Warehouse with External
301 S 7th Street Quincy, IL 62301
For Sale
$1,399,999
Includes warehouse space with external dock plus office/retail area and six furnished apartments with on-site laundry.
Property Size32,000 SF
Price / SF$43.75
Days on Market473
Property Features for 301 S 7th Street
General Information
Standard status
Active
Size
32,000 SF
Property subtype
Commercial
Listing Agency:
Happel, Inc., REALTORS
(217) 617-0751
Listed By:
Janet Arns · License #475130570
(217) 617-0751
Source:
Craggsrealtors
Added: Apr 14, 2025
Changed: Jul 28
Last Checked: Jul 29 at 12:33PM
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 Happel, Inc., REALTORS
Investment Insights
Based on property information with market context.
This unique multi-use property offers a mix of warehouse, office/retail, and residential income space in one building. The project includes 40,000 square feet of warehouse space suitable for storage, manufacturing, or distribution, along with an external dock. There is also approximately 2,000 square feet of office and retail space.
In addition to the commercial components, the property features six furnished apartments, each with laundry. The current rental income is stated at $56,700 annually. There are also three additional apartments that are ready to be finished.
The listing notes that TIF incentives may be available to support completing the additional apartment units. The property is located at 301 S 7th Street in Quincy, Illinois, and apartment photos are available upon request.
In addition to the commercial components, the property features six furnished apartments, each with laundry. The current rental income is stated at $56,700 annually. There are also three additional apartments that are ready to be finished.
The listing notes that TIF incentives may be available to support completing the additional apartment units. The property is located at 301 S 7th Street in Quincy, Illinois, and apartment photos are available upon request.
Key Highlights
- Over 42,000 sq ft multi‑use commercial building with 40,000 sq ft warehouse space
- Warehouse includes an external dock for storage, manufacturing, or distribution uses
- 2,000 sq ft office and retail space included
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $192.0k | $6.00 |
| − Vacancy | −$14.4k | −$0.45 |
| EGI | $177.6k | $5.55 |
| − OpEx | −$53.3k | −$1.67 |
| NOI | $124.3k | $3.89 |
32,000 SF · lease $6.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.45M
$3.02M – $4.02M
NOI $241,315 @ 7.0% cap · market cap 17.24%
Second Best
Flex RnD
$3.32M
$2.90M – $3.87M
NOI $232,228 @ 7.0% cap · market cap 16.59%
Theoretical Best
Healthcare Medical
$6.39M
$5.59M – $7.46M
NOI $447,471 @ 7.0% cap · market cap 31.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Encore Events and Catering — 417 Hampshire St, Quincy, IL 62301
- Cjs Smoked Meats Mobile Food Wagon — 999-901 hampshire st, quincy, il 62301
Frequently Asked Questions
What type of property is this?
Flex space - Includes warehouse space with external dock plus office/retail area and six furnished apartments with on-site laundry.
Where is this flex space located?
The property is located at 301 S 7th Street Quincy, IL.
What is the asking price?
The asking price for this property is $1,399,999.
What are key features of this property?
This property features: Over 42,000 sq ft multi‑use commercial building with 40,000 sq ft warehouse space; Warehouse includes an external dock for storage, manufacturing, or distribution uses; 2,000 sq ft office and retail space included
