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    23 Farnham St Galesburg, IL 61401

    Sponsored
    For Lease
    Contact for pricing

    1,500 SF Retail Space, Ample Parking

    Lot size:
    1,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1,500-square-foot retail space, located at 23 N. Farnham in Galesburg, Illinois, presents a remarkable opportunity for businesses seeking a prime location. The property is a single-tenant strip center offering a versatile, customizable layout ideal for a variety of retail uses. The building boasts ample parking with 40 spaces, ensuring convenient access for both employees and customers. Its strategic location within Galesburg guarantees high visibility and easy accessibility, maximizing exposure to potential clientele. The property is professionally managed and meticulously maintained, providing a conducive and attractive environment for tenants. The entire 1,500 square feet is currently vacant, offering a blank canvas for a new business to establish its presence or for an existing business to relocate and expand. This turnkey solution combines a desirable location with a functional and well-maintained space, creating an ideal setting for growth and success in the thriving Galesburg market. The property's features are designed to attract customers and foster a positive business environment. Don't miss this chance to secure a prominent retail space in a vibrant community.

    Property Features for 23 Farnham St

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,500 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    1,500 SF

    HighLights

    • 1,500 SF retail space in a single‑tenant strip center.
    • Fully vacant, 1,500 SF available for lease.
    • 40 parking spaces available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Galesburg
    County
    Knox
    State
    Illinois
    Longitude
    -90.3450167
    Latitude
    40.9476425

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    Nearby Similar for Lease

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      Retail Space Available For Lease

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      Office Space Available For Rent

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    FAQs

    What type of property is this?
    Neighborhood center - 1,500 SF Retail Space, Ample Parking
    Where is this neighborhood center located?
    The property is located at 23 Farnham St Galesburg, IL.
    What are key features of this property?
    This property features: 1,500 SF retail space in a single-tenant strip center.; Fully vacant, 1,500 SF available for lease.; 40 parking spaces available.
    Request Owner's contact information
    23 Farnham St Galesburg, IL 61401
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    Galesburg, IL 61401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    23 Farnham St Galesburg, IL 61401
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