Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1230 Broadway St Quincy, IL 62301

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $125,000

    0.12-acre lot, high traffic Broadway location.

    Property Features for 1230 Broadway St

    General Information

    Property type
    Land
    Lot Size
    5,227 SF

    We can help!

    Listing Contact
    Greg Zanger, Designated Managing Broker

    Listing Agent: Greg Zanger, Designated Managing Broker

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 0.12-acre commercial lot presents a unique investment opportunity in the heart of Quincy, Illinois. Located at 1230 Broadway, this property boasts a highly desirable location on a street known for its exceptionally high traffic volume, ensuring maximum visibility for any future development. The lot is zoned Commercial, allowing for a wide range of potential uses. Utilities are readily available, including electricity, gas, sewer, and water. High-speed internet, cable, and fiber optic connections are also accessible, catering to modern business needs. The property's APN is 23-1-1215-000-00. This vacant land is ready for immediate development, making it an ideal site for a new commercial building or expansion project. Its strategic location on Broadway in Adams County, Illinois, zip code 62301, offers unparalleled access to a substantial customer base. The asking price for this prime commercial lot is $125,000. Don't miss this chance to secure a piece of Quincy's thriving commercial landscape.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Quincy
    County
    Adams
    State
    Illinois
    Longitude
    -91.3952825
    Latitude
    39.9353633

    Nearby Similar for Sale

    • $975,000
      Pending

      Industrial Warehouse with Office Space

      Two-story industrial warehouse with office space in Quincy, Illinois.
      600 York St, Quincy, IL 62301
      View Details
    • $549,000
      21,267 SF

      Prime Redevelopment Opportunity in Quincy

      20,000 sq ft commercial property in a growing district.
      223 Hampshire, Quincy, IL 62301
      View Details
    • $400,000
      Pending

      Quincy Industrial Facility with Fenced Lot

      21,386 SF industrial facility with fenced gravel lot.
      600 State St, Quincy, IL 62301
      View Details
    • $159,900
      Pending

      South Quincy Brick Duplex

      Two-unit property with recent updates and long-term tenants.
      1038 S 12Th St, Quincy, IL 62301
      View Details
    • $350,000
      0.69 Acres

      Northbrook Car Wash Business Opportunity

      Established car wash business with multiple revenue streams in Northbrook.
      204 Skokie Blvd, Northbrook, IL 60062
      View Details
    • $1,399,999
      0.72 Acres

      Versatile Multi-Use Commercial Property

      42,000+ sq ft, warehouse, retail, office, and apartments.
      301 S 7Th St, Quincy, IL 62301
      View Details
    • $1,250,000

      Northbrook Multifamily Investment Opportunity

      Fully occupied 6-unit building with amenities in Northbrook, Illinois.
      3428 Salem Walk, Northbrook, IL 60062
      View Details
    • $195,000

      Turnkey Restaurant Business Opportunity

      Established Northbrook restaurant with banquet halls and fully equipped kitchen.
      500 Anthony Trl, Northbrook, IL 60062
      View Details
    • $1,250,000

      Northbrook Multifamily Investment Opportunity

      Fully occupied 6-unit building with remodeled units and amenities.
      3606 Salem Walk, Northbrook, IL 60062
      View Details
    • $1,250,000

      Northbrook Multifamily Investment Opportunity

      Fully occupied 6-unit building with amenities in Northbrook, Illinois.
      3456 Salem Walk, Northbrook, IL 60062
      View Details
    • $1,600,000
      1.15 Acres

      Spacious Multifamily Property in Quincy

      Sixteen-unit multifamily property with ample parking in Quincy, Illinois.
      4609 State St, Quincy, IL 62301
      View Details
    • $125,000
      0.17 Acres

      Income-Generating Two-Unit Apartment Building

      Two-unit apartment building with recent remodel and income potential.
      1011 Ohio St, Quincy, IL 62301
      View Details

    FAQs

    What type of property is this?
    Land - 0.12-acre lot, high traffic Broadway location.
    Where is this land located?
    The property is located at 1230 Broadway St Quincy, IL.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: 0.12-acre vacant commercial lot in Quincy, IL.; High-traffic location on Broadway.; Commercial zoning allows diverse development options.
    Request Owner's contact information
    1230 Broadway St Quincy, IL 62301
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1230 Broadway St
    Quincy, IL 62301
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1230 Broadway St Quincy, IL 62301
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Greg Zanger, Designated Managing Broker
    Learn more
    Google sign-in failed. Please try again or use another login method.