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    2028 Seminary St Galesburg, IL 61401

    For Sale
    $1,450,000

    High-traffic location, endless potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional 14.03-acre commercial property at 2028 N Seminary Street in Galesburg, Illinois, presents a remarkable investment opportunity. Located on a high-traffic road, this land boasts unparalleled visibility and accessibility, ensuring maximum exposure for any development. Its strategic position directly adjacent to a newly constructed 14,000 square foot medical clinic guarantees a steady flow of potential customers and residents. The property's proximity to numerous chain retailers, financial institutions, and restaurants further enhances its desirability and potential for success. This versatile parcel offers endless possibilities for developers seeking to create a thriving commercial center or a new residential community. The high volume of traffic and convenient location guarantee a steady stream of potential customers or residents, making this an ideal site for a variety of commercial ventures or residential projects. The property's size and location make it an attractive investment for those seeking to capitalize on the growing demand for commercial and residential space in Galesburg. An adjoining parcel is also available for purchase, offering the potential for even larger-scale development. This is a rare opportunity to acquire a prime piece of real estate in a rapidly developing area. The asking price is $1,450,000.

    Property Features for 2028 Seminary St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    611,147 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Graham Medical Group ... Medical Office

    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
    -90.36646
    Latitude
    40.97421

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, endless potential.
    Where is this commercial real estate located?
    The property is located at 2028 Seminary St Galesburg, IL.
    What is the asking price?
    The asking price for this property is $1,450,000.
    Request Owner's contact information
    2028 Seminary 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
    2028 Seminary St Galesburg, IL 61401
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