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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

415-419 Main St Galesburg, IL 61401

Property ID
Property summary
AI-generated overview

This exceptional commercial property at 415-419 E Main Street in Galesburg, Illinois, presents a unique investment opportunity. Located in the heart of historic downtown Galesburg, this iconic brick building boasts over 8,000 square feet of versatile space. Currently configured as a mixed-use property, one side operates as a martial arts dojo, featuring finished downstairs storage, locker rooms, and an additional training area. The other side is currently leased as office space, complete with a break room, back room, and dressing room. Upstairs, four large, adaptable spaces await your vision. These could easily be transformed into a photography or video studio, additional office space, a dance studio, or any number of other uses. The possibilities are truly limitless. The property's prime downtown location offers excellent visibility and accessibility, making it ideal for a variety of businesses. The asking price is $160,000. This is a rare chance to acquire a substantial piece of Galesburg's rich history and create a thriving commercial enterprise. The property is zoned for commercial use and sits on a lot in Knox County, Illinois, with the zip code 61401. The building's substantial size and flexible layout offer significant potential for future growth and income generation. Don't miss this chance to own a piece of Galesburg's vibrant downtown.

Property profile
Verified
Property type Retail properties & Spaces
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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