571 North St Galesburg, IL 61401
- Commercial real estate
- 12,000 SF
- 2.54 lot acres
Current Use by Public Records
- Cedar Creek East / Bar
- Cedar Creek Hall - Event Venue and Reception Hall / Conference Center / Event Venue
Property Details for 571 North St
- Year built
- 1993
- Lot size
- 2.54 lot acres
- Property size
- 12,000 SF
- Property type
- Commercial real estate
Description
This exceptional turnkey commercial property, located at 571 E North Street in Galesburg, Illinois, presents a unique investment opportunity. The 12,000 square foot building sits on a spacious 2.54-acre lot, providing ample parking and convenient access to East Main Street (US Hwy 150). Currently configured as a banquet facility, the property is fully equipped for immediate operation. All furniture, fixtures, and equipment are included in the sale price of $499,000. This comprehensive inventory encompasses a fully functional commercial kitchen, two modern bars, four restrooms, a substantial storage area, a dedicated office, and a bridal suite. The building itself is a modern metal structure featuring a covered drive-up entry, a large parking area, and prominent electronic monument signage. The interior layout is designed for versatility, allowing for simultaneous events or adaptable configurations to suit diverse business needs. The expansive space and acreage offer significant potential for future development and repurposing, making this a highly attractive proposition for entrepreneurs and investors alike. A minimum 24-hour notice is required for property showings.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Galesburg
- County
- Knox
- State
- Illinois
- Longitude
- -90.3609
- Latitude
- 40.9519
