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    518 Vermont St Quincy, IL 62301

    Sponsored
    For Sale
    $305,000

    High-potential 2-story office building in Quincy, IL

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    340
    This exceptional commercial property located at 518 Vermont Street in Quincy, Illinois, presents a remarkable investment opportunity. Boasting a total of 3976 square feet across two floors, this building offers significant potential for a variety of uses. The main level encompasses 1988 square feet and features a well-designed layout including a welcoming waiting room, a dedicated reception area, four private offices perfect for individual work or team collaboration, a spacious conference room ideal for meetings and presentations, two convenient restrooms, a practical utility room, and a functional kitchen area. The second floor mirrors the first floor's layout, providing ample space for expansion or customization, though it requires updating. The property also includes a full basement offering valuable storage space. The building is equipped with two HVAC units and one hot water heater, ensuring comfortable climate control. Furthermore, the roof was recently replaced in 2020, providing peace of mind for years to come. High-speed internet access via fiber is available, catering to modern business needs. The property sits on a 0.04-acre lot, offering convenient access and visibility. This versatile building is ready for a discerning buyer to transform it into a thriving business hub. The building is zoned for general commercial use and could accommodate 11-25 workspaces. Don't miss this chance to own a piece of Quincy's commercial landscape.

    Property Features for 518 Vermont St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    1,742 SF

    Building Details

    Year Built
    1872
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Quincy
    County
    Adams
    State
    Illinois
    Longitude
    -91.40744
    Latitude
    39.93431

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    FAQs

    What type of property is this?
    Commercial real estate - High-potential 2-story office building in Quincy, IL
    Where is this commercial real estate located?
    The property is located at 518 Vermont St Quincy, IL.
    What is the asking price?
    The asking price for this property is $305,000.
    (217) 223-8851
    Request Owner's contact information
    518 Vermont St Quincy, IL 62301
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    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
    518 Vermont St Quincy, IL 62301
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