Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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