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    Quincy Retail Showroom with Lot Title is generated by Realmo AI

    810-822 Hampshire St, Quincy, IL 62301

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    For Sale
    $225,000

    Retail - Quincy, IL

    Type:Retail
    Property size:
    1,500 SF
    Lot size:
    0.45 Acres
    Price / SF:
    $150/SF
    Added:
    May 21, 2026
    Days on Market:
    1
    Last Refresh:
    May 21 at 7:06 pm

    Property Features for 810-822 Hampshire St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    APN
    231084500300
    Size
    1,500 SF
    Lot size
    0.45 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    2004

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1882
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Glenn Swick
    Glenn Swick

    Listing agent Glenn Swick License #2002029365

    Listing office Swick Realty 812 D Hampshire, Quincy, IL

    Listing date May 21, 2026

    MLS# 26031989 Listing URL

    Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • D2 Zoning: Ideal for a wide range of business ventures.
    • .45 Acre Parcel: Includes a paved lot with parking for approximately 15 cars.
    • Two Buildings: Features a 1500 sqft brick building with showroom and offices, plus a 960 sqft quonset hut with loft storage.
    • Quonset Hut: Features loft storage and a single overhead door for convenient access.
    • Showroom: Glass‑front showroom provides excellent visibility and display space.
    • Modern Amenities: Includes central air conditioning, forced air heating, and natural gas.

    Overview

    This downtown Quincy property, situated in a D2 zoning area, features a 1500 sqft brick building. The building includes a glass-front showroom, two offices, a backroom, and a bathroom. It also has a membrane roof. Additionally, the property includes a 960 sqft metal quonset hut with loft storage and a single overhead door. The adjacent lot, which is half-paved and half-gravel, contributes to a total parcel size of 0.45 acres. The paved portion of the lot can accommodate approximately 15 cars. Additional PIN is 23-1-0845-002-00.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $125.7K
    NOI $11,312 @ 9.00% cap · cautious / downside scenario
    Moderate
    $161.6K
    NOI $11,312 @ 7.00% cap · market / base-case scenario
    Aggressive
    $226.2K
    NOI $11,312 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Retail

    Component $ $/SF
    Gross rent $17.1k $11.40
    − Vacancy −$941 −$0.63
    EGI $16.2k $10.77
    − OpEx −$4.8k −$3.23
    NOI $11.3k $7.54
    1,500 SF · lease $11.40/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Retail
    $161.6K
    $141.4K – $188.5K (±1% cap)
    NOI $11,312 @ 7.0% cap · market cap 5.03%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Healthcare Medical
    $299.6K
    $262.2K – $349.6K (±1% cap)
    NOI $20,975 @ 7.0% cap · market cap 9.32%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Showrooms

    Similar Places Nearby

    • Savemore Carpets — 926 Vermont St, Quincy, IL 62301
    • Carpet & Rug Gallery — 920 Vermont St, Quincy, IL 62301
    • Tile Pro — 119 S 11th St, Quincy, IL 62301
    • Leland’s Epoxy & Coatings. — 2030 Hampshire St, Quincy, IL 62301

    Map

    City
    Quincy
    County
    Adams
    State
    Illinois
    Longitude
    -91.2953
    Latitude
    39.9317

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    FAQs

    What type of property is this?
    Showroom - 1500 sqft showroom with additional lot and storage.
    Where is this showroom located?
    The property is located at 810-822 Hampshire St Quincy, IL.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: D2 Zoning: Ideal for a wide range of business ventures.; .45 Acre Parcel: Includes a paved lot with parking for approximately 15 cars.; Two Buildings: Features a 1500 sqft brick building with showroom and offices, plus a 960 sqft quonset hut with loft storage.
    (217) 653-9910
    We can help!
    Listing Contact
    Glenn Swick
    Glenn Swick
    Real Estate License ID: 2002029365
    Learn More
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    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
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