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    1000 Monmouth Blvd Galesburg, IL 61401

    Sponsored
    For Sale
    $550,000

    8,439 sq ft, remodeled auto shop/retail space.

    Property size:
    8,439 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 8,439-square-foot mixed-use building presents a unique investment opportunity in Galesburg, Illinois. Situated on a 1.03-acre lot at 1000 Monmouth Blvd, this Class A property boasts 100 feet of street frontage, providing excellent visibility and accessibility. Originally constructed in 1968 and extensively renovated in 2022, the building features two garage bays, ideal for an auto shop or similar light industrial use, combined with retail storefront potential. The HVAC system was replaced in 2023. The property is zoned M-2, allowing for a variety of uses, including those approved for cannabis/hemp businesses. The asking price is $550,000 ($65.17/sq ft). The building is a single-story, fee-simple ownership, with an occupancy date of September 27, 2024. The property's APN is 99-212-27-016. This is an owner/user investment opportunity in a thriving location. The property is located in Knox County, Illinois, zip code 61401.

    Property Features for 1000 Monmouth Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    8,439 SF
    Class
    A
    Lot Size
    44,867 SF

    Building Details

    Year Built/Renovated
    1968/2022
    Stories
    1

    HighLights

    • Zoned for cannabis and hemp businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Desert Down: Clothing ... Clothing Store

    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
    -90.386204354913
    Latitude
    40.939938693369

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    FAQs

    What type of property is this?
    Individual retail property - 8,439 sq ft, remodeled auto shop/retail space.
    Where is this individual retail property located?
    The property is located at 1000 Monmouth Blvd Galesburg, IL.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Zoned for cannabis and hemp businesses.; ;
    Request Owner's contact information
    1000 Monmouth Blvd 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
    1000 Monmouth Blvd Galesburg, IL 61401
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