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Retail Building on Main Road
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1055 N HENDERSON Street, Galesburg, IL 61401

Commercial building with high visibility and ample parking.

Property Size4,000 SF
Price / SF$43.75
Days on Market687

Property Features for 1055 N HENDERSON Street

General Information

Standard status Active
Size 4,000 SF
Property subtype Retail
Zoning B-1

Building Details

Buildings 1
Stories 1
Listing Agency: Platinum Key Real Estate, LLC
Listed By: Sara Varner · License #471020643
Source: Crexi
Added: Oct 4, 2024 Changed: Aug 19 Last Checked: Aug 18 at 11:15AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Platinum Key Real Estate, LLC

Investment Insights

Based on property information with market context.

This commercial building offers approximately 4,000 square feet of space, making it suitable for businesses seeking a visible location. The property features a large, open primary room and additional movable wall storage rooms. A new roof was installed in 2023, and most gutters and some plumbing were replaced in 2025. Located on a busy main road with an average daily traffic count of 14,500, the property benefits from high visibility and is surrounded by established retail and restaurant businesses, including McDonald’s, KFC, and Walgreens. Ample parking is available in the back of the building. Zoned B-1, the property is suitable for various businesses, including a clothing store, beauty shop, gift shop, professional office, or studio. Conditional uses also include a craft/hobby shop, furniture store, and rage room. A full list of potential businesses allowed under this zoning is available in the attached document.

Key Highlights

  • Prime location on a busy main road with high visibility (14,500 average daily traffic count).
  • Approximately 4,000 square feet of building space.
  • Zoned B‑1, allowing for a wide range of business types (clothing store, office, studio, etc.).

Property Analytics

Current Use

ALT Treasures Discount Store Klassy Kids & More Discount Store

Suggested Use

Top Pick Law Firm Real Estate Agency Auto Repair Shop Skin Care Clinic HVAC Service Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

482
Businesses Nearby

Demographics for 61401, IL

31,169
Population
15,449
Households
2
Avg Household Size
43
Median Age
21%
College-Educated
89%
High-School Grad
122.9 sq mi
ZIP Area
254
Density / Sq Mi
$47,728
Median Household Income
$30,501
Median Earnings
$724
Median Rent
$94,900
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Commercial building with high visibility and ample parking.
Where is this retail space located?
The property is located at 1055 N HENDERSON Street Galesburg, IL.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Prime location on a busy main road with **high visibility** (14,500 average daily traffic count).; Approximately 4,000 square feet of building space.; Zoned B‑1, allowing for a wide range of business types (clothing store, office, studio, etc.).
(309) 343-1186 Call to check price and availability
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