831 Maine St, Quincy, IL 62301-4014
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.