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    252 Knox Highway 10 Galesburg, IL 61401

    Sponsored
    For Lease
    $4 SF/Yr ($12,000 /Mo)

    36,000 SF Warehouse, 3.79 Acres

    Lot size:
    36,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3.79-acre industrial property, located at 252 Knox Hwy 10, Knox County, presents a significant opportunity. The site boasts a 36,000-square-foot building, ideally suited for various commercial, warehouse, and manufacturing uses. Zoned M-2, this single-tenant property features three buildings constructed in 1998 and renovated in 2008. The main structure offers 16-foot ceiling heights, perfect for warehousing and manufacturing operations. Loading and unloading are facilitated by three loading docks and fourteen dock-high doors, complemented by four drive-in doors. The property also includes approximately 1,500 square feet of finished office space, a 1,464-square-foot shop, and an additional 1,500 square feet of office/storage space. Utilities are provided by Ameren IP. The property benefits from excellent access to county roads and interstate highways, with rail service conveniently located nearby. Additional features include a paint booth and plasma cutter, available under separate terms and conditions. The property's 343-foot frontage provides ample space for maneuvering and operations. Property taxes are $0.26 per square foot. The APN is 0928200007. This is a rare opportunity to acquire a well-maintained, strategically located industrial property with significant potential.

    Property Features for 252 Knox Highway 10

    General Information

    Property type
    Manufacturing properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    36,000 SF
    Total Rate
    12000

    Building Details

    Year Built/Renovated
    1998/2008
    Buildings
    3

    Unit(s) available at that property

    Space
    Size
    36,000 SF
    Rate per SF
    $4

    HighLights

    • 3.79‑acre M‑2 zoned industrial land parcel in Knox County.
    • 36,000 SF single‑tenant industrial building.
    • Building features include 16' clear height ceilings, 3 loading docks, 14 dock‑high doors, and 4 drive‑in doors.
    • Amenities include 1,500 SF of finished office space and a 1,464 SF shop.
    • Property boasts convenient county and interstate access, with nearby rail service.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Auto Repair Shop Department Store Grocery Store Garden Center Supermarket Food Market Discount Store Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Galesburg
    County
    Knox
    State
    Illinois
    Longitude
    -90.3938562
    Latitude
    40.9172624

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    FAQs

    What type of property is this?
    Manufacturing property - 36,000 SF Warehouse, 3.79 Acres
    Where is this manufacturing property located?
    The property is located at 252 Knox Highway 10 Galesburg, IL.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: 3.79-acre M-2 zoned industrial land parcel in Knox County.; 36,000 SF single-tenant industrial building.; Building features include 16' clear height ceilings, 3 loading docks, 14 dock-high doors, and 4 drive-in doors.
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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
    252 Knox Highway 10 Galesburg, IL 61401
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