Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Wooded Homesite in Galena Territory Title is generated by Realmo AI

    447 Territory Drive, Galena, IL 61036

    View on Map
    Claim this Listing
    Pending
    Contact for pricing

    LAND - Galena, IL

    Type:Single Family Residence
    Lot size:
    1.46 Acres
    Added:
    Jan 13, 2026
    Days on Market:
    123
    Last Refresh:
    May 16 at 1:06 pm

    Property Features for 447 Territory Drive

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    Planned Public Subdivisio
    Standard status
    Pending
    APN
    08-420-011-00
    Lot size
    1.46 Acres

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Jackie Debes
    Jackie Debes

    Listing agent Jackie Debes

    Listing office Re/Max Prime Properties 117 Irvine St Suite B, Galena, IL

    Listing date Jan 13, 2026

    MLS# 153724 Listing URL

    Copyright © 2026 East Central Iowa Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Located in The Galena Territory.
    • Access to Galena Territory amenities: Owners club, indoor/outdoor pools, exercise facility, 33+ miles of hiking trails, tennis courts, private lake access, business center.
    • Scenic 1.46‑acre wooded homesite with phenomenal countryside views.
    • Water available.
    • Dining and spa options available within The Galena Territory.
    • Adjoining lot available for purchase (MLS #202502170).

    Overview

    This 1.46-acre homesite lot is available for sale in Galena, IL. The property is mostly wooded and offers scenic views of the surrounding countryside. Located in The Galena Territory, property owners have access to amenities including an owners club, indoor and outdoor swimming pools, an exercise facility, over 33 miles of hiking trails, tennis courts, private lake access, and a business center. Dining and spa options are also available within The Galena Territory. The property is subject to covenants, restrictions, and a transfer fee. The annual HOA fee is $1404. Another adjoining lot is also for sale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Gym & Fitness Center Hotel & Motel Clothing & Fashion Store Travel Agency Bed & Breakfast Restaurant (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Galena
    County
    Jo Daviess
    State
    Illinois
    Longitude
    -90.327058
    Latitude
    42.394286

    Nearby Similar for Sale

    • $13,500

      Residential Lot in Galena Territory

      0.63 acre lot in Galena Territory resort area.
      5 Washburne Ln, GALENA, IL 61036
      View Details
    • $24,000

      Residential Land Near Owners Club

      1.53 acre lot near Owners Club in Galena, Illinois.
      20 Wagoner, GALENA, IL 61036
      View Details
    • $120,000

      Land Near Galena Recreation Park

      Nearly 8 acres of land with potential home building sites.
      8244 Creek Crossing, GALENA, IL 61036
      View Details
    • $21,500

      Land in Galena Territory

      Residential lot in Galena, IL with available utilities.
      1138 North Clark, GALENA, IL 61036
      View Details
    • $381,000

      2.65 Acres in Galena, IL

      2.65 acres near Gateway Park with city utilities.
      Lot 2 US Hwy 20 W, GALENA, IL 61036
      View Details
    • $449,500

      Land Within Galena City Limits

      39.61 acres in Galena, offering development and recreational opportunities.
      39.61 Acres +/- TBD Donegan, GALENA, IL 61036
      View Details
    • $15,000

      Scenic Homesite in Galena Territory

      0.76-acre homesite with potential views in Galena, IL.
      4 Peninsula, GALENA, IL 61036
      View Details
    • $30,000

      Galena Territory Buildable Homesite

      Buildable homesite with views and access to community amenities.
      3 Beacon Trail, Galena, IL 61036
      View Details
    • $58,000

      Golf View Lot in Galena

      0.69 acre golf view lot in The Galena Territory.
      137 W Glen Hollow, GALENA, IL 61036
      View Details
    • $54,900

      Commercial Land in Galena, IL

      1.17-acre commercial parcel ready for your business venture.
      Oldenburg Lane, Galena, IL 61036-0000
      View Details
    • $35,000

      Galena Territory Home Site

      1.15-acre lot in Galena Territory with access to amenities.
      16 Bayberry, GALENA, IL 61036
      View Details
    • $140,000

      Wooded Homesite in Galena Territory

      Secluded 1.84-acre homesite near Eagle Ridge Resort & Spa.
      14 Cinnamon, GALENA, IL 61036
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.46 acre wooded homesite with access to Galena Territory amenities.
    Where is this residential land & home lot located?
    The property is located at 447 Territory Drive Galena, IL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Located in The Galena Territory.; Access to Galena Territory amenities: Owners club, indoor/outdoor pools, exercise facility, 33+ miles of hiking trails, tennis courts, private lake access, business center.; Scenic 1.46‑acre wooded homesite with phenomenal countryside views.
    (815) 291-8285
    We can help!
    Listing Contact
    Jackie Debes
    Jackie Debes
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    447 Territory Drive, Galena, IL 61036
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!