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301 S 7th St 40,000 SF 100% Leased Flex Building Quincy, IL 62301 $1,954,077 CAD ($48.85 CAD/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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$77,884
|
$1.95
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$77,884
|
$1.95
|
| Taxes |
$13,189
|
$0.33
|
| Operating Expenses |
$13,110
|
$0.33
|
| Total Expenses |
$26,299
|
$0.66
|
| Net Operating Income |
$51,585
|
$1.29
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $77,884 |
| Annual Per SF | $1.95 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $77,884 |
| Annual Per SF | $1.95 |
| Taxes (CAD) | |
|---|---|
| Annual | $13,189 |
| Annual Per SF | $0.33 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $13,110 |
| Annual Per SF | $0.33 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $26,299 |
| Annual Per SF | $0.66 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $51,585 |
| Annual Per SF | $1.29 |
Property Facts
| Price | $1,954,077 CAD | Rentable Building Area | 40,000 SF |
| Price Per SF | $48.85 CAD | No. Stories | 3 |
| Sale Type | Investment or Owner User | Year Built/Renovated | 1840/2019 |
| Property Type | Flex | Clear Ceiling Height | 19’ |
| 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
|
| Zoning | D2 - Industrial | ||
| Price | $1,954,077 CAD |
| Price Per SF | $48.85 CAD |
| 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’ |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 2 |
| Opportunity Zone |
Yes |
| Zoning | D2 - Industrial |
Amenities
- 24 Hour Access
- Security System
- Signage
- Air Conditioning
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
1 1
Moderately walkable
60/100
Moderately drivable
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 23-1-0693-000-00 | Total Assessment | $217,080 CAD (2025) |
| Land Assessment | $43,723 CAD (2025) | Annual Taxes | $13,189 CAD ($0.33 CAD/SF) |
| Improvements Assessment | $173,357 CAD (2025) | Tax Year | 2023 Payable 2024 |
Property Taxes
Parcel Number
23-1-0693-000-00
Land Assessment
$43,723 CAD (2025)
Improvements Assessment
$173,357 CAD (2025)
Total Assessment
$217,080 CAD (2025)
Annual Taxes
$13,189 CAD ($0.33 CAD/SF)
Tax Year
2023 Payable 2024
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301 S 7th St
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