Property profile

132 5th St Quincy, IL 62301

OFF-MARKET
Commercial real estate
Property ID
US28-4456390
Individually Owned ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property at 132 N 5th Street, Quincy, IL 62301, presents a unique investment opportunity. The offering encompasses two buildings totaling three stories, currently configured for salon/retail use, but adaptable to a variety of commercial applications. The main building at 132 N 5th Street offers versatile space suitable for office or retail operations. The third floor provides a raw space with significant potential for conversion into a loft apartment, adding residential components to the property. A second parcel, located at 502 Hampshire Street, is included in the sale. This two-story building mirrors the functionality of the main structure, offering additional square footage for expansion or independent use. The combined properties offer approximately [Square footage needs to be added from original data, if available] of space. The property's zoning allows for flexibility in its use, with options for subdivision into separate units or continued operation as a single facility. The potential for expansion, modification, and the addition of residential space provides considerable upside for the astute investor. This prime location in downtown Quincy offers excellent visibility and accessibility, making it an ideal investment for both established businesses and new ventures. The asking price for this multifaceted property is $239,900.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 231019900000
UPID US28-4456390

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

132 5th St Quincy, IL 62301-2916
Quincy metro Census 700 QUINCY, IL-MO MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$220k

Owner & transaction history

since 2025
Last sale
$217,500
7 recorded transactions
2025
$217,500
2025
Price N/A
2023
$217,500
2023
Price N/A
2020
Price N/A
2010
$112,000
2006
$125,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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