516 Maine Street, Quincy, IL 62301, is a versatile commercial property located in Quincy’s Downtown Business District (D1 Zoning) and within a TIF District. The two-story building contains approximately 3,894 square feet and features a well-maintained, full-service commercial kitchen complete with a hood and exhaust system, along with a grease trap located in the basement. The first floor offers a functional layout with a centrally positioned bar and seating area accommodating approximately 19 patrons, while the front banquet/event space provides seating for up to 128 guests. With a narrow footprint of approximately 22 feet in width, the property is well suited for restaurant, banquet, retail, office, or mixed-use redevelopment. The second floor is currently vacant and closed off, presenting future expansion opportunities. The basement is partially improved with concrete flooring, while the remaining area consists of a dirt floor, and both the first floor and basement benefit from rear access. Additional improvements include a membrane roof installed in 2013. This property presents an excellent opportunity for an owner-user or investor seeking a downtown location with existing infrastructure and redevelopment potential.
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The RMLS data on this page was last updated on Friday, July 31st, 2026.
Listed by: Happel, Inc., REALTORS 217-440-3100
Data services provided by IDX Broker
View full listing details | Price: | 332,500 |
| Address: | 516 Maine Street |
| City: | Quincy |
| County: | Adams |
| State: | Illinois |
| MLS: | CA1044258 |
| Square Feet: | 3,894 |
| forSale: | Yes |
| taxYear: | 2025 |
| forLease: | No |
| inputType: | CIE |
| agentOwned: | no |
| directions: | East on Maine St, building in located on the South side of street between 5th and 6th St. |
| gasCompany: | Ameren |
| lvtDateMLS: | 2026-06-05 |
| possibleUse: | Bar/Tavern, Office, Retail |
| parcelNumber: | 23-1-0330-000-00 |
| taxIncentive: | Yes |
| waterCompany: | City of Quincy |
| availableSqFt: | 3894 |
| loadingDockYN: | no |
| irregularLotYN: | no |
| electricCompany: | Ameren |
| taxAnnualAmount: | 203.4 |
| handicapModified: | Yes |
| listingAgreement: | Exclusive Right To Sell |
| securitySystemYN: | yes |
| 100YearFloodPlain: | Unknown |
| firstPhotoAddDate: | 2026-06-05T17:35:27.2 |
| lotSizeDimensions: | 25x190 |
| numberOfBuildings: | 1 |
| attributionContact: | Office: 217-224-8383 |
| agentRelatedToOwner: | no |
| taxLegalDescription: | LOT 2 BLK 20 QUINCY SURVEY E 24FT OF W 29FT LOT 2 |
| addressSearchNumberMLS: | 516 |
| listingVisibilityTypeMLS: | MLS Listing |
| undergroundStorageTankYN: | no |
| agentIsDesignatedManagingBroker: | no |
