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    831 Maine St Quincy, IL 62301

    • Commercial real estate
    For Sale
    View listing
    $580,000
    Value Estimation
    Last Sale
    Apr 21, 2025
    $500,000
    Location Intelligence
    Property ID
    US28-4531360
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 831 Maine St

    Property type
    Commercial real estate
    APN
    231086800000
    APU
    231086800000

    Description

    This exceptional 12,875 square foot commercial building, situated on a 0.38-acre lot at 831 Maine Street in Quincy, Illinois, presents a unique investment opportunity. Located in the heart of the downtown district, this three-story structure offers a blend of commercial and residential potential. The ground floor encompasses over 7,275 square feet of adaptable space, ideal for a variety of uses. A significant portion of this level features high ceilings and two 12x14 overhead doors, previously utilized as an auto body/repair shop and office, offering flexibility for various businesses. The upper two floors comprise four spacious, unfinished apartment units, presenting a substantial value-add opportunity for a savvy investor or owner-occupant. These units are ready for complete renovation to create modern residential spaces. Ample parking is available, adding to the property's appeal. The building will be completely vacant by December 2024, providing immediate occupancy for a new owner. This property is perfectly suited for owner-occupancy, mixed-use development, or a lucrative investment venture. Its central location and versatile layout make it an attractive proposition for a wide range of buyers. Don't miss this chance to acquire a significant property in a thriving downtown area.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $475,000

    • CAP approach

      CAP return
      Estimation
      6%
      $455,000
      6.5%
      $450,000
      7%
      $450,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $400,000
      Geo Method
      $435,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $500,000
      Retail
      $380,000
      Mixed-Use
      $480,000
      Hospitality
      $500,000
      Educational
      $370,000
      Residential Income
      $445,000
      Energy
      $395,000
      Income-Based Land
      $445,000
      Food Service
      $485,000

    Location Insight

    • Map
    • Local Demand
    City
    Quincy
    County
    Adams
    State
    Illinois
    Longitude
    -91.402
    Latitude
    39.9322
    CBSA code
    39500
    CBSA name
    QUINCY, IL-MO MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $6,195
    $29,090
    $59,320
    $88,410
    -
    $87,270
    $177,960
    $265,230

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    • Value Estimation by Request

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    831 Maine 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
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