Property profile

0 Carl Sandburg Dr Galesburg, IL 61401

OFF-MARKET
Land
9.12 ac lot
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Property summary

AI-generated overview

This exceptional 9.12-acre parcel presents a remarkable opportunity for residential development in Galesburg, Illinois. Located on E Carl Sandburg Drive, this R1-C zoned property enjoys a highly desirable location adjacent to Graham Hospital's newly constructed medical clinic. The strategic positioning ensures high visibility and accessibility, benefiting from proximity to major roadways and a concentration of retail establishments, financial institutions, and restaurants. This translates to significant advantages for developers seeking to create a thriving residential community. The high traffic count on E Carl Sandburg Drive guarantees maximum exposure for any future development. The property's versatility allows for a range of residential project types, catering to diverse needs and preferences. Furthermore, an adjoining parcel is also available for purchase, presenting the potential for an even larger-scale development. This is an exceptional investment opportunity for those seeking to capitalize on the growing demand for residential properties in a convenient and well-established area of Galesburg. The property is located in Knox County, Illinois, with a zip code of 61401. The asking price for this exceptional land is $550,000.

Property profile

Verified
Property type Land
Lot 9.12 ac (397,267 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Carl Sandburg Dr Galesburg, IL 61401
Galesburg metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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