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    600 YORK Street Quincy, IL 62301

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    Claim this Listing
    Pending
    $975,000

    COMMERCIAL - Quincy, IL

    Lot size:
    0.76 Acres
    Added:
    Oct 31, 2025
    Days on Market:
    183
    Last Refresh:
    May 1 at 9:06 am

    Property Features for 600 YORK Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    D5
    Standard status
    Pending
    APN
    23-1-0515-001-00
    Lot size
    0.76 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    Legal Description: LOT 10, 11, 12 BLK 62 BERNARD & HATTENS ADDN OF BLK 62 OF JOHN WOOD'S ADDITION AN
    Tax Annual Amount
    8720

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Radiant Ceiling, Ceiling, Radiant
    Cooling system
    Central Air

    Building Details

    Floors in Building
    2
    Flooring type
    Concrete
    Building materials
    Aluminum Siding, Block
    Roof type
    Metal

    We can help!

    Listing Contact
    Max Dancer
    Max Dancer

    Listing agent Max Dancer License #47519024

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

    Listing date Oct 31, 2025

    MLS# CA1040315

    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

    Industrial Warehouse with Office Space

    Located at 600 York Street in Quincy, Illinois, this two-story industrial warehouse offers approximately 38,220 square feet of space. The property includes 30,870 square feet of warehouse area with clearances ranging from 14 to 18 feet, and 7,350 square feet of office space, representing approximately 20% office build-out. Constructed with concrete block and metal panel, the building features a gable-style metal roof, insulated metal doors, and fixed windows. It includes one dock-high door and four grade-level doors, along with an internal 40-foot trench dock with leveler. The office areas are equipped with central HVAC, while the warehouse has radiant heat. Interior finishes consist of drywall and grid tile ceilings in the offices, exposed rafters in the warehouse, and fluorescent lighting throughout. The property site spans 33,001 square feet, resulting in a 0.86:1 land-to-building ratio and a 93.4% site coverage ratio. Situated on a near zero-lot-line site, the building has minimal site improvements and ample street parking. The property has D5 zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Similar Places Nearby

    • Storage 1 One — 631 Vermont St, Quincy, IL 62301

    Map

    City
    Quincy
    County
    Adams
    State
    Illinois
    Longitude
    -91.2953
    Latitude
    39.9317

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    FAQs

    What type of property is this?
    Warehouse - Two-story industrial warehouse with office space in Quincy, Illinois.
    Where is this warehouse located?
    The property is located at 600 YORK Street Quincy, IL.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: Large warehouse space: 30,870 sq ft with 14'-18' clearance.; Significant office space: 7,350 sq ft (~20% of total area) with central HVAC.; Multiple loading options: One dock‑high door and four grade‑level doors, plus internal 40' trench dock with leveler.
    (217) 440-3100
    We can help!
    Listing Contact
    Max Dancer
    Max Dancer
    Real Estate License ID: 47519024
    Learn More
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    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
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    600 YORK Street, Quincy, IL 62301

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