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    1123 4Th St Quincy, IL 62301

    Sponsored
    For Sale
    $175,000

    Versatile Quincy Flex Space - $175,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, located at 1123 N 4th Street in Quincy, Illinois, presents a unique investment opportunity. The nearly 2,500 square foot building sits on a single level and is currently configured as a laundromat and gaming parlor. This adaptable space offers significant potential for a variety of commercial uses, making it ideal for entrepreneurs and investors seeking a flexible and established location. The property's prime location in Quincy, within Adams County, provides easy access to major transportation routes and a thriving local market. The address is 1123 N 4th Street, Quincy, IL 62301. The asking price is $175,000. The property is classified as land, industrial, office, and retail, with subtypes including commercial, flex, warehouse, and other. Its versatility makes it suitable for a wide range of businesses. The existing layout, currently housing a laundromat and gaming parlor, provides a solid foundation for immediate occupancy or potential redevelopment. This property offers a blend of established functionality and significant upside potential, making it a compelling investment in a dynamic Illinois market. The property's geographic coordinates are 39.9451399 latitude and -91.4103845 longitude.

    Property Features for 1123 4Th St

    General Information

    Property type
    Distribution properties

    HighLights

    • $175,000 asking price.
    • Located at 1123 N 4TH Street, Quincy, IL 62301.
    • Nearly 2,500 square feet of single‑level space.
    • Currently operating as a laundromat/gaming parlor.
    • Property type includes Land, Industrial, Office, and Retail uses.
    • Commercial, Flex, and Warehouse subtypes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Quincy
    County
    Adams
    State
    Illinois
    Longitude
    -91.4103845
    Latitude
    39.9451399

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    FAQs

    What type of property is this?
    Distribution property - Versatile Quincy Flex Space - $175,000
    Where is this distribution property located?
    The property is located at 1123 4Th St Quincy, IL.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: $175,000 asking price.; Located at 1123 N 4TH Street, Quincy, IL 62301.; Nearly 2,500 square feet of single-level space.
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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
    1123 4Th St Quincy, IL 62301
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