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Flex Space with Retail and Warehouse
For Sale
$850,000

1233 N Franklin Street, Galena, IL 61036

COMMERCIAL/INDUSTRIAL, GALENA, IL

Property Size6,000 SF
Lot Size1.68 Acres
Price / SF$141.67
Days on Market453

Property Features for 1233 N Franklin Street

General Information

Property type Commercial Sale
Property subtype Other
Elementary school district Galena
Middle school district Galena
High school district Galena
Standard status Active
APN 2220006210
Size 6,000 SF
Lot size 1.68 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 12217

Utilities

Heating system Forced Air, Natural Gas
Cooling system Central Air

Building Details

Year built 1960
Flooring type Carpet, Concrete
Roof type Metal, Rubber
Listing Agency: DC Rise Real Estate
Listed By: DIANE SELF · License #475104134
Added: Jun 2, 2025 Changed: Aug 19 Last Checked: Aug 28 at 7:06PM
MLS# 202502944

Copyright © 2026 NorthWest Illinois Alliance of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This flex-space property combines 6,000 square feet of retail area with an additional 3,750 square feet of warehouse space. The interior includes carpet and concrete flooring, while forced-air heating with natural gas and central air conditioning provide building systems. Metal and rubber roofing are installed, and the structure dates to 1960.

Set on 1.68 acres at 1233 N Franklin Street in Galena, Illinois, the property includes more than 60,000 square feet of dedicated parking. The configuration brings together public-facing space, storage or operational area, and extensive on-site parking within a single commercial property.

Key Highlights

  • 6,000 square feet of retail space
  • 3,750 square feet of warehouse area
  • More than 60,000 square feet of dedicated parking

Property Analytics

Current Use

Muehleip's Home Furnishings Furniture & Home Goods

Suggested Use

Top Pick Auto Repair Shop Electrical Service Storage Facility Auto Parts Store Kitchen & Bath Showroom Dental Office

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

222
Businesses Nearby
Well-served
Demand for This Use

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

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Similar Off Market Nearby

  • Hummingbird House Events & Catering 420 Elk St, Galena, IL 61036
  • Victory Catering 238 Council Fire Cir, Galena, IL 61036

Frequently Asked Questions

What type of property is this?
Flex space - Combined customer-facing and warehouse areas support varied commercial operations with substantial dedicated parking.
Where is this flex space located?
The property is located at 1233 N Franklin Street Galena, IL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 6,000 square feet of retail space; 3,750 square feet of warehouse area; More than 60,000 square feet of dedicated parking
More about this property
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