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    11110 Us Rt 20 Galena, IL 61036

    Sponsored
    For Sale
    $1,155,000

    Prime Galena location, 3840 sq ft building, .79 acres.

    Property size:
    3,840 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional commercial property in Galena, Illinois, presents a unique investment opportunity. Situated on .79 acres of land at 11110 US Rt 20 W, this 3,840 square foot building boasts a high-visibility location near a traffic light and across from a Walmart access road, ensuring significant traffic exposure. The property is zoned General Commercial and offers a versatile layout. Approximately 850 square feet are currently configured as retail/office space, complete with two bathrooms. The remaining space is ideal for showroom or storage purposes, featuring three overhead doors (two on the side and one at the rear) for easy access and loading. The asking price is $1,155,000. This property's prime location and adaptable space make it suitable for a variety of commercial uses, presenting a strong potential for return on investment. The property is located in Jo Daviess County, Illinois, with a 61036 zip code.

    Property Features for 11110 Us Rt 20

    General Information

    Property type
    Land
    Square Feet
    3,840 SF
    Lot Size
    34,412 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Galena
    County
    Jo Daviess
    State
    Illinois
    Longitude
    -90.4491399
    Latitude
    42.4333389

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    FAQs

    What type of property is this?
    Land - Prime Galena location, 3840 sq ft building, .79 acres.
    Where is this land located?
    The property is located at 11110 Us Rt 20 Galena, IL.
    What is the asking price?
    The asking price for this property is $1,155,000.
    Request Owner's contact information
    11110 Us Rt 20 Galena, IL 61036
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    Galena, IL 61036
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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
    11110 Us Rt 20 Galena, IL 61036
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