Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2527 CEDAR Street Quincy, IL 62301

    View on Map
    Claim this Listing
    Picture of Land at 2527 CEDAR Street, Quincy, IL
    For Sale
    Contact for pricing

    LAND - Quincy, IL

    Lot size:
    0.17 Acres
    Added:
    Aug 21, 2025
    Days on Market:
    244
    Last Refresh:
    Apr 21 at 11:06 am

    Property Features for 2527 CEDAR Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    LOT 11 BLK 2 WALTON HEIGHTS
    Tax Annual Amount
    1528

    We can help!

    Listing Contact
    Jacquelyn Weisenburger

    Listing agent Jacquelyn Weisenburger License #475141177

    Listing office Happel, Inc., REALTORS 4439 Broadway, Quincy, IL

    Listing date Aug 21, 2025

    MLS# CA1038702 Listing URL

    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.

    Overview

    Residential Lot in Quincy, IL

    This residential lot in Quincy, Illinois, presents an opportunity for new construction. The lot, approximately 40 feet by 185 feet, provides space and includes alley access, suitable for adding a garage or workshop. The terrain is flat, facilitating construction. The property is located close to shopping, dining, and everyday amenities. The lot is being split from 2523 Cedar Street; the new address and parcel number are to be determined. The lot size is approximately 0.17 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Quincy
    County
    Adams
    State
    Illinois
    Longitude
    -91.3750762
    Latitude
    39.9455596

    Nearby Similar for Sale

    • $952,875

      Prime Commercial Land Opportunity

      3.5 acres of land ideal for commercial development.
      225 S 48TH Street, Quincy, IL 62305
      View Details
    • $975,000

      Industrial Warehouse with Office Space

      Two-story industrial warehouse with office space in Quincy, Illinois.
      600 YORK Street, Quincy, IL 62301
      View Details
    • $249,000

      Quincy Commercial Building For Sale

      1,788 SF commercial building in Quincy, Illinois.
      5200 COLUMBUS Road, Quincy, IL 62305
      View Details
    • $881,408

      Prime Commercial Land Opportunity

      Commercial land for development near medical facilities and shopping.
      5000 Maine Street, Quincy, IL 62305
      View Details
    • $300,000

      Industrial Land in Quincy, IL

      4.8+ acre industrial land with M1 zoning in Quincy.
      1915 Hollister Whitney Parkway, Quincy, IL 62305
      View Details
    • $1,399,999

      Versatile Mixed-Use Commercial Property

      Multi-use property with warehouse, office, retail, and apartments.
      301 S 7TH Street, Quincy, IL 62301
      View Details
    • $22,500

      Quincy Duplex Investment Opportunity

      Up/down duplex with renovation potential for rental income.
      720 N 5TH Street, Quincy, IL 62301
      View Details
    • $110,000

      Residential Land in Established Neighborhood

      Residential land for sale in an established Quincy neighborhood.
      3330 Greenspointe Pkwy, Quincy, IL 62301
      View Details
    • $549,000
      21,267 SF

      Prime Redevelopment Opportunity in Quincy

      20,000 sq ft commercial property in a growing district.
      223 Hampshire, Quincy, IL 62301
      View Details
    • $950,000

      Prime Bluff Property in Quincy

      Approximately 30 acres of residential land near Spring Lake Country Club.
      400 LONG Drive, Quincy, IL 62305
      View Details
    • $110,000

      Residential Land in Established Neighborhood

      1.53 acre building site with mature trees near golf course.
      3331 Greenspointe Pkwy, Quincy, IL 62301
      View Details
    • $125,000

      Quincy Triplex: Income Property

      Three-unit property generating $1,700 monthly income in Quincy, Illinois.
      1023-1025 OHIO Street, Quincy, IL 62301
      View Details

    FAQs

    What type of property is this?
    Land - City lot ready for new construction with alley access.
    Where is this land located?
    The property is located at 2527 CEDAR Street Quincy, IL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: City lot ready for new construction.; Large lot size: approx. 40' x 185'.; Alley access for garage or workshop.
    (217) 430-9353
    We can help!
    Listing Contact
    Jacquelyn Weisenburger
    Real Estate License ID: 475141177
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!