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    831 Broadway St Quincy, IL 62301

    Sponsored
    For Sale
    $94,999

    Four-unit building, high traffic area, income potential.

    Property size:
    3,108 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    340
    This stunning historic building at 831 Broadway Street in Quincy, Illinois presents a unique investment opportunity. Boasting 3,108 square feet, this property is ideally situated on a 0-acre lot in a high-traffic area with over 17,000 vehicles passing daily. Currently zoned D2, it offers flexibility for mixed-use development, combining commercial space with residential rental income. The building comprises four units: three one-bedroom apartments (Units A, B, and D) and one spacious two-bedroom apartment (Unit C). Each unit features high ceilings, large windows providing ample natural light, beautiful hardwood floors, and original unpainted trim, preserving the building's timeless charm. While currently unused, original fireplaces add a touch of elegance to each living space. The property's potential is significant, whether you envision restoring it as a purely residential investment property or creating a vibrant mixed-use space. The building's character and location make it an exceptional opportunity for a discerning investor seeking a project with substantial return potential. Don't miss the chance to acquire this diamond in the rough and unlock its full potential. Note that the dollhouse view images are AI-generated and illustrate the property's potential.

    Property Features for 831 Broadway St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,108 SF

    Building Details

    Year Built
    1880
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Quincy
    County
    Adams
    State
    Illinois
    Longitude
    -91.40186
    Latitude
    39.93599

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    FAQs

    What type of property is this?
    Commercial real estate - Four-unit building, high traffic area, income potential.
    Where is this commercial real estate located?
    The property is located at 831 Broadway St Quincy, IL.
    What is the asking price?
    The asking price for this property is $94,999.
    Request Owner's contact information
    831 Broadway 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
    831 Broadway St Quincy, IL 62301
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