The real estate market in Quincy and surrounding areas saw significant activity in late October, highlighted by a multi-million dollar commercial transaction and several high-value residential sales. Public property records reveal a diverse range of deals, from sprawling agricultural land to single-family homes and commercial lots, reflecting a dynamic local market.
Among the most notable sales was an 80-acre quarry property in Quincy, which sold for $2,000,000. This transaction, alongside a residential sale on Maine Street for $600,000, underscores the varied investment landscape in the region.
Key Takeaways
- A quarry with 80 acres in Quincy sold for $2,000,000 to Knox County Stone Company, Inc., marking the largest transaction in this period.
- A high-value residence at 1648 Maine Street in Quincy was purchased for $600,000.
- Multiple residential properties in Quincy sold for over $300,000, indicating strong demand in the upper-tier market.
- Transactions also included significant land sales, such as 42 acres in Liberty for $474,600.
- Commercial activity included the sale of a property on Maine Street for $325,000 and lots in Camp Point to a development company.
Landmark $2 Million Quarry Sale Dominates Market
The most substantial transaction recorded was the sale of an 80-acre quarry located in Quincy. According to public records filed on October 28, the Joseph & Marilyn Meyer Family Trust sold the property to Knox County Stone Company, Inc., a Davenport, Iowa-based firm, for $2,000,000.
This sale represents a significant commercial investment in the area's natural resources and industrial capacity. Such large-scale acquisitions often signal confidence in the regional economy and future development prospects.
Understanding Property Records
The details of these sales are sourced from Illinois Real Estate Transfer Declaration forms. These public documents are filed with each property transaction, providing transparent information on buyers, sellers, and sale prices. The dates reflect when the documents were processed and may not be the exact date of the final agreement.
High-End Residential Market Shows Strength
The residential sector in Quincy also demonstrated considerable strength, particularly at the higher end of the market. Several homes sold for well over a quarter of a million dollars, with one property reaching $600,000.
On October 23, a residence at 1648 Maine in Quincy was sold by Robert M. Clayton, III of Hannibal, Mo., to Jon R. Morrison and Carla Morrison of Quincy for $600,000. This sale was one of the largest residential transactions in the area during this period.
Other Notable Six-Figure Home Sales
Beyond the top sale, the market for homes priced between $300,000 and $400,000 was particularly active. These transactions point to a healthy demand for premium properties in desirable Quincy neighborhoods.
- A residence at 1216 Sandstone Court was sold by Kimberley S. Shinn to Helen Jakay Steckler for $385,000 on October 30.
- Melissa M. Mann purchased a home at 1436 Hemingway Drive from trustees Roger L. Newell and Victoria A. Newell for $385,000 on October 20.
- Mark and Jana Warren acquired the property at 1838 W. Wilmar Drive from Penelope A. Marks for $350,000 on October 27.
- Elvin J. Churchill and Marlene K. Churchill bought a home at 1122 Stone Crest Villa Drive from Kristie J. Yetmar for $305,000 on October 28.
A Range of Prices: While high-end sales made headlines, the Quincy market also saw more accessible transactions. A home at 1313 Ohio sold for $63,250, and another at 1721 Lind sold for $80,000, showcasing the broad spectrum of property values across the city.
Activity Extends to Surrounding Communities and Land
The late October real estate market was not confined to Quincy's city limits. Significant sales of land and residential properties took place in nearby Camp Point, Liberty, and Fowler, indicating widespread activity across the county.
Land and Rural Properties
Agricultural and undeveloped land continues to be a valuable asset in the region. One of the largest land deals involved 42 acres in Liberty. John P. Henninger sold the parcel at 2138 N. 1150th Avenue to Clinton and Tracy Twaddle of Payson for $474,600 on October 30.
Another notable rural sale occurred in Liberty, where less than 100 percent interest in 70 acres was sold by Catherine A. Mikelson to Michael J. Steinkamp and Madeline C. Steinkamp for $196,000 on October 23.
Camp Point and Fowler Transactions
The town of Camp Point saw both residential and commercial development activity. ADL Design and Development, LLC acquired two lots on Main Street for a combined total of $33,000, suggesting plans for future construction.
Other key sales outside Quincy include:
- A residence and lot at 212 N. Eastview in Camp Point sold for $175,000.
- A home at 2217 N. 2000th Avenue in Camp Point was purchased for $159,000.
- In Fowler, a residence at 1418 S. Lakeshore Drive was sold to Texas-based Freseholdings, LLC for $89,900.
Commercial and Investment Properties Change Hands
Beyond the quarry sale, other commercial and investment transactions rounded out the market activity. In Quincy, United Community Credit Union sold a commercial property at 3633 Maine to Weisenburger Properties, LLC for $325,000 on October 27.
Investment activity was also evident with the sale of a residence at 2105 Jefferson to Upper Story Properties, LLC, a local Quincy firm, for $117,000. This purchase, along with the Fowler property sale to an out-of-state LLC, indicates that investors continue to see value in the regional housing market.
Overall, the transactions from late October paint a picture of a robust and multifaceted real estate market in and around Quincy, with strong activity across residential, commercial, and land sectors.
