Commercial Land with Existing
For Sale
$750,000
239 S Cherry Street, Galesburg, IL 61401
Enterprise Zone redevelopment site with substantial existing structures, resident-room capacity, and on-site parking improvements.
Property SizeContact for details
Days on Market545
Property Features for 239 S Cherry Street
General Information
Standard status
Active
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$20,122
Building Details
Year Built
1912
Listing Agency:
Real Broker, LLC
(708) 887-2488
Listed By:
Ubaldo Diaz · License #475155656
(708) 887-2488
Source:
Exitrealty
Added: Mar 4, 2025
Changed: Aug 29
Last Checked: Aug 30 at 4:39PM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
This 2.7-acre commercial land offering includes approximately 139,192 square feet across a vacant property developed in 1912. Existing components include 168 resident rooms, a Living Center, and a separate Boiler/Laundry Facility, along with asphalt and concrete parking accommodating at least 45 vehicles. The improvements provide a substantial base for redevelopment while preserving the site's existing institutional scale.
The property is located at 239 S Cherry Street in Galesburg, directly across from the Knox County Courthouse and Knox College. It is also positioned near downtown Galesburg's dining, shopping, and entertainment amenities. The site lies within an Enterprise Zone and has been associated with prior hospital and living-center uses.
The property is located at 239 S Cherry Street in Galesburg, directly across from the Knox County Courthouse and Knox College. It is also positioned near downtown Galesburg's dining, shopping, and entertainment amenities. The site lies within an Enterprise Zone and has been associated with prior hospital and living-center uses.
Key Highlights
- 2.7‑acre commercial land site with approximately 139,192 square feet of existing improvements
- 168 total resident rooms, plus a Living Center and Boiler/Laundry Facility
- Vacant property originally built in 1912
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,236
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Enterprise Zone redevelopment site with substantial existing structures, resident-room capacity, and on-site parking improvements.
Where is this commercial land located?
The property is located at 239 S Cherry Street Galesburg, IL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 2.7‑acre commercial land site with approximately 139,192 square feet of existing improvements; 168 total resident rooms, plus a Living Center and Boiler/Laundry Facility; Vacant property originally built in 1912
