102-108 Main St, Galesburg, IL 61401
This exceptional investment opportunity presents three adjacent commercial buildings totaling 14,280 square feet, ideally situated at 102-108 E Main Street in Galesburg, Illinois' vibrant downtown business district. The property boasts a prime location on the corner of E. Main Street and S. Cherry Street, ensuring high visibility and foot traffic. The buildings offer 4,760 square feet of street-level retail and office space, currently occupied by long-term tenants with established businesses, providing immediate and consistent cash flow. Each building is individually attractive: 102 E. Main Street comprises 1,680 square feet, while 106 and 108 E. Main Street each offer 1,540 square feet. All three buildings received new roofs in 2018/2019. The property sits on a 0.11-acre lot and is zoned B-3 Commercial Central Business. This presents a unique opportunity to acquire a well-maintained, income-producing portfolio in a historic downtown setting. Individual building purchases are also possible, with 102 E. Main Street priced at $75,000, and 106 and 108 E. Main Street each priced at $50,000. This is a rare chance to own a piece of Galesburg's rich history and secure a strong return on investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.