Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2021Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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