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    14 Seminary Sq Galesburg, IL 61401

    Sponsored
    For Sale
    $1,000,000

    Prime 3.99-acre commercial lot, high visibility.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional 3.99-acre commercial parcel presents a unique investment opportunity in Galesburg, Illinois. Strategically located at 14 N Seminary Square, the property boasts excellent visibility and accessibility, situated on a corner lot. Its commercial zoning allows for a wide range of development possibilities, including hotels, restaurants, office buildings, medical facilities, and retail establishments. The site's prime location offers significant advantages, with close proximity to major retail anchors such as Menards and Walmart, numerous restaurants, and a hospital. This ensures high traffic volume and convenient access for potential businesses. The property's easy access to the I-34 and I-74 corridors further enhances its appeal, providing convenient transportation links for employees, customers, and suppliers. This is an ideal location for businesses seeking high visibility, strong foot traffic, and convenient access to major transportation routes. The expansive acreage provides ample space for substantial development, catering to a variety of commercial ventures. Given its location and zoning, this property represents a compelling investment opportunity with significant potential for future growth and profitability. The asking price is $1,000,000. Serious inquiries are encouraged.

    Property Features for 14 Seminary Sq

    General Information

    Property type
    Other commercial real estate
    Lot Size
    173,804 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Galesburg
    County
    Knox
    State
    Illinois
    Longitude
    -90.36472
    Latitude
    40.94765

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    FAQs

    What type of property is this?
    Commercial real estate - Prime 3.99-acre commercial lot, high visibility.
    Where is this commercial real estate located?
    The property is located at 14 Seminary Sq Galesburg, IL.
    What is the asking price?
    The asking price for this property is $1,000,000.
    Request Owner's contact information
    14 Seminary Sq Galesburg, IL 61401
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    Realmo Value Estimation

    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.

    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.

    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
    14 Seminary Sq Galesburg, IL 61401
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