities?

Investment Sales Broker

Kellen Duggan
Friedman Real Estate
IL License: 471020070
(847) 682-5024kellen.duggan@freg.com

Disclaimers

The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.