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Fully Occupied Strip Center
For Sale
$5,900,000

503 Knox Square Dr, Galesburg, IL 61401

Built in 2017, the center houses a diversified mix of retail, financial, and personal-service tenants.

Property Size18,120 SF
Price / SF$325.61
Days on Market226

Property Features for 503 Knox Square Dr

General Information

Standard status Active
Size 18,120 SF
Property subtype Commercial
Occupancy 100%

Additional Details

Highway Access Yes

Building Details

Year Built 2017
Tenancy Multi
Listing Agency: NAI Ruhl Commercial Company
Listed By: Shawn Langan · License #S62759000
Source: Illianahomesource
Added: Jan 15 Changed: Aug 28 Last Checked: Aug 29 at 10:33AM

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 NAI Ruhl Commercial Company

Investment Insights

Based on property information with market context.

This 18,120-square-foot strip center was built in 2017 and is fully occupied. The tenant roster includes World Finance, VIP Nails, Armed Forces Career Center, OneMain Financial, Verizon, Great Clips, State Farm, ImpactLife, and Sun Loan, combining financial services, personal care, telecommunications, insurance, and other service-oriented retail uses.

The property is located at 503 Knox Square Dr in Galesburg’s Seminary Square Commercial development. It sits near Walmart Supercenter, Aldi, and Menards, with access to I-74, US-34, and the Kansas City–Chicago Expressway. The combination of established occupancy, multiple service categories, and nearby national retailers defines the property’s operating profile.

Key Highlights

  • 18,120‑square‑foot strip center built in 2017
  • Fully occupied with nine listed tenants
  • Tenant roster spans financial, personal‑service, insurance, telecommunications, and retail uses

Property Analytics

Current Use

Verizon Mobile Phone Store Justin Cook - State ... Insurance Agency OneMain Financial Loan Service Marine Corps Recruiting ... Military Recruiting Office VIP NAILS SALON ... Nail Salon

Suggested Use

Top Pick Real Estate Agency Building Supply Auto Repair Shop Electrical Service Law Firm Storage Facility

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

100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

513
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

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?
Strip mall - Built in 2017, the center houses a diversified mix of retail, financial, and personal-service tenants.
Where is this strip mall located?
The property is located at 503 Knox Square Dr Galesburg, IL.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: 18,120‑square‑foot strip center built in 2017; Fully occupied with nine listed tenants; Tenant roster spans financial, personal‑service, insurance, telecommunications, and retail uses
More about this property
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