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Vacant Bank Drive-Thru Site
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1550 W Galena Ave, Freeport, IL 61032

Vacant bank branch on a large corner lot with a three-lane drive-thru along a main commercial thoroughfare.

Property SizeContact for details
Days on Market119

Property Features for 1550 W Galena Ave

General Information

Standard status Active
Property subtype Retail
Listing Agency: Cushman & Wakefield - Nashville, Tennessee
Listed By: Evan Halkias · License #IL 475120259
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 23 at 4:06PM

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 Cushman & Wakefield - Nashville, Tennessee

Investment Insights

Based on property information with market context.

This vacant bank branch is situated on a large corner lot and includes a three-lane drive-thru configuration. The property is being offered for sale as a turn-key retail/banking facility site.

The location is at the northeast corner of W Galena Ave and N Park Blvd in Freeport, Illinois, along a main commercial thoroughfare. Freeport is 27 miles west of Rockford.

The asset’s primary improvements consist of the bank building and drive-thru facilities supporting customer vehicle access from the main road frontage.

Key Highlights

  • Vacant bank branch located on a large corner lot.
  • Includes a three‑lane drive‑thru.
  • Situated at the northeast corner of W Galena Ave and N Park Blvd.

Property Analytics

Current Use

Banks

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Restaurant Dental Office Spa & Massage Center

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

460
Businesses Nearby
43k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 43% Shops & Services 39% Apparel 15% Beauty & Spa 3%
McDonald's Dining
18,525 visits/mo 0.2 miles
Dollar General Shops & Services
7,252 visits/mo 0.0 miles
Goodwill Apparel
6,638 visits/mo 0.2 miles
Shell Shops & Services
5,530 visits/mo 0.3 miles
Marathon Shops & Services
3,885 visits/mo 0.3 miles

Demographics for 61032, IL

29,110
Population
14,685
Households
2
Avg Household Size
46
Median Age
20%
College-Educated
91%
High-School Grad
148.7 sq mi
ZIP Area
196
Density / Sq Mi
$54,179
Median Household Income
$34,893
Median Earnings
$769
Median Rent
$106,800
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Bank - Vacant bank branch on a large corner lot with a three-lane drive-thru along a main commercial thoroughfare.
Where is this bank located?
The property is located at 1550 W Galena Ave Freeport, IL.
What are key features of this property?
This property features: Vacant bank branch located on a large corner lot.; Includes a three‑lane drive‑thru.; Situated at the northeast corner of W Galena Ave and N Park Blvd.
(630) 954-7398 Call to check price and availability
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