516 Maine St - Flex FOR SALE


Quincy, IL 62301
$332,500 USD
217-440-3100
516 Maine St, Quincy, IL for Sale
$332,500 USD
Flex - FOR SALE
1/38
null | Request Cap Rate

516 Maine St
Quincy, IL 62301


OVERVIEW

516 Maine Street, Quincy, IL 62301, is a versatile commercial property located in Quincy’s Downtown Business District (D1 Zoning) and within a TIF District. The two-story building contains approximately 3,894 square feet and features a well-maintained, full-service commercial kitchen complete with a hood and exhaust system, along with a grease trap located in the basement. The first floor offers a functional layout with a centrally positioned bar and seating area accommodating approximately 19 patrons, while the front banquet/event space provides seating for up to 128 guests. With a narrow footprint of approximately 22 feet in width, the property is well suited for restaurant, banquet, retail, office, or mixed-use redevelopment. The second floor is currently vacant and closed off, presenting future expansion opportunities. The basement is partially improved with concrete flooring, while the remaining area consists of a dirt floor, and both the first floor and basement benefit from rear access. Additional improvements include a membrane roof installed in 2013. This property presents an excellent opportunity for an owner-user or investor seeking a downtown location with existing infrastructure and redevelopment potential.

FOR SALE DETAILS

PRICE

$332,500 USD

PRICE/SF

$83 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Flex Space, Banquet Hall, Restaurant, Offices

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1

LAND SF

4,356

ZONING

D1

APN/PARCEL ID

23-1-0330-000-00

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 Notice.