Walmart-Shadow-Anchored Shopping
New
For Sale
$4,300,000
506 Knox Square Dr, Galesburg, IL 61401
Established retail center serving the Galesburg market with a nationally recognized adjacent shopping draw.
Property Size17,170 SF
Price / SF$250.44
Days on Market7
Property Features for 506 Knox Square Dr
General Information
Standard status
Active
Size
17,170 SF
Property subtype
Office
Additional Details
Cap Rate
7.38%
Amenities
Shadow-Anchored by a High-Performing Walmart Supercenter
100 Percent Leased with Original Tenancy Since Delivery
Embedded Rent Growth Through Contractual Increases and Options
Building Details
Building Size
17,170 SF
Year Built
2017
Listing Agency:
Marcus & Millichap
(314) 889-2570
Listed By:
Austin Pellegrino · License #License(s): MO: 2024042435
(314) 889-2570
Source:
Marcusmillichap
Added: Aug 23
Changed: Aug 29
Last Checked: Aug 29 at 11:42AM
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 Marcus & Millichap
Investment Insights
Based on property information with market context.
The Shops at Seminary is a 17,170-square-foot shopping center completed in 2017. The retail property benefits from Walmart shadow anchoring, providing an established commercial setting for storefront and shopping-center uses.
Located at 506 Knox Square Dr in Galesburg, Illinois, the center is positioned within the Knox Square commercial area. The property is offered for sale as a fee simple interest.
Located at 506 Knox Square Dr in Galesburg, Illinois, the center is positioned within the Knox Square commercial area. The property is offered for sale as a fee simple interest.
Key Highlights
- 17,170‑square‑foot shopping center
- Walmart shadow‑anchored retail setting
- Built in 2017
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
524
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Established retail center serving the Galesburg market with a nationally recognized adjacent shopping draw.
Where is this shopping center located?
The property is located at 506 Knox Square Dr Galesburg, IL.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: 17,170‑square‑foot shopping center; Walmart shadow‑anchored retail setting; Built in 2017
