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Flex Space, Banquet Hall, Restaurant, Offices 516 Maine St 3,984 SF Flex Building Quincy, IL 62301 $332,500 ($83.46/SF)
Executive Summary
516 Maine Street, Quincy, IL 62301, is a versatile commercial property located in Quincy’s Downtown Business District (D1 Zoning) and within a TIF District. The two-story building contains approximately 3,894 square feet and features a well-maintained, full-service commercial kitchen complete with a hood and exhaust system, along with a grease trap located in the basement. The first floor offers a functional layout with a centrally positioned bar and seating area accommodating approximately 19 patrons, while the front banquet/event space provides seating for up to 128 guests. With a narrow footprint of approximately 22 feet in width, the property is well suited for restaurant, banquet, retail, office, or mixed-use redevelopment. The second floor is currently vacant and closed off, presenting future expansion opportunities. The basement is partially improved with concrete flooring, while the remaining area consists of a dirt floor, and both the first floor and basement benefit from rear access. Additional improvements include a membrane roof installed in 2013. This property presents an excellent opportunity for an owner-user or investor seeking a downtown location with existing infrastructure and redevelopment potential.
Property Facts
| Price | $332,500 | Lot Size | 0.10 AC |
| Price Per SF | $83.46 | Rentable Building Area | 3,984 SF |
| Sale Type | Owner User | No. Stories | 2 |
| Property Type | Flex | Year Built/Renovated | 1940/2025 |
| Building Class | C | Tenancy | Single |
| Zoning | D1 - Downtown | ||
| Price | $332,500 |
| Price Per SF | $83.46 |
| Sale Type | Owner User |
| Property Type | Flex |
| Building Class | C |
| Lot Size | 0.10 AC |
| Rentable Building Area | 3,984 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1940/2025 |
| Tenancy | Single |
| Zoning | D1 - Downtown |
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Moderately walkable
60/100
Moderately drivable
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 23-1-0330-000-00 | Improvements Assessment | $29,280 |
| Land Assessment | $9,860 | Total Assessment | $39,140 |
Property Taxes
Parcel Number
23-1-0330-000-00
Land Assessment
$9,860
Improvements Assessment
$29,280
Total Assessment
$39,140
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Flex Space, Banquet Hall, Restaurant, Offices | 516 Maine St