Quincy developer plans improvements after buying former Dollar General building on North 30th

QUINCY — A Quincy developer has bought the former Dollar General building at 330 N. 30th.

Quincy 330 LLC bought the building on May 31 for $280,000 from Anne Scherer of St. Louis, according to documents filed in the Adams County Recorder office this week. Spencer Schelp, the agent for the LLC, plans to make improvements on the site before putting it back on the market.

“It needs a parking lot resurfaced, and I’ll probably do something with floors inside, but really, the tenant will dictate what we need to do to (the property),” Schelp said.

A new Dollar General store opened Nov. 9, 2021 in the former Family Video store at 2000 Broadway, allowing for the closure of the Dollar General store at 330 N. 30th six days earlier. The lease on the building continues through the end of 2022.

The 6,480 square foot building has 25 parking spots, which Schelp says is perfect for a retailer, service business, rehab facility, fitness center, medical facility or restaurant. It was the site of a laundromat before it was converted into a Dollar General.

It is zoned C2 for general commercial, office and retail usage — “which means it’s pretty much wide open,” Schelp said.

“I’d like a single tenant triple net lease (a lease agreement on a property where the tenant or lessee pays all expenses of the property, including real estate taxes, building insurance and maintenance) from a national tenant,” he said. “I’d like (a business) that’s national and has strong credit, is going to get in there and stay there for a long time.

“It’s off Broadway, so it has good visibility, but you won’t have Broadway lease rates.”

More information about the property is available at Crexi, a commercial real estate website.