Building Details

Year Built 1978

Listing Agency: Ruhl & Ruhl Realtors

Listed By: Tri State Commercial Group . Show Phone

Source: Kwlegacyrealty

Added: Jul 23 Changed: Oct 15 Last Checked: Oct 7 at 4:35PM

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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 Ruhl & Ruhl Realtors

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Investment Insights

Based on property information with market context.

The available retail space comprises 1,655 square feet within a 5,655-square-foot building. Originally constructed in 1978, the property underwent rehabilitation and remodeling in 2019. The Riverview Center occupies 4,000 square feet, leaving the remaining area available for lease and ready for a new business. The owner may consider dividing the available space under suitable circumstances.

Located at 11358 Industrial Dr in Galena, Illinois, the property sees nearly 11,000 cars pass daily. The recently sealed and striped parking lot provides 53 parking spaces, supporting convenient access to the building.

Key Highlights

• 1,655 SqFt available for lease within a 5,655 SqFt building
• Building was rehabilitated and remodeled in 2019
• The Riverview Center leases 4,000 SqFt

Property Analytics

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Current Use

Riverview Center Social Service Agency The Fitness Foundry, LLC Gym & Fitness Center ATM Atm

Suggested Use

Top Pick Auto Repair Shop Electrical Service Plumbing Service Auto Parts Store Locksmith Storage Facility

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

Lease Details

NNN (Triple Net)

Lease Type

$3.15 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

127

Businesses Nearby

66k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Superstores 56% Dining 28% Shops & Services 16%

Walmart Superstores

37,037 visits/mo 0.4 miles

Culver's Dining

16,355 visits/mo 0.2 miles

Murphy USA Shops & Services

6,446 visits/mo 0.4 miles

Dupaco Community Credit Union Shops & Services

4,040 visits/mo 0.2 miles

SUBWAY Dining

2,075 visits/mo 0.5 miles

Demographics for 61036, IL

7,111

Population

5,187

Households

1.4

Avg Household Size

54

Median Age

46%

College-Educated

97%

High-School Grad

95.8 sq mi

ZIP Area

74

Density / Sq Mi

$80,574

Median Household Income

$51,507

Median Earnings

$758

Median Rent

$258,100

Median Home Value

Market

Lease Benchmarks for Galena, IL

$15.4 /SF/Yr

Avg Asking Price

$8–$21 /SF/Yr

Price Range

1,828 SF

Avg Space Size

This space is priced 36% above the average of $15.4 /SF/Yr.

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Similar For Rent Nearby

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Retail Space in Shopping Center

995 Galena Square Dr, Galena, IL 61036

Contact for pricing

2,000 sqft

View details

Flexible Retail-Oriented Flex Space

983 Galena Square, Galena, IL 61036

$15 SF/Yr

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Frequently Asked Questions

What type of property is this?

Retail space - The property features a recently sealed and striped parking lot with on-site parking.

Where is this retail space located?

The property is located at 11358 Industrial Dr Galena, IL.

What is the lease rate?

The lease rate is $21 SF/Yr.

What are key features of this property?

This property features: 1,655 SqFt available for lease within a 5,655 SqFt building; Building was rehabilitated and remodeled in 2019; The Riverview Center leases 4,000 SqFt