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    OFF-MARKET
    Commercial real estate

    102-108 Main St, Galesburg, IL 61401

    14,280 SF 0.11 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Total area 14,280 SF
    Lot 0.11 ac (4,792 SF)
    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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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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