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Listed by Melissa Sullivan • Happel, Inc., REALTORS
$ 475,000
Est. payment | /mo
19,498 SqFt
$ 475,000
Est. payment | /mo
19,498 SqFt
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 19,498 sqft
Price per Sqft $24
MLS Listing ID CA1045742
Year Built 1900
Annual Tax Amount $6,340
Tax Year 2025
Lot Size 0.370 Acres
Acres 0.37
Lot Dimensions 159.x101
Property Sub-Type Commercial
Source rmlsa
Property Description
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.
Location
State IL
County Adams
Area Quincy
Zoning Commercial
Direction SW corner of 8th and State
Interior
Heating Electric, Forced Air, Natural Gas
Cooling Central Air, Multi Units, Wall/Window Unit(s)
Flooring Carpet, Tile
Fireplace N
Exterior
View true
Roof Type Rolled/Hot Mop
Total Parking Spaces 21
Garage 1
Building
Faces SW corner of 8th and State
Sewer Public Sewer
Structure Type Brick,Frame
Others
Tax ID 23-2-0293-000-00