1224 BROADWAY Street Quincy, IL 62301
COMMERCIAL - Quincy, IL
- Added:
- Jun 30, 2026
- Days on Market:
- 13
- Last Refresh:
- Jul 12 at 5:06 am
Property Features for 1224 BROADWAY Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Standard status
- Active
- APN
- 23-1-1217-000-00
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5316
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
Building Details
- Floors in Building
- 2
- Flooring type
- Tile
- Building materials
- Brick, Frame
- Roof type
- Asphalt
Listing agent Bryan Johnson (614) 288-3239
Listing office eXp Realty 10 N. Martingale Road Suite 400, Schaumburg, IL (888) 574-9405
Listing date Jun 30, 2026
Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Two fully renovated one-bedroom, one-bath apartments occupy the second floor, completed in 2024 with new appliances, plumbing, electrical, and new finishes throughout. The apartments share a laundry space, along with a new deck and staircase. The property sits on two parcels, providing off-street parking for tenants and customers.
Mechanical updates are extensive, including three newer gas furnaces, three newer water heaters, one newer central AC unit for the ground floor, and two new central AC units for the apartments. A new asphalt shingle roof was installed in 2025, along with gutters and soffits. Total square footage is 2,400, with 1,200 on each floor. Long-term tenants are in place in all three spaces, and income/expense data is available for qualified buyers.
Key Highlights
- Mixed‑use brick building with 2,400 total SF (1,200 per floor) on two parcels along a Quincy corridor with traffic counts above 20,000 vehicles/day
- Ground floor includes reception area, bathroom, and seven private rooms for spa/tanning; two separate entrances with partition walls for flexible conversion
- Second floor has two renovated 1‑bedroom, 1‑bath apartments completed in 2024 with new appliances, plumbing, electrical, and finishes
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.2k | $12.60 |
| − Vacancy | −$4.8k | −$2.02 |
| EGI | $25.4k | $10.58 |
| − OpEx | −$6.4k | −$2.65 |
| NOI | $19.1k | $7.94 |
