301 S 7th St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
301 S 7th St
40,000 SF 100% Leased Flex Building Quincy, IL 62301 $1,450,000 ($36/SF)
Investment Highlights
- 30,000 sq. ft. warehouse and 2,000 sq. ft. office available to occupy.
- Downtown location, 0.4 miles from Hwy 57.
- $55,800 of supplemental income.
- Opportunity Zone and newly approved TIF District.
Executive Summary
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.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$55,800
|
$1.40
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$55,800
|
$1.40
|
| Taxes |
$9,449
|
$0.24
|
| Operating Expenses |
$9,393
|
$0.23
|
| Total Expenses |
$18,842
|
$0.47
|
| Net Operating Income |
$36,958
|
$0.92
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $55,800 |
| Annual Per SF | $1.40 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $55,800 |
| Annual Per SF | $1.40 |
| Taxes | |
|---|---|
| Annual | $9,449 |
| Annual Per SF | $0.24 |
| Operating Expenses | |
|---|---|
| Annual | $9,393 |
| Annual Per SF | $0.23 |
| Total Expenses | |
|---|---|
| Annual | $18,842 |
| Annual Per SF | $0.47 |
| Net Operating Income | |
|---|---|
| Annual | $36,958 |
| Annual Per SF | $0.92 |
Property Facts
| Price | $1,450,000 | Rentable Building Area | 40,000 SF |
| Price Per SF | $36 | No. Stories | 3 |
| Sale Type | Investment or Owner User | Year Built/Renovated | 1840/2019 |
| Property Type | Flex | Clear Ceiling Height | 19 FT |
| Property Subtype | Light Distribution | No. Dock-High Doors/Loading | 2 |
| Building Class | C | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 0.72 AC | Opportunity Zone |
Yes
|
| Price | $1,450,000 |
| Price Per SF | $36 |
| Sale Type | Investment or Owner User |
| Property Type | Flex |
| Property Subtype | Light Distribution |
| Building Class | C |
| Lot Size | 0.72 AC |
| Rentable Building Area | 40,000 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1840/2019 |
| Clear Ceiling Height | 19 FT |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 2 |
| Opportunity Zone |
Yes |
Amenities
- 24 Hour Access
- Security System
- Signage
- Air Conditioning
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
1 of 1
Walk Score ®
Very Walkable (85)
Bike Score ®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 23-1-0693-000-00 | Total Assessment | $137,210 |
| Land Assessment | $27,640 | Annual Taxes | $9,449 ($0.24/SF) |
| Improvements Assessment | $109,570 | Tax Year | 2023 Payable 2024 |
PROPERTY TAXES
Parcel Number
23-1-0693-000-00
Land Assessment
$27,640
Improvements Assessment
$109,570
Total Assessment
$137,210
Annual Taxes
$9,449 ($0.24/SF)
Tax Year
2023 Payable 2024
zoning
| Zoning Code | D2 |
| D2 |
1 of 47
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
301 S 7th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.