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Property profile & analytics

1055 Henderson St Galesburg, IL 61401

  • Commercial real estate
  • 0.02 lot acres
Value Estimation
Location Intelligence
Property ID
US28-2892385
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • ALT Treasures / Thrift Store
  • Klassy Kids & More / Consignment Shop

Property Details for 1055 Henderson St

Lot size
0.02 lot acres
Property type
Commercial real estate
APN
99-10-104-007
APU
9910104007

Description

This exceptional 4,000 square foot commercial building at 1055 N Henderson Street in Galesburg, Illinois presents a remarkable opportunity for businesses seeking high visibility and convenient accessibility. Boasting a newly installed roof (2023), the property features a spacious open primary room ideal for a variety of uses, complemented by additional, adaptable storage rooms with movable walls. Its strategic location on a busy main road ensures significant exposure to an average daily traffic count of 14,500 vehicles. This prime location is surrounded by a thriving mix of established retail and restaurant businesses, including McDonald's, KFC, and Walgreens, guaranteeing high foot traffic and brand recognition. Ample on-site parking provides exceptional convenience for customers and employees. Previously utilized as a consignment store, this versatile space offers significant flexibility for a wide range of commercial ventures. The B-1 zoning allows for diverse business types, including clothing stores, beauty shops, gift shops, professional offices, and studios. Conditional uses further expand possibilities to include craft/hobby shops, furniture stores, and even rage rooms. A comprehensive list of permitted businesses under this zoning is available upon request. This property represents an exceptional investment opportunity in a dynamic and desirable location.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $260,000
  • CAP approach

    CAP return
    Estimation
    6%
    $180,000
    6.5%
    $200,000
    7%
    $210,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $185,000
    Geo Method
    $225,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $225,000
    Retail
    $170,000
    Mixed-Use
    $170,000
    Hospitality
    $230,000
    Educational
    $235,000
    Residential Income
    $185,000
    Energy
    $210,000
    Income-Based Land
    $220,000
    Food Service
    $230,000

Location Insight

  • Map
  • Local Demand
City
Galesburg
County
Knox
State
Illinois
Longitude
-90.3827
Latitude
40.9599
CBSA code
23660
CBSA name
GALESBURG, IL MICROPOLITAN STATISTICAL AREA

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
2023
$5,313
$21,860
$34,120
$55,980
-
$65,580
$102,360
$167,940
More about this property
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