This great Downtown property will increase your portfolio and offer an opportunity to take advantage of new TIF District funding! With nearly 20,000 sq ft and annual gross rents of nearly $90,000, this opportunity is a no brainer! The first floor of the building is occupied by a newly renovated event space and the second floor is comprised of 11 apartments; 10 – 1 bedroom/1 bath apartments and one – 2 bed/1 bath apartment along with 21 downtown parking spaces. There is an additional office building located on the south end of the property which allows space to add several more dwelling units. This commercial property has steady occupancy with low vacancy rates. Owner pays trash and water and electric for two of the apartments. Other roofing is rolled roofing. This goldmine of an opportunity is just waiting for the right person to take advantage of it!
© Copyright 2024 RMLS Alliance. All rights reserved. This information is provided for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties in which they may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of RMLS Alliance. Real estate listings held by brokerage firms other than Happel Inc., Realtors are marked with the RMLS logo and detailed information about them includes the name of the listing brokers.The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals. The offer is made only to Participants of the MLS where the listing is filed.
The RMLS data on this page was last updated on Wednesday, September 25th, 2024.
Listed by: Happel, Inc., REALTORS Office: 217-224-8383
Data services provided by IDX Broker
View full listing details | Price: | $450,000 |
| Address: | 500 S 8TH Street |
| City: | Quincy |
| County: | Adams |
| State: | Illinois |
| Zip Code: | 62301 |
| MLS: | CA1029896 |
| Year Built: | 1900 |
| Square Feet: | 19,929 |
| Acres: | 0.37 |
| Lot Square Feet: | 0.37 acres |
| roof: | Rolled/Hot Mop |
| sewer: | Public Sewer |
| levels: | Three |
| cooling: | Central Air, Individual Units, Wall/Window Unit(s) |
| heating: | Electric, Forced Air, Gas |
| taxYear: | 2023 |
| flooring: | Carpet, Tile/Vinyl |
| garagesYN: | no |
| inputType: | Commercial |
| mlsStatus: | Active |
| agentOwned: | no |
| directions: | SW corner of 8th and State |
| lvtDateMLS: | 2024-06-19 |
| locationMLS: | Downtown |
| possibleUse: | Multi-Family, Other |
| frontageType: | City Street, Corner Lot |
| mlsAreaMinor: | Quincy |
| parcelNumber: | 23-2-0293-000-00 |
| parkingTotal: | 21 |
| taxIncentive: | TIF District |
| availableSqFt: | 19929 |
| insulationMLS: | Unknown |
| ndaRequiredYN: | no |
| lotSizeRemarks: | Current lot to be split. Dimensions are TBD and lot size is estimate. |
| searchPriceMLS: | 450000 |
| commonLaundryYN: | no |
| taxAnnualAmount: | 7680 |
| currentFinancing: | Cash Only, Conventional |
| listingAgreement: | Exclusive Right To Sell |
| offMarketDateMls: | 2024-07-25T00:00:00+00:00 |
| 100YearFloodPlain: | No |
| firstPhotoAddDate: | 2024-06-19T13:49:05.2 |
| lotSizeSquareFeet: | 16100 |
| numberOfBuildings: | 1 |
| numberOfUnitsTotal: | 11 |
| agentRelatedToOwner: | no |
| confidentialListing: | MLS Listing |
| individualLaundryYN: | yes |
| listingContractDate: | 2024-06-18T00:00:00+00:00 |
| taxLegalDescription: | LOT 3 BLK 59 WOODS SURVEY LOTS 1 & 2 & E 21.5FT LOT 3 |
| allowedUseCaseGroups: | IDX |
| saleLeaseIncludesMLS: | Building |
| constructionMaterials: | Brick, Frame |
| statusChangeTimestamp: | 2024-07-25T00:00:00+00:00 |
| addressSearchNumberMLS: | 500 |
| listingVisibilityTypeMLS: | MLS Listing |
| internetConsumerCommentYN: | yes |
| agentIsDesignatedManagingBroker: | no |
| internetAutomatedValuationDisplayYN: | yes |
