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

503 Knox Square Drive, Galesburg, IL 61401

Established tenant roster spans financial, personal-service, and retail operators.

Property Size18,120 SF
Days on Market104

Property Features for 503 Knox Square Drive

General Information

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

Additional Details

Highway Access Yes

Building Details

Building Size 18,120 SF
Year Built 2017
Tenancy Multi
Listing Agency: NAI Ruhl Commercial Company
Listed By: Shawn Langan · License #475162291
Source: Birdrealtysells
Added: May 1 Changed: Aug 12 Last Checked: Aug 12 at 3:46AM

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.

Built in 2017, this fully occupied strip mall is part of the Seminary Square Commercial development at 503 Knox Square Drive. The tenant lineup includes World Finance, VIP Nails, Armed Forces Career Center, OneMain Financial, Verizon, Great Clips, State Farm, ImpactLife, and Sun Loan, creating a mix of financial services, personal care, communications, insurance, and other service-oriented retail uses.

The property sits within Galesburg’s established retail corridor near Walmart Supercenter, Aldi, and Menards. Access to I-74, US-34, and the Kansas City-Chicago Expressway provides connectivity to the surrounding market. The diversified occupancy and broad range of operating businesses make this a stabilized retail property with an established commercial presence.

Key Highlights

  • Fully occupied strip mall at 503 Knox Square Drive, Galesburg, IL 61401
  • Built in 2017 within the Seminary Square Commercial development
  • Nine identified tenants across financial, personal‑service, communications, insurance, 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

557
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 - Established tenant roster spans financial, personal-service, and retail operators.
Where is this strip mall located?
The property is located at 503 Knox Square Drive 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: Fully occupied strip mall at 503 Knox Square Drive, Galesburg, IL 61401; Built in 2017 within the Seminary Square Commercial development; Nine identified tenants across financial, personal‑service, communications, insurance, and retail uses
More about this property
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