Exceptional Investment Opportunity: This prime real estate includes 58 rental pads, presenting a significant value-add potential. Spanning over 18.32 acres, the main property also comes with an additional 20 acres rich in timber. Ideally situated just outside the Quincy, IL city limits, the property benefits from RU1 zoning. There are several value add opportunities that can be addressed quickly to raise income. Competitively priced at $925,000, the owner is highly motivated and open to negotiations for a prompt sale.
© Copyright 2025 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, January 1st, 2025.
Listed by: Happel, Inc., REALTORS Office: 217-224-8383
Data services provided by IDX Broker
View full listing details | Price: | $925,000 |
| Address: | 7200 STATE Street |
| City: | Quincy |
| County: | Adams |
| State: | Illinois |
| MLS: | CA1030411 |
| Acres: | 38.32 |
| Lot Square Feet: | 38.32 acres |
| forSale: | Yes |
| parcel2: | 20-0-0075-000-00 |
| taxYear: | 2022 |
| forLease: | No |
| apptPhone: | (217) 440-3100 |
| inputType: | CIE |
| agentOwned: | no |
| directions: | East on State Street, North on Timber Ridge Ln and before Lucinda Ln. |
| lvtDateMLS: | 2024-07-12 |
| locationMLS: | Rural |
| possibleUse: | Investment, Land & Farm, Other |
| frontageType: | City Street |
| parcelNumber: | 20-0-0134-000-00 |
| waterCompany: | District / Lagoon |
| searchPriceMLS: | 925000 |
| electricCompany: | Ameren |
| listOfficePhone: | 217-224-8383 |
| taxAnnualAmount: | 9610.92 |
| currentFinancing: | Cash Only, Conventional |
| listingAgreement: | Exclusive Right To Sell |
| 100YearFloodPlain: | No |
| firstPhotoAddDate: | 2024-07-12T20:21:50.3 |
| documentsAvailable: | Aerial Photos, Appraisal, Demographics, Leases, Legal Description, Other, Traffic Counts |
| agentRelatedToOwner: | no |
| confidentialListing: | MLS Listing |
| allowedUseCaseGroups: | IDX |
| addressSearchNumberMLS: | 7200 |
| actualNetOperatingIncome: | 68957 |
| listingVisibilityTypeMLS: | MLS Listing |
| internetConsumerCommentYN: | yes |
| agentIsDesignatedManagingBroker: | no |
| internetAutomatedValuationDisplayYN: | yes |
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