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    484 Henderson St Galesburg, IL 61401

    Sponsored
    For Sale
    $40,000

    Prime Commercial Lot, High Traffic Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.4-acre commercial lot, located at 484 N Henderson St in Galesburg, Illinois, presents a remarkable investment opportunity. Situated in a high-traffic area, this property boasts a prime location directly across from a Circle K convenience store, ensuring high visibility and accessibility for any business. The lot is zoned B-1 Commercial, offering a wide range of potential uses. The property's fee simple ownership provides complete control and flexibility for the buyer. With an asking price of $40,000, this land parcel represents an affordable entry point into the Galesburg commercial real estate market. The property's APN is 9909428027, and its precise location is 40.9532063 latitude and -90.3837471 longitude. This corner lot in Knox County, Illinois, zip code 61401, offers significant potential for development and immediate return on investment. Its strategic placement on a busy thoroughfare guarantees substantial exposure to a large customer base. Don't miss this chance to acquire a valuable piece of commercial real estate in a thriving Illinois community. The property's size and zoning make it ideal for a variety of commercial ventures. Serious inquiries are encouraged.

    Property Features for 484 Henderson St

    General Information

    Property type
    Land
    Lot Size
    17,424 SF

    HighLights

    • 0.4‑acre commercial lot in Galesburg, IL, for $40,000.
    • High‑traffic location across from a Circle K, offering excellent visibility.
    • B‑1 Commercial zoning allows for diverse business uses.
    • Fee simple ownership provides complete control.
    • APN: 9909428027; Latitude: 40.9532063; Longitude: -90.3837471.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -90.3837471
    Latitude
    40.9532063

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    FAQs

    What type of property is this?
    Land - Prime Commercial Lot, High Traffic Area
    Where is this land located?
    The property is located at 484 Henderson St Galesburg, IL.
    What is the asking price?
    The asking price for this property is $40,000.
    What are key features of this property?
    This property features: 0.4-acre commercial lot in Galesburg, IL, for $40,000.; High-traffic location across from a Circle K, offering excellent visibility.; B-1 Commercial zoning allows for diverse business uses.
    Request Owner's contact information
    484 Henderson 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
    484 Henderson St Galesburg, IL 61401
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