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    796 Pearl St Galesburg, IL 61401

    For Sale
    $199,900

    Massive industrial space, endless possibilities.

    Property size:
    40,374 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional Galesburg, IL commercial property presents a unique investment opportunity. Boasting an impressive 40,374 square feet, this brick building sits on a 1.92-acre lot and is zoned M-1 (light industrial), offering a wide array of potential uses. Originally constructed by Burlington Northern Transportation Division, the building's robust concrete foundation was designed to support rail cars, a testament to its structural integrity. Key features include a convenient semi-loading dock, a substantial 14-foot street-level overhead door, thick steel support beams, and attractive skylights that flood the interior with natural light. The property also includes a large vault, multiple offices, a locker room, and a breakroom, providing ample space for various operational needs. A spacious parking lot across the street offers convenient parking for employees and customers. The attached document details the full list of permitted business types within the M-1 zoning. This property's size, location, and unique features make it an ideal choice for a diverse range of businesses seeking a large, versatile space with significant potential for growth and development. The asking price is $199,900. Don't miss this chance to acquire a truly remarkable commercial property.

    Property Features for 796 Pearl St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    40,374 SF
    Lot Size
    83,635 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Robbins Pallets Pallet Supplier

    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
    -90.36031
    Latitude
    40.93788

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    FAQs

    What type of property is this?
    Commercial real estate - Massive industrial space, endless possibilities.
    Where is this commercial real estate located?
    The property is located at 796 Pearl St Galesburg, IL.
    What is the asking price?
    The asking price for this property is $199,900.
    Request Owner's contact information
    796 Pearl St Galesburg, IL 61401
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    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
    796 Pearl St Galesburg, IL 61401
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