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Description
700 Maine St, Quincy, IL ? Mixed-Use Opportunity: Downtown mixed-use property with D1 zoning and TIF potential, totaling approximately 7,390 sq. ft. The building includes two vacant commercial units on the lower level (approx. 2,000 sq. ft. each) and two apartments upstairs (approx. 1,400 sq. ft. each), currently generating $1,800/month in gross income. The lower units were most recently used as a bar and a nutrition shop, offering flexible use options. Additional features include two garages and rear parking, with roof updates currently in progress. Strong value-add opportunity with upside through leasing the commercial space.
Property Highlights
Property Type: Commercial - Retail
Available Sqft: 4300
General Information
County: Adams
Listed By:
Happel, Inc., REALTORS
Office: 217-224-8383
RMLSA
MLS ID: CA1043219
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700 Maine Street, Quincy, IL 62301.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $405,000 | $405,000 | $405,000 |
| Down Payment | $81,000 | $14,175 | $101,250 |
| Monthly Mortgage Amount | $1,917 | $2,384 | $2,462 |
| Taxes | $564 | $564 | $564 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $178 | $0 |
| Monthly Estimated Total | $2,599 | $3,244 | $3,144 |