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    2421 24Th St Quincy, IL 62305

    Sponsored
    For Sale
    $310,000

    One-acre lot, two buildings, great potential!

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional one-acre commercial property, located at 2421 N 24th Street in Quincy, Illinois, presents a unique investment opportunity. Priced at $310,000, the property boasts a park-like setting enclosed by white fencing. Zoned Industrial and situated within the city's Enterprise Zone, this location offers potential tax benefits for qualifying businesses (contact the Quincy Planning & Development Office for details). The land includes two existing buildings: a charming three-bedroom house featuring beautiful woodwork and hardwood floors throughout, and a two-car garage that has been partially converted into a one-car garage with a small office space. This conversion is easily reversible to restore the full two-car garage. A convenient circular driveway enhances accessibility. The property's versatile zoning and existing structures offer numerous possibilities for entrepreneurs seeking a unique business location. This is a rare opportunity to acquire a well-situated, established property with significant upside potential in a desirable area of Quincy. The property's address is 2421 N 24th Street, Quincy, IL 62305.

    Property Features for 2421 24Th St

    General Information

    Property type
    Land

    Building Details

    Buildings
    2

    HighLights

    • $310,000 one‑acre commercial property in Quincy, IL.
    • Located at 2421 N 24th Street, Quincy, IL 62305.
    • Park‑like setting with white fencing.
    • Industrially zoned within the city's Enterprise Zone, offering potential tax benefits.
    • Includes a three‑bedroom house with hardwood floors and a partially converted two‑car garage with office space (easily reversible).
    • Features a circular driveway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness Wholesale Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Quincy
    County
    Adams
    State
    Illinois
    Longitude
    -91.3779395
    Latitude
    39.9605433

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    FAQs

    What type of property is this?
    Land - One-acre lot, two buildings, great potential!
    Where is this land located?
    The property is located at 2421 24Th St Quincy, IL.
    What is the asking price?
    The asking price for this property is $310,000.
    What are key features of this property?
    This property features: $310,000 one-acre commercial property in Quincy, IL.; Located at 2421 N 24th Street, Quincy, IL 62305.; Park-like setting with white fencing.
    Request Owner's contact information
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    Quincy, IL 62305
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    Realmo Value Estimation

    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.

    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.

    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
    2421 24Th St Quincy, IL 62305
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