252 Knox Highway 10 Galesburg, IL 61401
- Commercial real estate
- 3.79 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 252 Knox Highway 10
- Lot size
- 3.79 lot acres
- Property type
- Commercial real estate
- APN
- 09-28-200-007
- APU
- 928200007
Description
This exceptional 3.79-acre industrial property, located at 252 Knox Hwy 10, Knox County, presents a significant opportunity. The site boasts a 36,000-square-foot building, ideally suited for various commercial, warehouse, and manufacturing uses. Zoned M-2, this single-tenant property features three buildings constructed in 1998 and renovated in 2008. The main structure offers 16-foot ceiling heights, perfect for warehousing and manufacturing operations. Loading and unloading are facilitated by three loading docks and fourteen dock-high doors, complemented by four drive-in doors. The property also includes approximately 1,500 square feet of finished office space, a 1,464-square-foot shop, and an additional 1,500 square feet of office/storage space. Utilities are provided by Ameren IP. The property benefits from excellent access to county roads and interstate highways, with rail service conveniently located nearby. Additional features include a paint booth and plasma cutter, available under separate terms and conditions. The property's 343-foot frontage provides ample space for maneuvering and operations. Property taxes are $0.26 per square foot. The APN is 0928200007. This is a rare opportunity to acquire a well-maintained, strategically located industrial property with significant potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $285,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $360,000
- 6.5%
- $360,000
- 7%
- $345,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $365,000
- Geo Method
- $400,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $440,000
- Retail
- $425,000
- Mixed-Use
- $365,000
- Hospitality
- $355,000
- Educational
- $410,000
- Residential Income
- $455,000
- Energy
- $420,000
- Income-Based Land
- $395,000
- Food Service
- $450,000
Location Insight
- Map
- Local Demand
- City
- Galesburg
- County
- Knox
- State
- Illinois
- Longitude
- -90.3936
- Latitude
- 40.9177
- CBSA code
- 23660
- CBSA name
- GALESBURG, IL MICROPOLITAN STATISTICAL AREA