525 LINCOLN ST
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Location
525 LINCOLN ST
Mblu
39/ 030/ 00050/ /
Acct#
39-030-00050
Owner
AGREE LIMITED PARTNERSHIP
Total Market Value
$64,839,900
PID
55945
Building Count
1
Current Value
Assessment
Valuation YearImprovementsLandTotal
2026$42,174,900$22,665,000$64,839,900

Owner of Record
OwnerAGREE LIMITED PARTNERSHIP
Co-Owner
AddressC/O KITE REALTY GROUP
30 S MERIDIAN ST
INDIANAPOLIS, IN 46204
Sale Price$10,000,000
Certificate
Book & Page 18900/95100
Sale Date11/10/2022
Instrument1J

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
AGREE LIMITED PARTNERSHIP$10,000,000 18900/951001J11/10/2022
INLAND WESTERN WORCESTER LINCOLN PLAZA LLC$39,836,351 15368/80950009/09/2005
V3B SA LLC$100 15368/771681F12/31/2004

Building Information
Building 1 : Section 1
Year Built: 1971
Living Area: 75,632
Replacement Cost: $7,606,407
Building Percent Good: 87
Replacement Cost
Less Depreciation:
$6,617,600
Building Attributes
FieldDescription
Style:Athletic Club
ModelCommercial
GradeGOOD REIN CONC
Stories:1
Occupancy9.00
Exterior Wall 1Concrete Block
Exterior Wall 2Stucco
Roof StructureSteel Frm/Trus
Roof CoverRubber Roofing
Interior Wall 1Drywall/Shtrk
Interior Wall 2 
Interior Floor 1Ww/Carpet
Interior Floor 2Vinyl/Asphalt
Ext. Qual.GOOD
Int. Qual.GOOD
Bldg UseSHOPNGMALL MDL-94
Bath GradeAverage
Elevator0
Sprinkler100
1st Floor Use:3230
Heat/ACPackage Unit
Frame TypeMasonry
Baths/PlumbingAverage
Ceiling/WallCeil & Walls
Rooms/PrtnsAverage
Wall Height16.00
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
GLAGross Leasable Area 37,816 37,816
GLUGLA - Upper Story 37,816 37,816
CANCanopy 1,186 0
EPHEnclosed Porch 727 0
PTOPatio 392 0
   77,937 75,632

Extra Features
Extra Features

No Data for Extra Features


Land
Land Use
Use Code3230
DescriptionSHOPNGMALL MDL-94  
ZoneBL-1
Neighborhood2
Alt Land ApprNo
Category
Land Line Valuation
Size (Sqr Feet)1967169
Depth
Total Market Land$22,665,000

Outbuildings
Outbuildings
CodeDescriptionSizeValueBldg #
SGB1BILLBOARD MONO2.00 UNITS$528,0001
SGN2DOUBLE SIDED356.00 S.F.$18,2001
LT1LIGHTS-IN W/PL31.00 UNITS$12,8001
LT2W/DOUBLE LIGHT51.00 UNITS$33,7001
PAV1PAVING-ASPHALT1431800.00 S.F.$2,835,0001
Valuation History
Assessment
Valuation YearImprovementsLandTotal
2025$45,437,600$22,519,200$67,956,800
2024$44,683,200$22,519,200$67,202,400
2023$42,283,000$19,583,700$61,866,700

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