301 S 7th St - Light Distribution FOR SALE


Quincy, IL 62301
$1,450,000 USD
217-440-3100
301 S 7th St, Quincy, IL for Sale
$1,450,000 USD
Light Distribution - FOR SALE
1/46
null | Request Cap Rate

301 S 7th St
Quincy, IL 62301


HIGHLIGHTS

  • 30,000 sq. ft. warehouse and 2,000 sq. ft. office available to occupy.
  • $55,800 of supplemental income.
  • Downtown location, 0.4 miles from Hwy 57.
  • Opportunity Zone and newly approved TIF District.

OVERVIEW

This versatile property features 2,000 sq. ft. of office space on the first floor and a spacious 30,000 sq. ft. warehouse with a 19 ft. peak height and an external dock with a leveler. The upper level includes six furnished apartments generating $55,800 annually and three framed, unfinished apartments ready for completion. Located in a TIF zone, this property offers tax incentives for finishing the apartments. Ideal for businesses needing substantial warehouse space while benefiting from supplementary rental income, this property presents a unique investment opportunity.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$36 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Distribution

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1840

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

19 Ft

DOCKS

2

DRIVE INS

2

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.72

LAND SF

31,363

ZONING

D2

APN/PARCEL ID

23-1-0693-000-00

ASK ABOUT THIS PROPERTY

Max DancerHappel, Inc. REALTORS®More Info
217-440-3100

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Max DancerHappel, Inc. REALTORS®More Info
217-440-3100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.