Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    513 Henderson St Galesburg, IL 61401

    Sponsored
    For Sale
    $100,000

    Prime Galesburg commercial lot, 0.58 acres.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.58-acre commercial land parcel, located at 513 N. Henderson St. in Galesburg, Illinois (APN: 99-10-301023), presents a compelling investment opportunity. Zoned B-1, this vacant lot boasts excellent visibility along Henderson Street, a key thoroughfare strategically positioned between Interstate 74 and US-34. Its proximity to the Galesburg downtown business district ensures high traffic volume and exposure to a diverse customer base. The property benefits from the presence of college student traffic, creating potential for various commercial ventures. While the sale includes some restrictions, this prime location offers significant potential for development and return on investment. The asking price is $100,000. The property's address is verified as 513 N Henderson St, Galesburg, IL 61401, situated in Knox County. The geographic coordinates are latitude 40.953519 and longitude -90.3828915. Serious inquiries are encouraged to explore the possibilities this unique property offers.

    Property Features for 513 Henderson St

    General Information

    Property type
    Land
    Lot Size
    25,265 SF

    HighLights

    • 0.58‑acre vacant lot in Galesburg, IL.
    • High visibility on N. Henderson St., a major thoroughfare between I‑74 and US‑34.
    • Excellent location near Galesburg's downtown and college, ensuring high traffic.
    Property Profile Location Intelligence

    Current Use by Public Records

    Galesburg Insurance Insurance Agency Rebecca Clark Agency Insurance Agency

    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
    -90.3828915
    Latitude
    40.953519

    Nearby Similar for Sale

    • $119,900

      Galesburg Multifamily Investment Opportunity

      Six-unit multifamily property in Galesburg, Illinois, with value-add potential.
      260 N Broad St, Galesburg, IL 61401
      View Details
    • $10,850,000
      75,651 SF

      Galesburg Retail Center For Sale

      Retail center in primary corridor, renovated in 2018.
      1995 National Blvd, Galesburg, IL 61401
      View Details
    • $1,450,000
      14.03 Acres

      Galesburg Commercial Development Land

      High-traffic location, endless potential.
      2028 Seminary St, Galesburg, IL 61401
      View Details
    • $199,900
      40,374 SF

      Galesburg Commercial Building - Huge Potential

      Massive industrial space, endless possibilities.
      796 Pearl St, Galesburg, IL 61401
      View Details
    • $499,000
      12,000 SF

      Galesburg Commercial Building - Turnkey Ready

      12,000 sq ft Banquet Facility, 2.54 Acres
      571 North St, Galesburg, IL 61401
      View Details
    • $40,000
      2,832 SF

      Galesburg Commercial Building - Great Potential

      Versatile Commercial Space, 2832 sq ft, $40,000
      600 Holton St, Galesburg, IL 61401
      View Details
    • $2,400,000
      86,000 SF

      Galesburg Warehouse: 86,000 SF

      Spacious warehouse, prime location, recent upgrades.
      888 Lake Storey Rd, Galesburg, IL 61401
      View Details
    • $160,000
      8,000 SF

      Historic Galesburg Commercial Building

      8,000 sq ft, prime downtown location
      415-419 Main St, Galesburg, IL 61401
      View Details
    • $550,000
      9.12 Acres

      Galesburg Commercial Development Land

      Prime Location, High Traffic, 9.12 Acres
      Carl Sandburg Dr, Galesburg, IL 61401
      View Details
    • $225,000
      1.55 Acres

      Galesburg Commercial Land Opportunity

      High-traffic, 1.5-acre lot, prime location.
      343 Home Blvd, Galesburg, IL 61401
      View Details
    • $195,000
      4,000 SF

      Galesburg Commercial Building - High Traffic

      4,000 sq ft, prime location, high visibility.
      1055 Henderson St, Galesburg, IL 61401
      View Details
    • $79,900
      986 SF

      Downtown Galesburg Commercial Building

      High-visibility corner lot, income-producing!
      127 Cherry St, Galesburg, IL 61401
      View Details

    FAQs

    What type of property is this?
    Land - Prime Galesburg commercial lot, 0.58 acres.
    Where is this land located?
    The property is located at 513 Henderson St Galesburg, IL.
    What is the asking price?
    The asking price for this property is $100,000.
    What are key features of this property?
    This property features: 0.58-acre vacant lot in Galesburg, IL.; High visibility on N. Henderson St., a major thoroughfare between I-74 and US-34.; Excellent location near Galesburg's downtown and college, ensuring high traffic.
    Request Owner's contact information
    513 Henderson St Galesburg, IL 61401
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    513 Henderson St
    Galesburg, IL 61401
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    513 Henderson St Galesburg, IL 61401
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.