500 8TH Street Quincy, IL 62301

500 8TH Street  Quincy IL 62301
For Sale
500 8TH Street
Quincy, IL 62301
Price: $495,000
Type: Commercial Sale Commercial
Lot Size (Acres): 0.37
Agent: Melissa Sullivan
Agent Phone: 217-242-3371
Agent Email: melissa.sullivanrebroker@gmail.com
Broker: Happel, Inc., REALTORS
Broker Phone: 217-224-8383
Broker Email: mzhappelrealtors@yahoo.com

A 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 currently a unit gutted to the studs that would allow 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! Inspections welcome but selling “as is”.