Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    New Retail Center For Lease Title is generated by Realmo AI

    2929 Broadway St, Quincy, IL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    New construction retail spaces available at signalized corner location.

    Type:RETAIL
    Property size:
    3,400 SF
    Lot size:
    0.49 Acres
    Added:
    Mar 25, 2025
    Days on Market:
    414
    Last Refresh:
    Apr 5 at 10:52 pm

    Property Features for 2929 Broadway St

    General Information

    Standard status
    Active
    Size
    3,400 SF
    Lot size
    0.49 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 2929 Broadway St Contact us

    We can help!

    Listing Contact
    Alex Apter
    Alex Apter

    Listing agent Alex Apter

    Listing office LOCATION. Commercial Real Estate

    Listing date Mar 25, 2025

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of LOCATION. Commercial Real Estate

    HighLights

    • New construction
    • Signalized corner of Broadway St. and 30th St.
    • Excellent visibility
    • 1,400‑4,800 sf Available
    • Corner location on Broadway St (23,000 AADT) & N 30th St (6,600 AADT)
    • Center for lease

    Overview

    This new construction retail center offers spaces for lease, ranging from 1,400 to 4,800 square feet. The property is located on a signalized corner of Broadway Street and 30th Street, providing excellent visibility. The corner location benefits from high traffic volume, with Broadway Street experiencing an average annual daily traffic (AADT) count of 23,000 and N 30th Street experiencing 6,600 AADT.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Quincy
    County
    Adams
    State
    Illinois
    Longitude
    -91.3682
    Latitude
    39.9355

    Nearby Similar for Lease

    • Contact for pricing

      Warehouse and Office Space Available

      Large warehouse and office space in Schneidman Industrial Park.
      2412 W Schneidman Drive, Quincy, IL 62305
      View Details
    • Contact for pricing

      Versatile Commercial Space in Quincy

      Multi-use space suitable for retail, office, or storage.
      711 S FRONT Street, Quincy, IL 62301
      View Details
    • Contact for pricing

      Quincy Flex Storage Spaces Available

      Flex storage spaces tailored to various needs are available for rent.
      5101 Kochs Lane, Quincy, IL 62305
      View Details
    • $19 SF/Yr

      Renovated Office Space Available

      Office space with renovated amenities and tenant lounge.
      630-650 Dundee Rd, Northbrook, IL
      View Details
    • $15 SF/Yr

      Retail Space Near Hotel Amenities

      Retail space with growth potential near hotel amenities.
      1110 Willow Rd, Northbrook, IL
      View Details
    • $22 SF/Yr

      Northbrook Office Space Available

      Office space for rent in Northbrook, Illinois.
      600-650 Academy Dr, Northbrook, IL
      View Details
    • $10 SF/Yr

      Air Cooled Warehouse Space

      6,050 SF air-cooled warehouse with upgraded finishes for lease.
      1935-1955 Techny Rd, Northbrook, IL
      View Details
    • $14 SF/Yr

      Premium Flex-Industrial Suite Available

      Flex-industrial suite with high ceilings, drive-in doors, and temperature control.
      600 Waukegan Rd, Northbrook, IL
      View Details
    • $16 SF/Yr

      Northbrook Office Space For Rent

      Office space available in a dynamic business park setting.
      3204 Doolittle Dr, Northbrook, IL
      View Details
    • Contact for pricing

      Prime Commercial Location in Quincy

      Restaurant or business opportunity with high-visibility frontage and lake views.
      4403 BROADWAY Street, Quincy, IL 62305
      View Details
    • Contact for pricing

      Mixed-Use Center Space Available

      13,500 SF space for lease in thriving mixed-use center.
      3237 Quincy Mall, Quincy, IL
      View Details
    • $10 SF/Yr

      Northbrook Warehouse Space Available

      Industrial warehouse space for lease in Northbrook, Illinois.
      3955 Commercial Ave, Northbrook, IL
      View Details

    FAQs

    What type of property is this?
    Retail space - New construction retail spaces available at signalized corner location.
    Where is this retail space located?
    The property is located at 2929 Broadway St Quincy, IL.
    What are key features of this property?
    This property features: New construction; Signalized corner of Broadway St. and 30th St.; Excellent visibility
    (314) 488-5900 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Alex Apter
    Alex Apter
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2929 Broadway St, Quincy, IL
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!