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    468 Berrien St Galesburg, IL 61401

    Sponsored
    For Sale
    $600,000

    17,250 SF Multi-Use Commercial Property

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Galesburg, Illinois commercial property presents a unique investment opportunity. Priced at $600,000, this 17,250 square foot building offers a versatile blend of retail, warehouse, office, showroom, and storage space. Situated at 468 E BERRIEN Street, 61401, the property boasts an excellent location, providing easy access to both downtown Galesburg and the city's south side. The building consists of twenty structures and sits on land zoned M-1 Light Industrial, allowing for a wide range of uses. Potential uses include, but are not limited to, light manufacturing, retail operations, storage facilities, and more. This adaptable space presents significant potential for various business ventures, making it an attractive investment for entrepreneurs and established businesses alike. The property's prime location and flexible zoning regulations offer a compelling combination for long-term growth and profitability. This is a rare opportunity to acquire a substantial commercial property in a thriving Illinois market. The property's size and diverse functionality make it suitable for a variety of business models, offering significant potential for return on investment. Don't miss this chance to own a piece of Galesburg's commercial landscape.

    Property Features for 468 Berrien St

    General Information

    Property type
    Flex space

    Building Details

    Buildings
    20

    HighLights

    • $600,000 asking price.
    • 17,250 square feet of combined retail, warehouse, office, and storage space.
    • M‑1 Light Industrial zoning, suitable for various uses.
    • Excellent Galesburg location, convenient to downtown and the south side.
    Property Profile Location Intelligence

    Current Use by Public Records

    People's Do it ... Hardware Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Galesburg
    County
    Knox
    State
    Illinois
    Longitude
    -90.3632438
    Latitude
    40.9423207

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    FAQs

    What type of property is this?
    Flex space - 17,250 SF Multi-Use Commercial Property
    Where is this flex space located?
    The property is located at 468 Berrien St Galesburg, IL.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: $600,000 asking price.; 17,250 square feet of combined retail, warehouse, office, and storage space.; M-1 Light Industrial zoning, suitable for various uses.
    Request Owner's contact information
    468 Berrien 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
    468 Berrien St Galesburg, IL 61401
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