503 Knox Square DrGalesburg, IL 61401

  • Other commercial real estate
  • 8.06 AC
For Lease
$18/SF/YR View listing

Property Details for 503 Knox Square Dr

Lot size
8.06 AC
Property type
Other commercial real estate
APN
95-35-302-001
APU
9535302001

Description

This exceptional retail opportunity in Galesburg, Illinois, presents 8,311 square feet of vacant space within the Seminary Square shopping center. Strategically located at 503 East Knox Square Dr, 61401, this Walmart shadow-anchored property offers unparalleled visibility and access to a robust customer base. The property is comprised of multiple spaces, with a minimum divisible unit of 1,400 square feet and a maximum contiguous space of 5,200 square feet, providing flexibility for various retail concepts. The entire 8,311 square feet is currently available, presenting a unique chance to establish a significant presence in this thriving Knox County market. The property's prime location ensures high foot traffic and convenient access for customers. This is an ideal opportunity for businesses seeking a well-established location with strong visibility and ample space to grow. The property's proximity to a Walmart store guarantees a consistent flow of potential customers, enhancing the overall appeal and profitability of the retail space. This is a rare chance to secure a substantial retail presence in a high-demand area. Contact us today to learn more about this exceptional opportunity.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $107,516,248
    Hospitality
    $98,484,304
    Educational
    $81,937,784
    Medical
    $84,755,752
    Retail
    $127,458,776
503 Knox Square Dr, Galesburg, Illinois
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Location Insight

City
Galesburg
County
Knox
State
Illinois
Latitude
40.9812
Longitude
-90.3619
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
$166,451
$399,060
$1,354,720
$1,753,780
-
$1,197,180
$4,064,160
$5,261,340

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