Mixed-Use Building with Event
For Sale
$475,000
500 S 8TH Street, Quincy, IL 62301
Residential Income, Quincy, IL
Property SizeContact for details
Lot Size0.37 Acres
Days on Market72
Property Features for 500 S 8TH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Bathroom 1
Parking
21
Parking features
On Street
Basement
Full, Unfinished
Lot features
Level
Middle school
Quincy JR High
High school
Quincy School District #172
Directions
SW Corner of 8th and State St.
Standard status
Active
APN
23-2-0293-000-00
Lot size
0.37 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 3 BLK 59 WOODS SURVEYLOTS 1 & 2 & E 21.5FT LOT 3
Tax Annual Amount
6340
Legal Description
LOT 3 BLK 59 WOODS SURVEYLOTS 1 & 2 & E 21.5FT LOT 3
Utilities
Heating system
Electric (Heating), Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1900
Number of units
12
Building materials
Brick
Roof type
Composition
Listing Agency:
Happel, Inc., REALTORS
(217) 224-8383
Listed By:
Melissa Sullivan
(217) 242-3371
Added: Aug 11
Changed: Oct 20
Last Checked: Oct 21 at 8:06AM
MLS# CA1047253
Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This brick mixed-use property includes a commercial and event area on the main floor, one renovated apartment, and additional residential space that has been gutted for a potential reconfiguration into 11 more units. The building dates to 1900 and has central air conditioning, forced-air heating, and public water. The parcel measures 0.37 acres, with on-street parking available.
At 500 S 8th Street in Quincy, the property is in the downtown area, near restaurants, shopping, nightlife, and entertainment. The existing combination of commercial/event space and residential areas provides a varied configuration, with the unfinished portion requiring completion before residential use.
At 500 S 8th Street in Quincy, the property is in the downtown area, near restaurants, shopping, nightlife, and entertainment. The existing combination of commercial/event space and residential areas provides a varied configuration, with the unfinished portion requiring completion before residential use.
Key Highlights
- Main‑floor commercial and event area
- One renovated apartment; remaining residential area is gutted and can be reworked into 11 additional units
- 0.37‑acre parcel in downtown Quincy, near restaurants, shopping, nightlife, and entertainment
Property Analytics
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Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
1,571
Businesses Nearby
Explore this area
Business Placement
Demographics for 62301, IL
31,481
Population
15,295
Households
2.1
Avg Household Size
39
Median Age
24%
College-Educated
91%
High-School Grad
11.2 sq mi
ZIP Area
2,811
Density / Sq Mi
$52,212
Median Household Income
$36,665
Median Earnings
$805
Median Rent
$124,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines a ground-floor commercial and event area with an apartment and unfinished residential space.
Where is this mixed-use property located?
The property is located at 500 S 8TH Street Quincy, IL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Main‑floor commercial and event area; One renovated apartment; remaining residential area is gutted and can be reworked into 11 additional units; 0.37‑acre parcel in downtown Quincy, near restaurants, shopping, nightlife, and entertainment
