Renovated Historic Commercial Building
located in active downtown
| Start Price |
USD 425,000.00 |
| Current Price |
USD 425,000.00 |
| Time Left |
- |
| Bid Count |
0 |
| Buy It Now Price |
- |
| Reserve Price |
- |
| Start Time |
Sunday, July 13, 2008 |
| End Time |
Tuesday, August 12, 2008 |
| Location |
Quincy, IL |
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See more about 'Renovated Historic Commercial Building'
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Description
HIGH AND DRY IN THE HISTORIC QUINCY BUSINESS DISTRICT The Schott Building was designed in the Romanesque Revival style by prominent Quincy architect John Batschy in 1893. Its four floors served a variety of businesses, including the legendary Busy Bee Mercantile store from 1929 to 2004. In 2005, the building was purchased and extensive renovations undertaken. The property has won numerous awards from local preservation groups and also the State of Illinois. The building is currently vacant and offers tremendous development potential. The first floor was most recently a restaurant and could be opened immediately. The first floor could also be subdivided for a restaurant/bar/lounge tenant in one section and high-quality commercial space with great visibility. Another section of the property may also be available for purchase, and currently houses 2 commercial tenants. The first floor was completely renovated and remodeled to take advantage of the historic commercial interiors, which feature cast iron columns, original tin ceilings throughout, skylights, and historic wood and tile floors. The upper floors offer both city and river views and feature original wood windows (many have been restored), butternut woodwork throughout (intact and unpainted), and high ceilings. The upper floors are accessed separately from the ground floor tenant spaces, and could be converted into housing units (see the city's rental property loan program) or commercial space. The original wrought iron elevator (not operational) is intact. Great parking, visibility, access, and character. ADDITIONAL PHOTOS HERE: (click photo) The Busy Bee building EXTENSIVE RENOVATION TO SPECTACULAR BUILDING all new electrical service - multiple rate metering all new plumbing all new high efficiency multi-zone heating and air-conditioning system (first floor) sprinkler system covering entire first floor, sized for expansion to upper floors facade tuckpointed, original windows rebuilt, etc. ADA accessible bathrooms (first floor) first floor built out for large restaurant and lounge in 2005 with three dining rooms, commercial kitchen with Ansul hood system, walk-in freezer, etc. partial new roof in 2005 full commercial kitchen (restaurant tenant) BUILDING CHARACTERISTICS Approximately 18,500 SF total not including basement. Approximately 5,000 SF per floor (floors 1-3), 3,500 (floor 4) plus 5,000 SF dry basement with brick floor and rear access High visibility with on and off-street parking (large rear lot) plus municipal parking lots at both front and rear of property Alley access to rear lot, loading area, and rear of building First floor currently leased to restaurant. Separate entrance to upper floors perfect for commercial or residential development. Historic cast-iron elevator (not functional) Large rear lot for parking, expansion, etc. LOCATION 2 blocks from Washington Park: site of Lincoln-Douglas debate, summer blues concerts, art faire, farmer's market, etc. 3 blocks from new $25 million dollar Salvation Army community center (aquatic and fitness center) 6 blocks from new riverfront development - $20 million dollar condo project 6 blocks from Blessing Hospital Approximately 5 hours from Chicago, 2 hours from St. Louis, 1.5 hours from Springfield Quincy is served by Amtrak trains (2 daily to Chicago) and air service (4 flights daily to St. Louis) PHOTOS HERE: http://picasaweb.google.com/617hampshire/617Hampshire DEVELOPMENT INCENTIVES: LOW TAXES - 2007 PROPERTY TAXES ARE UNDER $1800!!! This building is in the Enterprize Zone - includes Property Tax Abatement, Building Materials Sales Tax Exemption, Reduced Permit Fees, Jobs Tax Credits, Investment Tax Credits, Income Tax Deductions Low Interest and Economic Development loan programs - includes Adams County Revolving Loan Fund (3%), City of Quincy Economic Development Loan Program, Quincy Central Business District Commercial Revolving Loan Fund, Rural Adams Development Corp. Loan Program, Historic Building Tax Credits For additional information see these local sites: Great River Economic Development Foundation www.gredf.org, Historic Quincy Business District http://www.downtownquincy.com/ City of Quincy http://www.ci.quincy.il.us/PD/Development/Home.htm For building information contact us by email or phone: Nathaniel: 217-971-8656 or Rob: 217-257-9495 or 617hampshire@gmail.com
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