Prime Downtown Redevelopment Opportunity! Unlock the potential of this nearly 20,000 sq. ft. property, ideally located in the heart of the thriving downtown district and just steps from restaurants, shopping, nightlife, and entertainment. Priced significantly below a recent appraisal, this property offers an exceptional opportunity for an investor, developer, or entrepreneur ready to bring a vision to life. The main floor features an established commercial/event space that provides an excellent foundation for continued use or future redevelopment. One apartment has been completely renovated and is ready to go, while the remainder of the residential space has been gutted and is ready to be refinished and reimagined into another 11 units. With substantial space, a prime location, and endless possibilities for residential, commercial, or mixed-use development, this property offers the opportunity to create something truly special in the heart of downtown. Whether you’re looking to build a unique rental portfolio, create additional residential units, expand commercial space, or develop a one of a kind mixed use destination, 500 S. 8th Street is a blank canvas with incredible potential.
© Copyright 2026 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 Friday, November 6th, 2026.
Listed by: Happel, Inc., REALTORS 217-242-3371
Data services provided by IDX Broker
View full listing details | Price: | 475,000 |
| Address: | 500 S 8th Street |
| City: | Quincy |
| County: | Adams |
| State: | Illinois |
| Zip Code: | 62301 |
| Subdivision: | None |
| MLS: | CA1047253 |
| Year Built: | 1900 |
| Square Feet: | 19,498 |
| Acres: | 0.37 |
| Lot Square Feet: | 0.37 acres |
| roof: | Composition |
| cooling: | Central Air |
| heating: | Electric, Forced Air, Gas |
| taxYear: | 2025 |
| basement: | Full, Unfinished |
| mlsStatus: | Active |
| agentOwned: | no |
| directions: | SW Corner of 8th and State St. |
| highSchool: | Quincy School District #172 |
| lvtDateMLS: | 2026-10-20 |
| lotFeatures: | Level |
| repossessed: | no |
| saleRentMLS: | For Sale |
| waterSource: | Public Sewer, Public |
| 100YearPlain: | No |
| mlsAreaMinor: | Quincy |
| parcelNumber: | 23-2-0293-000-00 |
| parkingTotal: | 21 |
| pricePerSqFt: | 24.36 |
| trashExpense: | 45 |
| structureType: | Two or More Story |
| developmentName: | Calftown Corners |
| managerOnSiteYN: | no |
| parkingFeatures: | On Street, Other |
| taxAnnualAmount: | 6340 |
| yearBuiltSource: | Public Records |
| insuranceExpense: | 6389 |
| listingAgreement: | Exclusive Right To Sell |
| operatingExpense: | 6434 |
| taxExemptionsMLS: | None |
| firstPhotoAddDate: | 2026-10-20T16:12:45.7 |
| lotSizeDimensions: | 159x101 |
| newConstructionYN: | no |
| numberOfGasMeters: | 12 |
| seniorCommunityYN: | no |
| attributionContact: | Office: 217-224-8383 |
| disclosedShortSale: | N |
| netOperatingIncome: | -12774 |
| numberOfUnitsTotal: | 12 |
| agentRelatedToOwner: | no |
| listingContractDate: | 2026-08-11T00:00:00+00:00 |
| numberofWaterMeters: | 1 |
| taxLegalDescription: | LOT 3 BLK 59 WOODS SURVEYLOTS 1 & 2 & E 21.5FT LOT 3 |
| middleOrJuniorSchool: | Quincy JR High |
| numberOfHeatingUnits: | 2 |
| numberOfWaterHeaters: | 2 |
| constructionMaterials: | Brick |
| statusChangeTimestamp: | 2026-10-20T00:00:00+00:00 |
| addressSearchNumberMLS: | 500 |
| numberOfElectricMeters: | 12 |
| numberOfCentralAirUnits: | 2 |
| listingVisibilityTypeMLS: | MLS Listing |
| operatingRecordingDevice: | Video |
| agentIsDesignatedManagingBroker: | no |
