Former Lincoln Grand 8 Movie Theatre Property For Sale
Subject Property is the former Lincoln Grand 8 Movie Theatre in Downtown Lincoln, IL. It consists of 42,420 SF across 3 buildings – an 11,200 SF, multi-story movie theatre originally constructed in 1922 with minimal renovation in 2014, a 28,720 SF, 2-story movie theatre addition completed in 2016, and a 2,500 SF commercial building originally constructed in 1920 and most recently demoed in 2016. The old theatre features 4 movie screens and a basement for storage. There is some noticeable deferred maintenance in the old theatre. The new theatre addition features 6 movie screens, a concession stand, mezzanine space, and a basement for storage. The commercial space is currently in raw condition, and has the potential to be used as an outdoor patio. There is also potential for a rooftop deck above the commercial space. The offering includes both the real estate and furniture, fixtures, and equipment contained within the real estate.
Subject Property is located minutes away from Interstate 55 in Lincoln. This location caters to the community and is surrounded by many other commercial uses and households.