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    997 Galena Square Dr Galena, IL 61036

    Sponsored
    For Lease
    $8 SF/Yr ($5,504 /Mo)

    Prime Galena retail/office space available.

    Lot size:
    8,257 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 4,065 square foot executive office space is situated within Galena Square, the city's premier shopping center, in Galena, Illinois. Located at 997 Galena Square Drive, zip code 61036, this single-tenant space offers a fantastic opportunity for businesses seeking a high-visibility location. The property boasts a total building size of 8,257 square feet and sits on a generous 5.9-acre lot (APN: 43-22-200-079-04). Its convenient location next to Piggy Wiggly ensures high foot traffic and excellent brand exposure. The space is currently vacant and ready for immediate occupancy. A minimum five-year lease is required. The asking rent is $8.00 per square foot, with estimated annual net, net, net (NNN) charges of approximately $3.85 per square foot. This property is classified as Retail and Restaurant, with an Executive Office subtype. The property's prime location, ample space, and proximity to a major grocery store make it an ideal choice for a variety of businesses. This is a rare opportunity to establish a presence in Galena's most desirable commercial location. Contact us today to schedule a viewing and explore the possibilities.

    Property Features for 997 Galena Square Dr

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,257 SF
    Total Rate
    5504.67

    Unit(s) available at that property

    Space
    Size
    4,065 SF
    Rate per SF
    $8
    Property Profile Location Intelligence

    Current Use by Public Records

    Piggly Wiggly Grocery Store Tammy's Blooming Basket ... Florist Tammy's Piggly Wiggly ... Wedding Bakery Western Union Money Transfer Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Galena
    County
    Jo Daviess
    State
    Illinois
    Longitude
    -90.441732577094
    Latitude
    42.42281956396

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    FAQs

    What type of property is this?
    Restaurant - Prime Galena retail/office space available.
    Where is this restaurant located?
    The property is located at 997 Galena Square Dr Galena, IL.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    Request Owner's contact information
    997 Galena Square Dr Galena, IL 61036
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    Galena, IL 61036
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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
    997 Galena Square Dr Galena, IL 61036
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