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    424 8Th St Quincy, IL 62301

    Sponsored
    For Lease
    $0.41 SF/Yr

    High-traffic location, versatile space, rear parking.

    Lot size:
    2,190 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property at 424 S 8TH Street presents a unique investment opportunity. The single-tenant building, zoned for commercial use, offers 2,190 square feet of adaptable space ideal for a variety of uses, including office or retail. The property features convenient rear parking, a significant advantage in a high-traffic area. The existing building includes a well-appointed kitchen area, perfect for a breakroom or employee amenity. The property's APN is 23-2-0322-000-00. This single-building property sits on a commercially zoned lot and offers excellent visibility and accessibility for businesses seeking a prominent location. The high-traffic exposure ensures significant potential for customer interaction and brand recognition. The existing building's layout is flexible and can be easily adapted to suit the specific needs of a new tenant. The inclusion of a dedicated kitchen area adds to the property's functionality and appeal. This is an excellent opportunity to acquire a well-located commercial property with significant potential for growth and return on investment. The property's single-tenant occupancy simplifies management and provides a stable income stream. The combination of prime location, versatile space, and convenient parking makes this property a truly attractive investment.

    Property Features for 424 8Th St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,190 SF

    Building Details

    Buildings
    1

    Unit(s) available at that property

    Space
    Size
    2,190 SF
    Rate per SF
    $0.41

    HighLights

    • Land and office property totaling 2,190 square feet.
    • Single‑tenant occupancy.
    • Commercial zoning.
    • APN: 23‑2‑0322‑000‑00.
    • High‑traffic location suitable for office or retail use.
    • Rear parking available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Quincy
    County
    Adams
    State
    Illinois
    Longitude
    -91.4035896
    Latitude
    39.9272276

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    FAQs

    What type of property is this?
    Office Property / Space - High-traffic location, versatile space, rear parking.
    Where is this office property / space located?
    The property is located at 424 8Th St Quincy, IL.
    What is the lease rate?
    The lease rate is $0.41 SF/Yr.
    What are key features of this property?
    This property features: Land and office property totaling 2,190 square feet.; Single-tenant occupancy.; Commercial zoning.
    Request Owner's contact information
    424 8Th St Quincy, IL 62301
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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
    424 8Th St Quincy, IL 62301
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