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    415-419 Main St Galesburg, IL 61401

    Sponsored
    For Sale
    $160,000

    8,000 sq ft, prime downtown location

    Property size:
    8,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional 8,000 square foot commercial property at 415-419 E Main Street in Galesburg, Illinois presents a unique investment opportunity. Situated in the heart of historic downtown Galesburg, this iconic brick building offers immense potential for a variety of uses. Currently configured as a mixed-use space, the property includes a thriving martial arts dojo occupying a significant portion of the ground floor. This area features finished storage, locker rooms, and an additional training room. The remaining ground floor space is currently leased as office space, complete with a break room, back room, and dressing room. The upper level comprises four large, adaptable spaces, ideal for a multitude of purposes. Imagine transforming these areas into a photography or video studio, expanding office space, creating a dance studio, or developing any other creative concept. The building's substantial size and central location provide unparalleled flexibility and visibility, making it an attractive proposition for both established businesses and ambitious entrepreneurs seeking a prominent downtown presence. The property is offered at $160,000. This represents a significant opportunity to acquire a substantial piece of Galesburg's rich commercial landscape. The building's solid construction and established tenancy provide a strong foundation for future growth and profitability.

    Property Features for 415-419 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    8,000 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Galesburg
    County
    Knox
    State
    Illinois
    Longitude
    -90.36433
    Latitude
    40.94758

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    FAQs

    What type of property is this?
    Commercial real estate - 8,000 sq ft, prime downtown location
    Where is this commercial real estate located?
    The property is located at 415-419 Main St Galesburg, IL.
    What is the asking price?
    The asking price for this property is $160,000.
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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
    415-419 Main St Galesburg, IL 61401
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