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Mixed-Use Building with Freight Elevator

140 S Prairie Street, Galesburg, IL 61401

For Sale
New
Contact for pricing

A multi-level property with two existing tenants, a basement, and an indoor loading dock.

Property Size22,000 SF
Price / SF$11.36
Days on Market7

Property Features for 140 S Prairie Street

General Information

Standard status Active
Size 22,000 SF
Elevators Yes
Property subtype Industrial, Retail, Office

Additional Details

Tenant in Place Yes

Amenities

glass-front entrance
indoor two stall loading dock
expansive basement

Building Details

Buildings 1
Building Size 22,000 SF
Tenancy Multi
Listing Agency: Century 21 Tucker Swanson
Listed By: Kori Jensen · License IL #471020928
Source: Crexi
Added: Nov 5 Changed: Nov 10 Last Checked: Nov 10 at 2:24PM

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 Century 21 Tucker Swanson

Rey
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Investment Insights

Based on property information with market context.

This multi-level mixed-use property contains approximately 22,000 square feet and currently accommodates two tenants. A glass-front entry, indoor two-stall loading dock, and freight elevator serve the building, while the basement provides additional space. The property previously housed newspaper publishing and production operations, and its layout spans a range of commercial areas.

At 140 S Prairie Street in downtown Galesburg, the building is among downtown shops, restaurants, and businesses. Public parking is nearby.

Key Highlights

  • Approximately 22,000 square feet across multiple levels
  • Two current tenants
  • Indoor two‑stall loading dock and freight elevator

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Galesburg Register-Mail Publishing House Paper Gym & Fitness Center The Galesburg Antiques Mall ... Home Decor Store

Suggested Use

Top Pick Real Estate Agency Dental Office (Bike/Boat/Book/etc) Store Daycare Center Florist Auto Parts Store

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,033
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - A multi-level property with two existing tenants, a basement, and an indoor loading dock.
Where is this mixed-use property located?
The property is located at 140 S Prairie Street Galesburg, IL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Approximately 22,000 square feet across multiple levels; Two current tenants; Indoor two‑stall loading dock and freight elevator
(309) 620-6428 Call to check price and availability
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