About This Home
This 0-bedroom, 0-bathroom commercial at 500 S 8TH Street in Quincy, IL is listed for $475,000. Built in 1900, on a 0.37 acres lot.
Key Features
- Built in 1900
- 0.37 acre lot
- 3 stories
- 21 parking spaces
Property Details
Amenities
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 10 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.
Monthly Cost Estimate
$2,540/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
500 S 8TH Street
Quincy, IL 62301
Property Details
Flooring
Construction
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 500 S 8TH Street is listed at $475,000. The estimated monthly payment is $2,541 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1900, 0.37 acre lot, 3 stories, 21 parking spaces.
This property is listed by Melissa Sullivan and can be reached at 2172423371.
