518 Vermont St Quincy, IL 62301
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 518 Vermont St
- Property type
- Commercial real estate
- APN
- 231015400000
- APU
- 231015400000
Description
This exceptional commercial property located at 518 Vermont Street in Quincy, Illinois, presents a remarkable investment opportunity. Boasting a total of 3976 square feet across two floors, this building offers significant potential for a variety of uses. The main level encompasses 1988 square feet and features a well-designed layout including a welcoming waiting room, a dedicated reception area, four private offices perfect for individual work or team collaboration, a spacious conference room ideal for meetings and presentations, two convenient restrooms, a practical utility room, and a functional kitchen area. The second floor mirrors the first floor's layout, providing ample space for expansion or customization, though it requires updating. The property also includes a full basement offering valuable storage space. The building is equipped with two HVAC units and one hot water heater, ensuring comfortable climate control. Furthermore, the roof was recently replaced in 2020, providing peace of mind for years to come. High-speed internet access via fiber is available, catering to modern business needs. The property sits on a 0.04-acre lot, offering convenient access and visibility. This versatile building is ready for a discerning buyer to transform it into a thriving business hub. The building is zoned for general commercial use and could accommodate 11-25 workspaces. Don't miss this chance to own a piece of Quincy's commercial landscape.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $80,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $60,000
- 6.5%
- $60,000
- 7%
- $65,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $55,000
- Geo Method
- $65,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $60,000
- Retail
- $65,000
- Mixed-Use
- $65,000
- Hospitality
- $75,000
- Educational
- $70,000
- Residential Income
- $65,000
- Energy
- $70,000
- Income-Based Land
- $60,000
- Food Service
- $65,000
Location Insight
- Map
- Local Demand
- City
- Quincy
- County
- Adams
- State
- Illinois
- Longitude
- -91.4074
- Latitude
- 39.9343
- CBSA code
- 39500
- CBSA name
- QUINCY, IL-MO MICROPOLITAN STATISTICAL AREA