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Property profile & analytics

518 Vermont St Quincy, IL 62301

  • Commercial real estate
Value Estimation
Last Sale
Jan 16, 2025
$85,000
Location Intelligence
Property ID
US28-4516732
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 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

by Realmo proprietary methodology Last update: July 3, 2025
  • 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

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
$2,577
$1,750
$35,030
$36,780
-
$5,250
$105,090
$110,340
More about this property
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