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    251 Main St Galesburg, IL 61401

    Sponsored
    For Lease
    $10 SF/Yr

    Prime location, 1246 sq ft, single tenant.

    Lot size:
    1,246 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 251 E Main Street, offers a unique blend of retail and office space in the heart of the Downtown Business District. Situated conveniently between Kellogg and Prairie streets, this single-tenant building boasts 1,246 square feet of versatile space, ideal for a variety of businesses. The layout includes three individual offices (each 11 x 9 feet), a spacious front room (20 x 15 feet), a sizable conference room (13 x 22 feet), a functional kitchen (11 x 13 feet), and a rear room (13 x 13 feet). The property's zoning is commercial, and its APN is 99-10-483-022. The storefront location provides excellent street-level visibility and accessibility, making it an attractive option for businesses seeking high foot traffic. This property is perfect for a business needing a combination of private offices and open space. The single-tenant occupancy simplifies management and provides a cohesive work environment. This is a rare opportunity to acquire a well-positioned commercial property in a thriving downtown area. Don't miss out on this chance to establish your business in a prime location.

    Property Features for 251 Main St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,246 SF

    Unit(s) available at that property

    Space
    Size
    1,246 SF
    Rate per SF
    $10

    HighLights

    • Prime Main Street retail/office space, 1,246 sq. ft.
    • Single‑tenant occupancy.
    • Downtown location between Kellogg and Prairie Streets.
    • Features multiple offices, conference room, kitchen, and back room.
    • Commercial zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rita Wilcox Chiropractor

    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
    -90.3664868
    Latitude
    40.9477343

    Nearby Comparable

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    Nearby Similar for Lease

    • $8 SF/Yr
      7,462 SF

      Freestanding Retail Property Sublease Opportunity

      Freestanding retail property for sublease on a half-acre lot.
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      Galesburg Retail Space: Prime Location

      5,021 SF Retail Space - High Visibility
      187 Losey St, Galesburg, IL 61401
      View Details
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      Galesburg Restaurant - For Lease

      Prime Galesburg location, high traffic, ample parking.
      1727 Henderson St, Galesburg, IL 61401
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    • $15 SF/Yr
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      Retail Space Available For Lease

      Former Shoe Sensation endcap space available for lease.
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      Office Space Available For Rent

      Office space available for rent at Veterans Drive, Galesburg, IL.
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    FAQs

    What type of property is this?
    Retail property - Prime location, 1246 sq ft, single tenant.
    Where is this retail property located?
    The property is located at 251 Main St Galesburg, IL.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: Prime Main Street retail/office space, 1,246 sq. ft.; Single-tenant occupancy.; Downtown location between Kellogg and Prairie Streets.
    Request Owner's contact information
    251 Main 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
    251 Main St Galesburg, IL 61401
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