500 S 8TH ST, Quincy, IL 62301
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500 S 8TH ST, Quincy, IL 62301
500 S 8TH ST, Quincy, IL 62301
500 S 8TH ST, Quincy, IL 62301
500 S 8TH ST, Quincy, IL 62301
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Alisa Sanders

Alisa Sanders

+1(217) 257-6622
Listed by Melissa Sullivan • Happel, Inc., REALTORS
$ 475,000
Est. payment /mo
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Active

500 S 8TH ST Quincy, IL 62301

19,498 SqFt

UPDATED:

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Residential Income

Listing Status Active

Purchase Type For Sale

Square Footage 19,498 sqft

Price per Sqft $24

MLS Listing ID CA1047253

Year Built 1900

Annual Tax Amount $6,340

Tax Year 2025

Lot Size 0.370 Acres

Acres 0.37

Lot Dimensions 159x101

Property Sub-Type Residential Income

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 11 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

Direction SW Corner of 8th and State St.

Rooms

Basement Full, Unfinished

Interior

Heating Electric, Forced Air, Gas

Cooling Central Air

Fireplace N

Exterior

View true

Roof Type Composition

Total Parking Spaces 21

Garage 1

Building

Lot Description Level

Faces SW Corner of 8th and State St.

Unit Features [{\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"Unit 1\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":0,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"1\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1422265Group_1\"},{\"UnitTypeBedsTotal\":0,\"UnitTypeType\":\"Unit 2\",\"RMA_FullBaths\":\"0\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":0,\"RMA_NumberParking\":\"0\",\"RMA_NumberUncovered\":\"0\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1422265Group_2\"},{\"UnitTypeBedsTotal\":0,\"UnitTypeType\":\"Unit 3\",\"RMA_FullBaths\":\"0\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":0,\"RMA_NumberParking\":\"0\",\"RMA_NumberUncovered\":\"0\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1422265Group_3\"},{\"UnitTypeBedsTotal\":0,\"UnitTypeType\":\"Unit 4\",\"RMA_FullBaths\":\"0\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":0,\"RMA_NumberParking\":\"0\",\"RMA_NumberUncovered\":\"0\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1422265Group_4\"}]

Water Public Sewer, Public

Structure Type Brick

New Construction false

Schools

Middle Schools Quincy Jr High

High Schools Quincy School District #172

Others

Tax ID 23-2-0293-000-00

Alisa Sanders

Alisa Sanders

Agent

+1(217) 257-6622

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500 S 8TH ST