Downtown Mixed-Use Redevelopment
New
For Sale
$475,000
500 S 8TH Street, Quincy, IL 62301
COMMERCIAL - Quincy, IL
Property Size20,000 SF
Lot Size0.37 Acres
Price / SF$23.75
Days on Market1
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
Natural Gas, Forced Air, Electric (Heating)
Cooling system
Window Unit(s), Wall/Window Unit(s), Multi Units, Central Air
Building Details
Year built
1900
Floors in Building
3
Number of units
11
Flooring type
Carpet, Tile
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
Last Checked: Aug 11 at 5:06PM
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 approximately 20,000-square-foot mixed-use property occupies 0.37 acres and is zoned Commercial. The main level contains an established commercial event space. Residential improvements include one fully renovated apartment, while the balance of the residential area has been gutted for reconstruction into 10 additional units. Brick and frame construction dates to 1900, with carpet and tile flooring, forced-air and natural-gas or electric heating, and a combination of central air, window units, and wall/window units.
The property is located in downtown Quincy at 500 S 8th Street, near restaurants, shopping, nightlife, and entertainment. Public sewer serves the site, and the roof is finished with rolled hot-mop roofing. The existing commercial space and residential component provide a defined framework for continued mixed-use occupancy or redevelopment.
The property is located in downtown Quincy at 500 S 8th Street, near restaurants, shopping, nightlife, and entertainment. Public sewer serves the site, and the roof is finished with rolled hot-mop roofing. The existing commercial space and residential component provide a defined framework for continued mixed-use occupancy or redevelopment.
Key Highlights
- Nearly 20,000 sq. ft. mixed‑use property on 0.37 acres
- Commercial zoning with an established main‑floor event space
- One renovated apartment plus residential area planned for 10 additional units
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
163
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial zoning and an existing event space 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 zoning with an established main‑floor event space; One renovated apartment plus residential area planned for 10 additional units
