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    5201-5203 Broadway St Quincy, IL 62305

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    For Sale
    $2,880,000

    Two-tenant retail property near Wal-Mart with long-term tenants.

    Property size:
    6,720 SF
    Lot size:
    0.70 Acres

    Property Features for 5201-5203 Broadway St

    General Information

    Size
    6,720 SF
    Lot size
    0.70 Acres

    Source: LOCATION. Commercial Real Estate Agent Ben Weis

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Outparcel Near Wal-Mart

    This retail property is an outparcel to a Wal-Mart Super Center. It is a 100% occupied, two-tenant building with corporate guarantees from both tenants. All tenants operate under NNN leases. The property features built-in rent bumps during the initial term and options. National and regional tenants occupy the space, with a tenure of over 13 years. The property is situated in a main retail corridor, surrounded by national retailers including Wal-Mart, Home Depot, Sam’s Club, Lowes, Kohls, and Dick’s Sporting Goods. The location benefits from high traffic, with over 18,300 vehicles per day on Broadway. The property contains 6,720 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Quincy
    County
    Adams
    State
    Illinois
    Longitude
    -91.3336953
    Latitude
    39.9358964

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    FAQs

    What type of property is this?
    Strip mall - Two-tenant retail property near Wal-Mart with long-term tenants.
    Where is this strip mall located?
    The property is located at 5201-5203 Broadway St Quincy, IL.
    What is the asking price?
    The asking price for this property is $2,880,000.
    What are key features of this property?
    This property features: - 100% Occupied Wal-Mart outparcel with corporate guarantees.; - Outparcel to Wal-Mart Super Center in a main retail corridor.; - National and regional tenants with 13+ year tenure.
    (314) 629-6532
    Request Owner's contact information
    5201-5203 Broadway St Quincy, IL 62305
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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
    5201-5203 Broadway St Quincy, IL 62305
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