Contact us: 563.441.1776
Description
This mixed-use brick building sits on two parcels along one of Quincy's busiest corridors, with traffic counts above 20,000 vehicles a day and direct proximity to both the Blessing and QMG medical complexes. The ground floor is setup with a reception area, bathroom, and seven private rooms currently used for spa/tanning services. With two separate entrances and partition walls, the ground can easily be converted to office suites, salon stations, or other uses. Two fully renovated one-bedroom, one-bath apartments occupy the second floor, each completed in 2024 with new appliances, plumbing, electrical, and new finishes throughout. The apartments share a laundry space as well as a new deck and staircase. With the second parcel, tenants and customers have ample off-street parking. Mechanical updates are extensive with three newer gas furnaces, three newer water heaters, one newer central AC unit for the ground floor and two new central AC units for the apartments. A new asphalt shingle roof was installed in 2025 as well as gutters and soffits. Total square footage of 2400, 1200 for each floor. Long term tenants in place in all three spaces, income and expense data available for qualified buyers. With reliable rental income already in place and a versatile commercial layout, this property offers immediate cash flow in a high-visibility and high-demand location.
Property Highlights
Property Type: Commercial - Retail
Building Description: 2.0 stories
Available Sqft: 2400
General Information
County: Adams
Listed By:
eXp Realty
Pref: 614-288-3239
RMLSA
MLS ID: CA1044786
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1224 Broadway Street, Quincy, IL 62301.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $379,000 | $379,000 | $379,000 |
| Down Payment | $75,800 | $13,265 | $94,750 |
| Monthly Mortgage Amount | $1,842 | $2,261 | $2,341 |
| Taxes | $527 | $527 | $527 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $167 | $0 |
| Monthly Estimated Total | $2,480 | $3,066 | $2,979 |
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