Downtown Mixed-Use Redevelopment
For Sale
$475,000
500 S 8TH Street, Quincy, IL 62301
Commercial Sale, Quincy, IL
Property Size20,000 SF
Lot Size0.37 Acres
Price / SF$23.75
Days on Market46
Property Features for 500 S 8TH Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Parking
21
Directions
SW corner of 8th and State
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 SURVEY LOTS 1 & 2 & E 21.5FT LOT 3
Tax Annual Amount
6340
Legal Description
LOT 3 BLK 59 WOODS SURVEY LOTS 1 & 2 & E 21.5FT LOT 3
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Natural Gas, Forced Air
Cooling system
Multi Units, Wall/Window Unit(s), Central Air, Window Unit(s)
Building Details
Year built
1900
Floors in Building
3
Number of units
11
Flooring type
Tile, Carpet
Building materials
Brick, Frame
Roof type
Rolled Hot Mop
Listing Agency:
Happel, Inc., REALTORS
(217) 224-8383
Listed By:
Melissa Sullivan · License #475127805
(217) 242-3371
Added: Aug 11
Changed: Sep 16
Last Checked: Sep 25 at 9:06PM
MLS# CA1045742
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.
Investment Insights
Based on property information with market context.
This mixed-use property encompasses nearly 20,000 square feet on 0.37 acres, with commercial and residential components arranged within a brick and frame building constructed in 1900. The main level contains an established commercial/event area, while one apartment has been fully renovated. Additional residential space has been gutted and is positioned for reconfiguration into another 10 units. Commercial zoning is in place, offering a framework for the property’s existing combination of uses.
Located at 500 S 8TH Street in downtown Quincy, the building is near restaurants, shopping, nightlife, and entertainment. Property systems include public sewer, electric and natural gas heating, forced-air heat, and multiple cooling configurations. Tile and carpet flooring are present, along with a rolled hot-mop roof.
Located at 500 S 8TH Street in downtown Quincy, the building is near restaurants, shopping, nightlife, and entertainment. Property systems include public sewer, electric and natural gas heating, forced-air heat, and multiple cooling configurations. Tile and carpet flooring are present, along with a rolled hot-mop roof.
Key Highlights
- Nearly 20,000 sq. ft. mixed‑use property on 0.37 acres
- Commercial/event space occupies the main floor
- One apartment has been completely renovated
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Existing event space and one renovated apartment anchor the property’s mixed-use configuration.
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: Nearly 20,000 sq. ft. mixed‑use property on 0.37 acres; Commercial/event space occupies the main floor; One apartment has been completely renovated
