7200 STATE Street
Active Exceptional Investment Opportunity: This prime real estate includes 58 rental pads, presenting a significant value-add potential. Spanning over 18.32 acres, the main property also comes with an additional 20 acres rich in timber. Ideally situated just outside the Quincy, IL city limits, the property benefits from RU1 zoning. There are several value add opportunities that can be addressed quickly to raise income. Competitively priced at $925,000, the owner is highly motivated and open to negotiations for a prompt sale.
View full listing details| Price: | $925,000 |
|---|---|
| Address: | 7200 STATE Street |
| City: | Quincy |
| State: | Illinois |
| MLS: | CA1030411 |
| Acres: | 38.32 |
| Lot Square Feet: | 38.32 acres |
| forSale: | Yes |
|---|---|
| parcel2: | 20-0-0075-000-00 |
| taxYear: | 2022 |
| forLease: | No |
| apptPhone: | (217) 440-3100 |
| inputType: | CIE |
| agentOwned: | no |
| directions: | East on State Street, North on Timber Ridge Ln and before Lucinda Ln. |
| lvtDateMLS: | 2024-07-12 |
| locationMLS: | Rural |
| possibleUse: | Investment, Land & Farm, Other |
| frontageType: | City Street |
| parcelNumber: | 20-0-0134-000-00 |
| waterCompany: | District / Lagoon |
| searchPriceMLS: | 925000 |
| electricCompany: | Ameren |
| listOfficePhone: | 217-224-8383 |
| taxAnnualAmount: | 9610.92 |
| currentFinancing: | Cash Only, Conventional |
| listingAgreement: | Exclusive Right To Sell |
| 100YearFloodPlain: | No |
| firstPhotoAddDate: | 2024-07-12T20:21:50.3 |
| documentsAvailable: | Aerial Photos, Appraisal, Demographics, Leases, Legal Description, Other, Traffic Counts |
| agentRelatedToOwner: | no |
| confidentialListing: | MLS Listing |
| allowedUseCaseGroups: | IDX |
| addressSearchNumberMLS: | 7200 |
| actualNetOperatingIncome: | 68957 |
| listingVisibilityTypeMLS: | MLS Listing |
| internetConsumerCommentYN: | yes |
| agentIsDesignatedManagingBroker: | no |
| internetAutomatedValuationDisplayYN: | yes |
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The RMLS data on this page was last updated on Tuesday, November 5th, 2024.
Listed by: Happel, Inc., REALTORS Office: 217-224-8383
Data services provided by IDX Broker