500 S 8TH Street, Quincy, IL 62301
sale
$475,000
|
Other
Courtesy Of Happel Inc., REALTORS
Prime Downtown Redevelopment Opportunity! Unlock the potential of this nearly 20,000 sq. ft. property, ideally located in the heart of the thriving downtown district and just steps from restaurants, shopping, nightlife, and entertainment. Priced significantly below a recent appraisal, this property offers an exceptional opportunity for an investor, developer, or entrepreneur ready to bring a vision to life. The main floor features an established commercial/event space that provides an excellent foundation for continued use or future redevelopment. One apartment has been completely renovated and is ready to go, while the remainder of the residential space has been gutted and is ready to be refinished and reimagined into another 10 units. With substantial space, a prime location, and endless possibilities for residential, commercial, or mixed-use development, this property offers the opportunity to create something truly special in the heart of downtown. Whether you're looking to build a unique rental portfolio, create additional residential units, expand commercial space, or develop a one of a kind mixed use destination, 500 S. 8th Street is a blank canvas with incredible potential.
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Property Features
- Age: Over 50 Years Old
- Building Units: 11
- Cooling System: Window Unit(s)
- Cooling System: Multi Units
- Cooling System: Wall/Window Unit(s)
- Cooling System: Central Air
- Exterior Type: Brick
- Exterior Type: Frame
- Floor Covering: Tile
- Floor Covering: Carpet
- Floors: 3
- Heating System: Electric (Heating)
- Heating System: Forced Air
- Heating System: Natural Gas
- Legal Description: LOT 3 BLK 59 WOODS SURVEY LOTS 1 & 2 & E 21.5FT LOT 3
- MLSID: CA1045742
- Parking Spaces: 21
- Roof Type: Rolled Hot Mop
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