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    OFF-MARKET
    Land

    0 Carl Sandburg Dr, Galesburg, IL 61401

    9.12 ac lot
    Property ID
    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
    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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