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    1995 National Blvd Galesburg, IL 61401

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    For Sale
    $10,850,000

    Retail center in primary corridor, renovated in 2018.

    Property size:
    75,651 SF
    Lot size:
    6.63 Acres

    Property Features for 1995 National Blvd

    General Information

    Size
    75,651 SF
    Lot size
    6.63 Acres

    Source: Northmarq | Chicago (East Wacker Dr) Agent Mark Hellwig

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Galesburg Retail Center For Sale

    This retail property, renovated in 2018, is located in the primary retail corridor of Galesburg. The property is anchored by HyVee and is near other tenants including Target, Lowe's, Tractor Supply Co, Starbucks, Wells Fargo, Applebee's, and Rent-A-Center. The tenant mix includes Marshall's, Five Below, Harbor Freight Tools, Dollar Tree, and PetSmart, all under 10-year leases. The property offers a diverse tenant mix with an average weighted lease term of 3 years and 7 months remaining. The property has a size of 75651 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    PetSmart Pet Supply Store TagWorks Pet Supply Store PetSmart Dog Training Dog Trainer PetSmart Grooming Pet Groomer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

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    Location Insight

    • Map
    • Local Demand
    City
    Galesburg
    County
    Knox
    State
    Illinois
    Longitude
    -90.3807756
    Latitude
    40.9726705

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    FAQs

    What type of property is this?
    Shopping center - Retail center in primary corridor, renovated in 2018.
    Where is this shopping center located?
    The property is located at 1995 National Blvd Galesburg, IL.
    What is the asking price?
    The asking price for this property is $10,850,000.
    What are key features of this property?
    This property features: - Features **10-year leases to national tenants**: Marshall's, Five Below, Harbor Freight Tools, Dollar Tree, and PetSmart.; - Located in the primary retail corridor of Galesburg, near Target, Lowe's, Tractor Supply Co, Starbucks, Wells Fargo, Applebee's, and Rent-A-Center.; - Adjacent to HyVee grocery store.
    (312) 240-0127
    Request Owner's contact information
    1995 National Blvd 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
    1995 National Blvd Galesburg, IL 61401
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