Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    831 Maine St, Quincy, IL 62301-4014

    Individually Owned 1-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US28-4531360
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    APN 231086800000
    UPID US28-4531360
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Johnathan Rex Schemerhorn · 1 yrs held
    Johnathan Rex Schemerhorn
    since 2025
    Last sale
    $500,000
    2 recorded transactions
    2025
    $500,000
    2008
    $199,500
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 831 Maine St?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message