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Galesburg Commercial Real Estate For Sale
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1066 N Henderson St, Galesburg, IL 61401

Commercial real estate with drive-thru, leased to Steak n Shake.

Property Size3,682 SF
Lot Size1.00 Acre
Price / SF$325.91
Days on Market1772

Property Features for 1066 N Henderson St

General Information

Standard status Active
Size 3,682 SF
Class A
Lot size 1.00 Acre
Property subtype Retail
Zoning B-1

Building Details

Year Built 1973
Listing Agency: Dahl Real Estate Co
Listed By: Jerry Dahl · License #Il 471002060
Source: Crexi
Added: Oct 4, 2021 Changed: Aug 8 Last Checked: Aug 8 at 4:34AM

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 Dahl Real Estate Co

Investment Insights

Based on property information with market context.

This commercial real estate property is located in Galesburg, Illinois. It features a 3,682-square-foot building with a drive-thru, situated on a 1-acre lot with 36,000 square feet of asphalt. The property is currently leased to Steak n Shake under a NNN lease, with over 3 years remaining and an option for an additional 5 years. The property is located next to McDonald's.

Key Highlights

  • Leased to Steak n Shake with a NNN lease, providing stable income
  • Prime commercial real estate location next to McDonald's
  • 1+ Acre lot with 36,000 sq. ft. of asphalt

Property Analytics

Current Use

Steak 'n Shake Restaurant

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

542
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?
Drive through restaurant - Commercial real estate with drive-thru, leased to Steak n Shake.
Where is this drive through restaurant located?
The property is located at 1066 N Henderson St Galesburg, IL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Leased to Steak n Shake with a NNN lease, providing stable income; Prime commercial real estate location next to McDonald's; 1+ Acre lot with 36,000 sq. ft. of asphalt
More about this property
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