997 Galena Square DrGalena, IL 61036

  • Other commercial real estate
  • 32,334 SF
For Lease
$8/SF/YR View listing

Property Details for 997 Galena Square Dr

Year built
1993
Construction
BRICK
Lot size
6.36 AC
Property size (Sq ft)
32,334 SF
Property type
Other commercial real estate
APN
22-200-079-04
APU
2220007904

Description

This exceptional 4,065 square foot executive office space is situated within Galena Square, the city's premier shopping center, in Galena, Illinois. Located at 997 Galena Square Drive, zip code 61036, this single-tenant space offers a fantastic opportunity for businesses seeking a high-visibility location. The property boasts a total building size of 8,257 square feet and sits on a generous 5.9-acre lot (APN: 43-22-200-079-04). Its convenient location next to Piggy Wiggly ensures high foot traffic and excellent brand exposure. The space is currently vacant and ready for immediate occupancy. A minimum five-year lease is required. The asking rent is $8.00 per square foot, with estimated annual net, net, net (NNN) charges of approximately $3.85 per square foot. This property is classified as Retail and Restaurant, with an Executive Office subtype. The property's prime location, ample space, and proximity to a major grocery store make it an ideal choice for a variety of businesses. This is a rare opportunity to establish a presence in Galena's most desirable commercial location. Contact us today to schedule a viewing and explore the possibilities.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $6,682,594
    Hospitality
    $6,121,220
    Educational
    $5,092,783
    Medical
    $5,267,932
    Retail
    $7,922,107
997 Galena Square Dr, Galena, Illinois
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Location Insight

City
Galena
County
Jo Daviess
State
Illinois
Latitude
42.4234
Longitude
-90.4417

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$96,245
$220,899
$1,001,197
$1,222,096
-
$662,763
$3,003,891
$3,666,654

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