For Sale
$925,000

7200 State St Quincy, IL 62305

18 Acres, 58 Rental Pads, High Potential

Overview

Added:
Dec 11, 2024
Days on market:
132
Exceptional investment opportunity in Quincy, Illinois. This expansive 18.32-acre commercial land parcel, located just outside city limits at 7200 State Street, presents a compelling value-add proposition. The property boasts 58 existing rental pads, offering immediate income potential and significant upside through strategic improvements. Further enhancing its appeal is an additional 20 acres of timber-rich land, adding to the overall acreage and potential future development options. The property is zoned RU1, providing flexibility for various commercial uses. Several readily implementable value-add strategies exist to quickly increase revenue streams. The asking price is $925,000, reflecting a competitive market value, and the seller is motivated to secure a swift sale and is open to reasonable offers. This is a rare chance to acquire a substantial land holding with existing income generation and considerable growth potential in a desirable location. The property's address is 7200 State Street, Quincy, IL 62305.

Highlights

  • 18.32-acre commercial land parcel in Quincy, IL, at 7200 State Street, just outside city limits.
  • 58 existing rental pads provide immediate income.
  • Additional 20 acres of timbered land offers future development potential.
  • RU1 zoning allows for flexible commercial uses.
  • $925,000 asking price; seller motivated.

Property Details for 7200 State St

Property type
Land

Location Insight

City
Quincy
County
Adams
State
Illinois
Latitude
39.9220313
Longitude
-91.3010788

FAQs

What type of property is this?
Land - 18 Acres, 58 Rental Pads, High Potential
Where is the land located?
The property is located at 7200 State St Quincy, IL.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 18.32-acre commercial land parcel in Quincy, IL, at 7200 State Street, just outside city limits.; 58 existing rental pads provide immediate income.; Additional 20 acres of timbered land offers future development potential.
How can I contact the broker?
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7200 State St
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