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    2600 Seminary St Galesburg, IL 61401

    Sponsored
    For Sale
    $450,000

    1.5-Acre Commercial Lots, Galesburg, IL

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional opportunity presents three 1.5-acre commercial lots in the highly sought-after Gale Village Subdivision in Galesburg, Illinois. Priced at $450,000 each, these fee-simple properties boast prime visibility and accessibility, situated just off heavily trafficked Highway 34 and North Seminary Street, and a mere three miles from Interstate 74. Each lot is fully developed with readily available utilities, including water and sewer, ensuring seamless construction and operation. The strategic location within Galesburg's newest commercial development area offers significant advantages. Surrounded by established businesses such as Walmart, Menard's, and Aldi's, this location provides immediate access to a substantial customer base. The adjacency to McAlister's Deli further underscores the area's thriving commercial activity. The high visibility from major roadways guarantees significant exposure for any business. Proximity to St. Mary's Hospital adds another layer of appeal, making this an ideal location for a variety of commercial ventures, including, but not limited to, a motel. The APN for this property is 05-34-426-019. Don't miss this chance to secure a piece of Galesburg's burgeoning commercial landscape. The zoning is designated as Commercial.

    Property Features for 2600 Seminary St

    General Information

    Property type
    Land
    Lot Size
    65,340 SF

    HighLights

    • Three 1.5‑acre commercial lots available in Galesburg, IL's Gale Village Subdivision.
    • Each lot priced at $450,000, fee simple ownership.
    • High visibility location off Highway 34 and North Seminary Street, three miles from I‑74.
    • Fully developed lots with readily available utilities (water & sewer).
    • Located in Galesburg's newest commercial development, near Walmart, Menard's, Aldi's, and McAlister's Deli.
    • Proximity to St. Mary's Hospital.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Galesburg
    County
    Knox
    State
    Illinois
    Longitude
    -90.363884987821
    Latitude
    40.98101654823

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    FAQs

    What type of property is this?
    Land - 1.5-Acre Commercial Lots, Galesburg, IL
    Where is this land located?
    The property is located at 2600 Seminary St Galesburg, IL.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Three 1.5-acre commercial lots available in Galesburg, IL's Gale Village Subdivision.; Each lot priced at $450,000, fee simple ownership.; High visibility location off Highway 34 and North Seminary Street, three miles from I-74.
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    2600 Seminary 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
    2600 Seminary St Galesburg, IL 61401
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