102-108 Main St Galesburg, IL 61401
- Commercial real estate
- 14,280 SF
- 0.11 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 102-108 Main St
- Lot size
- 0.11 lot acres
- Property size
- 14,280 SF
- Property type
- Commercial real estate
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Galesburg
- County
- Knox
- State
- Illinois
- Longitude
- -90.3694
- Latitude
- 40.9472
