1055 Henderson St Galesburg, IL 61401
- Commercial real estate
- 0.02 lot acres
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
-
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