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Investment Highlights

  • Fully remodeled in 2022 with modernized infrastructure.
  • Features include vent hood, commercial kitchen, and walk-in cooler.
  • Located on Lincoln city square near civic and commercial destinations.
  • Occupied by current tenant La Villa through 5/31/27, delivering immediate income.
  • Updated interiors while maintaining the building’s original charm.
  • Additional adjoining properties available for sale.

Executive Summary

This 4,230 SF commercial property at 111 W Bean Street offers a unique blend of historic exterior character and modern interior upgrades. Recently remodeled in 2022, the building features redesigned interiors and enhanced infrastructure, providing long-lasting functionality without the typical concerns associated with older properties. Presently occupied by an established Mexican restaurant, La Villa, this investment comes with built-in income potential and term security through the current lease running to May 31, 2027.
Located in Lincoln’s city square, the property is surrounded by civic and retail amenities, including Lincoln City Hall and the public library, along with nearby banking services and schools, creating a strong local foot traffic base. Updates include a new HVAC system, vent hood, and walk-in cooler, tailored for food-service operations.
For investors seeking an income-producing retail asset with updated systems and enduring local demand, this property represents a compelling opportunity. Additional parcels at 113 & 117-119 W Bean St are also available for purchase, providing potential for portfolio expansion in this growing community.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Building Size
4,230 SF
Building Class
B
Year Built/Renovated
1930/2022
Price
$856,506 CAD
Price Per SF
$202.48 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.56
Lot Size
0.17 AC
Zoning
B-1

Amenities

  • Air Conditioning
Fairly walkable
50/100
Very drivable
80/100
Somewhat bikeable
20/100

Nearby Major Retailers

Simmons Bank
Harps Food

Property Taxes

Property Taxes

Parcel Number
790-18229-000
Land Assessment
$4,111 CAD
Improvements Assessment
$65,862 CAD
Total Assessment
$69,973 CAD
  • Listing ID: 40194924

  • Date on Market: 2026-04-17

  • Last Updated:

  • Address: 111 W Bean St, Lincoln, AR 72744

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