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    1055 Henderson St Galesburg, IL 61401

    Sponsored
    For Sale
    $195,000

    Prime Retail Space, High Traffic Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This Galesburg, IL commercial property at 1055 N Henderson Street offers 4,000 square feet of retail space, ideal for various businesses. Boasting a new 2023 roof, a large open area, and additional storage rooms, this building is situated on a high-traffic road (14,500 ADT) near established businesses like McDonald's, KFC, and Walgreens. The property includes an oversized parking lot with 40+ spaces. Previously used as a consignment store, it's zoned B-1, allowing for diverse uses including clothing stores, beauty shops, offices, and more (see attached document for full zoning details). The asking price is $195,000. The seller prefers a package deal with the adjacent 1075 N Henderson St. for $350,000. This presents a significant opportunity for investors seeking a high-visibility location with ample parking and flexible space in a thriving commercial area. The property's location ensures excellent visibility and accessibility for customers. The building's layout is adaptable to a wide range of business needs, offering both open space and dedicated storage areas. This is a rare opportunity to acquire a well-located commercial property in a bustling retail environment.

    Property Features for 1055 Henderson St

    General Information

    Property type
    Retail properties

    HighLights

    • 4,000 SF retail space in Galesburg, IL.
    • New 2023 roof.
    • High‑traffic location (14,500 ADT) near McDonald's, KFC, and Walgreens.
    • Oversized parking lot with 40+ spaces.
    • B‑1 zoning allows for diverse uses.
    • Asking price: $195,000; package deal with adjacent property available for $350,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    ALT Treasures Thrift Store Klassy Kids & More Consignment Shop

    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
    -90.3828394
    Latitude
    40.9599097

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Space, High Traffic Area
    Where is this retail property located?
    The property is located at 1055 Henderson St Galesburg, IL.
    What is the asking price?
    The asking price for this property is $195,000.
    What are key features of this property?
    This property features: 4,000 SF retail space in Galesburg, IL.; New 2023 roof.; High-traffic location (14,500 ADT) near McDonald's, KFC, and Walgreens.
    Request Owner's contact information
    1055 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
    1055 Henderson St Galesburg, IL 61401
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