201 8Th St Quincy, IL 62301
- Commercial land
Current Use by Public Records
- Commercial land
Property Details for 201 8Th St
- Property type
- Commercial land
- APN
- 231078503500
- APU
- 231078503500
Description
This exceptional 34-unit Class A apartment building, completed in 2024, presents a compelling investment opportunity. Located at 201 S 8th St, Quincy, IL, this property boasts 62,459 square feet across three, two-story buildings on a 2-acre lot (APN: 23-7-0294-000-00). Each of the 34 townhomes offers 1,864 square feet of living space, including two bedrooms (one master suite), two and a half bathrooms, a dedicated laundry room, a home office, and an open living/dining area. Residents enjoy premium amenities such as a 24-hour private security service, a private courtyard, and an exclusive fitness center. Each unit includes a one-car garage and an additional driveway parking space. The property's strong financial performance is reflected in its $9,999,999 asking price ($160.11/sq ft, $294,117.62/unit), and a pro-forma NOI of $573,187. The property is zoned D2 and is situated in Quincy's Historic Brewery District. This development received a $926,850 investment from the local government. This turnkey investment offers a blend of historical charm and modern luxury in a high-demand location. The property is owned by an LLC.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Quincy
- County
- Adams
- State
- Illinois
- Longitude
- -91.403405
- Latitude
- 39.93381
- CBSA code
- 39500
- CBSA name
- QUINCY, IL-MO MICROPOLITAN STATISTICAL AREA
