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    510 Jersey St Quincy, IL 62301

    Sponsored
    For Sale
    $275,000

    Thriving Nightclub, Turnkey Operation

    Property size:
    6,144 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    345
    This exceptional 6,144 square foot commercial property located at 510 Jersey Street in Quincy, Illinois presents a unique investment opportunity. Currently operating as a highly successful and well-established nightclub, this turnkey business requires no additional setup. The main level boasts approximately 3,000 square feet of space, currently one of Quincy's most popular nightlife destinations. The clean and recently remodeled establishment features a stunning 20-foot granite countertop bar, a walk-in cooler, and ten large-screen TVs. A newly added, heated 16x32 foot smoking room with a fireplace provides additional space for patrons. Recent upgrades include a new roof, most windows, tuckpointing, two new HVAC systems, and updated wiring, all completed within the last two years. A newly installed DJ booth and all associated sound equipment are included in the sale. The second floor offers significant potential for conversion into two or three separate apartments or additional commercial space. A freight elevator conveniently connects the basement to the third floor, enhancing operational efficiency. Adding to the property's financial appeal is the supplemental income generated from gaming machines. This property offers a rare blend of established success and significant upside potential, making it an ideal investment for discerning buyers. The sale includes all existing equipment and fixtures.

    Property Features for 510 Jersey St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    6,144 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Gym & Fitness Clothing Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Quincy
    County
    Adams
    State
    Illinois
    Longitude
    -91.40802
    Latitude
    39.93039

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    FAQs

    What type of property is this?
    Commercial real estate - Thriving Nightclub, Turnkey Operation
    Where is this commercial real estate located?
    The property is located at 510 Jersey St Quincy, IL.
    What is the asking price?
    The asking price for this property is $275,000.
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    510 Jersey St Quincy, IL 62301
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    Realmo Value Estimation

    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.

    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.

    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
    510 Jersey St Quincy, IL 62301
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