Fully Leased Neighborhood Shopping
For Sale
Contact for pricing
Pending
997 Galena Square Dr, Galena, IL 61036
Fully leased shopping center anchored by Piggly Wiggly with 10 tenants.
Property Size48,428 SF
Days on Market149
Property Features for 997 Galena Square Dr
General Information
Standard status
Pending
Size
48,428 SF
Property subtype
Mixed Use, Retail
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
7.2%
Building Details
Tenancy
Multi
Listing Agency:
Dubuque-Ruhl&Ruhl, Realtors
Listed By:
Aaron Healey · License #IA S59555
(563) 690-4226
Source:
Crexi
Added: Apr 11
Changed: Sep 3
Last Checked: Sep 5 at 8:36AM
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 Dubuque-Ruhl&Ruhl, Realtors
Investment Insights
Based on property information with market context.
The Galena Shopping Center is fully leased and includes 10 tenants, anchored by The Piggly Wiggly grocery store. Piggly Wiggly has a corporate lease on 32,338 square feet of the center’s 48,428 square feet. The property also presents potential for outlot development. The offering is presented at a 7.2% cap rate, and additional financial information will be provided to prospective buyers upon execution of a Confidentiality Agreement.
The center is located at a full stop light on Highway 20 and is positioned to benefit from established retail visibility. The parking lot was re-paved in 2022.
The center is located at a full stop light on Highway 20 and is positioned to benefit from established retail visibility. The parking lot was re-paved in 2022.
Key Highlights
- Galena Shopping Center is fully leased with 10 tenants
- Anchored by Piggly Wiggly with a corporate lease on 32,338 SF of the 48,428 SF shopping center
- Offered at a 7.2% CAP rate
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
254
Businesses Nearby
42k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 46%
Dining 34%
Groceries 17%
Electronics 2%
Galena
Shops & Services
19,035 visits/mo
0.2 miles
McDonald's
Dining
14,530 visits/mo
0.1 miles
Piggly Wiggly
Groceries
7,172 visits/mo
0.0 miles
U.S. Cellular
Electronics
1,008 visits/mo
0.0 miles
Napa Auto Parts
Shops & Services
463 visits/mo
0.2 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
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Fully leased shopping center anchored by Piggly Wiggly with 10 tenants.
Where is this shopping center located?
The property is located at 997 Galena Square Dr Galena, IL.
What are key features of this property?
This property features: Galena Shopping Center is fully leased with 10 tenants; Anchored by Piggly Wiggly with a corporate lease on 32,338 SF of the 48,428 SF shopping center; Offered at a 7.2% CAP rate
