1123 4Th St Quincy, IL 62301
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 1123 4Th St
- Property type
- Commercial real estate
- APN
- 237011700000
- APU
- 237011700000
Description
This exceptional commercial property, located at 1123 N 4th Street in Quincy, Illinois, presents a significant opportunity for investors and entrepreneurs. Boasting nearly 2,500 square feet of versatile space all on a single level, this building offers unparalleled convenience and flexibility. Currently configured as a laundromat and gaming parlor, the property's layout is adaptable to a wide range of commercial uses. The expansive floor plan allows for easy customization to suit individual business needs, whether it's retail, office space, or a combination thereof. The property sits on a lot with no acreage, making it ideal for businesses that don't require extensive outdoor space. The asking price of $150,000 represents a compelling investment opportunity in a thriving Quincy location. The building's existing infrastructure provides a solid foundation for immediate occupancy or renovation, depending on the buyer's vision. Its prime location offers excellent visibility and accessibility, ensuring high foot traffic and convenient access for customers and employees. This is a rare chance to acquire a substantial commercial property in a desirable area at an attractive price point. Don't miss this chance to secure a valuable asset with significant upside potential. Serious inquiries are encouraged.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $95,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $100,000
- 6.5%
- $120,000
- 7%
- $115,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $110,000
- Geo Method
- $125,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $125,000
- Retail
- $110,000
- Mixed-Use
- $130,000
- Hospitality
- $130,000
- Educational
- $100,000
- Residential Income
- $140,000
- Energy
- $100,000
- Income-Based Land
- $105,000
- Food Service
- $130,000
Location Insight
- Map
- Local Demand
- City
- Quincy
- County
- Adams
- State
- Illinois
- Longitude
- -91.4104
- Latitude
- 39.9452
- CBSA code
- 39500
- CBSA name
- QUINCY, IL-MO MICROPOLITAN STATISTICAL AREA