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Retail Space in Shopping Center

995 Galena Square Dr, Galena, IL 61036

For Lease
$12 SF/Yr CAM $3.85 /USD/SF/YR

Available space can accommodate a retail or office user within an established shopping center.

Space Size2,000 SF - 4,065 SF
Days on Market94

Property Features for 995 Galena Square Dr

General Information

Standard status Active
Size 2,000 SF - 4,065 SF
Net Rentable 4,065 SF
Lease Type NNN

Space & Availability

Available Space 2,000-4,065 SF
Contiguous Space 4,065 SF
Divisible Yes
Space Use Retail
Sublease No

Lease Terms

Lease Rate $12 /USD/SF/YR
Monthly Rent $2,000-$4,065
Rent per SF/Year $12
CAM $3.85 /USD/SF/YR
Lease Term 60 months

Building Details

Year Built 1993
Listing Agency: Ruhl & Ruhl Realtors
Listed By: Tri State Commercial Group .
Source: Kwlegacyrealty
Added: Aug 10 Changed: Oct 26 Last Checked: Oct 7 at 2:07PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ruhl & Ruhl Realtors

Rey
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Investment Insights

Based on property information with market context.

Retail space is available within Galena Square, with approximately 4,065 SqFt offered for division into two spaces of about 2,000 SqFt each. The layout supports retail or office occupancy, providing flexibility for a business seeking space in a shopping center environment. The property was built in 1993.

The space is located at 995 Galena Square Dr in Galena, Illinois, next door to Piggy Wiggly. A minimum five-year lease is required, and the lease structure is NNN. The available configuration is suited to businesses seeking a presence within the shopping center alongside an established neighboring retailer.

Key Highlights

  • Approximately 4,065 SqFt available for division
  • Two approximately 2,000 SqFt spaces proposed
  • Retail or office use supported by the property information

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Electrical Service Grocery & Convenience Store Parking Lot & Garage Plumbing Service Nail Salon (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

254
Businesses Nearby

Demographics for 61036, IL

7,111
Population
5,187
Households
1.4
Avg Household Size
54
Median Age
46%
College-Educated
97%
High-School Grad
95.8 sq mi
ZIP Area
74
Density / Sq Mi
$80,574
Median Household Income
$51,507
Median Earnings
$758
Median Rent
$258,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Galena, IL

$15.4 /SF/Yr
Avg Asking Price
$8–$21 /SF/Yr
Price Range
1,828 SF
Avg Space Size

This space is priced 22% below the average of $15.4 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Retail space - Available space can accommodate a retail or office user within an established shopping center.
Where is this retail space located?
The property is located at 995 Galena Square Dr Galena, IL.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: Approximately 4,065 SqFt available for division; Two approximately 2,000 SqFt spaces proposed; Retail or office use supported by the property information
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