102-108 Main St Galesburg, IL 61401
This exceptional investment opportunity presents three adjoining commercial buildings totaling 9,660 square feet, ideally situated in Galesburg, Illinois' vibrant downtown business district at the corners of East Main and South Cherry Streets. The property, zoned B-3 Commercial Central Business, comprises three buildings: 102 E. Main St. (1,680 sq ft), and 106 & 108 E. Main St. (1,540 sq ft each). All three buildings boast street-level retail/office space currently occupied by long-term tenants with established businesses, ensuring a stable income stream. The buildings feature new roofs installed between 2018 and 2019. This package offers a compelling investment opportunity, allowing for the purchase of the entire property for $150,000 or individual buildings at $75,000 (102 E. Main St.), and $50,000 each for 106 and 108 E. Main St. Own a piece of Galesburg's historic downtown. The address is 102-108 E Main Street, Galesburg, IL 61401.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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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.