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Retail Space in Galesburg
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23 N Farnham St, Galesburg, IL 61401

Prime retail location in vibrant Galesburg community.

Space Size1,500 SF
Days on Market874

Property Features for 23 N Farnham St

General Information

Standard status Active
Size 1,500 SF
Property subtype RETAIL

Spaces For Lease

at 23 N Farnham St
23 N Farnham St AVAILABLE, Now
Floor 1
Size 1,500 SF
Type RETAIL
Rate Contact for pricing
Sublease No
Legacy Commercial Property has commercial real estate available at 23 N FARNHAM (9007) in Galesburg, IL. This well-managed retail or office space has very good visibility on the NE corner of N Farnham St & E Main St with up to 1500 SF available for lease. The building is in a well-established area with great on-site parking, over 40 spaces. The 1,500 SF building is located near the heart of the Galesburg business district and is ready for its next generation of retail. Space is also being marketed as a build to suit. This property is a well-known retail staple of the Galesburg community for years and offers landmark recognition & engaging signage. Give our Knox County commercial leasing agents a call at 847-904-9200 to learn more about about leasing options. This is the perfect opportunity to grow your business' footprint on the NE corner of N Farnham St & E Main St.
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Listing Agency: Legacy Commercial Property
Listed By: Legacy Commercial Property
Source: Moodyscre
Added: May 15, 2024 Changed: Sep 9 Last Checked: Oct 4 at 1:03PM

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 Legacy Commercial Property

Investment Insights

Based on property information with market context.

The property at 23 N. Farnham St is located in the vibrant Galesburg community. This location is near the Seminary Street District, known for its boutiques, eateries, and local retailers. The area hosts community events, drawing foot traffic. Galesburg has landmarks such as the Galesburg Railroad Museum and Lake Storey Park, providing entertainment and recreational opportunities. The property offers retailers an opportunity to become part of the Galesburg retail landscape. The location offers proximity to the Seminary Street Historic District, known for its boutiques, galleries, and dining establishments, providing a draw for retailers and visitors. The area showcases a blend of historical significance and modern appeal, offering a backdrop for thriving commercial enterprises. Surrounded by local history and cultural amenities, this location presents an opportunity for businesses seeking to become part of Galesburg's dynamic retail landscape.

Key Highlights

  • Prime location in the heart of Galesburg.
  • Proximity to the bustling Seminary Street District with boutiques and eateries.
  • High foot traffic due to community events.

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Dental Office Hair Salon Spa & Massage Center Parking Lot & Garage Kitchen & Bath Showroom

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

231
Businesses Nearby
84k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 44% Groceries 33% Shops & Services 18% Hotels & Casinos 4%
Hy-Vee Groceries
28,053 visits/mo 0.3 miles
McDonald's Dining
18,016 visits/mo 0.5 miles
Taco Bell Dining
10,897 visits/mo 0.3 miles
Phillips 66 Shops & Services
9,651 visits/mo 0.1 miles
Dollar General Shops & Services
5,814 visits/mo 0.5 miles

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
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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?
Retail space - Prime retail location in vibrant Galesburg community.
Where is this retail space located?
The property is located at 23 N Farnham St Galesburg, IL.
What are key features of this property?
This property features: Prime location in the heart of Galesburg.; Proximity to the bustling Seminary Street District with boutiques and eateries.; High foot traffic due to community events.
(847) 904-9200 Call to check price and availability
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