Property Lookup
Property Lookup
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
Property profile & analytics

888 Lake Storey Rd Galesburg, IL 61401

  • Commercial real estate
  • 12.05 lot acres
Value Estimation
Location Intelligence
Property ID
US28-3027264
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

  • Galesburg Manufacturing W5 / Warehouse

Property Details for 888 Lake Storey Rd

Lot size
12.05 lot acres
Property type
Commercial real estate
APN
95-33-427-001
APU
9533427001

Description

This exceptional 86,000-square-foot flex warehouse, situated on approximately 12.05 acres, presents a compelling investment opportunity. Ideally located near major highways US-34 and US-150, this single-tenant property boasts a comprehensive array of features. The warehouse itself includes four loading docks, a 14-foot overhead drive-through door, three-phase 480V power, energy-efficient LED lighting, and 17-foot ceilings with a 12-foot clear height. Durable five-inch thick concrete flooring ensures longevity. The space is climate-controlled and includes four large restrooms. A substantial office area complements the warehouse, offering approximately six individual offices, a reception area, additional restrooms, and a mezzanine level. Recent capital improvements are extensive and include a new roof, upgraded lighting, two new semi-docks, a state-of-the-art fire sprinkler system, a newly paved driveway servicing the semi-docks, updated doors, and fresh exterior paint. Further enhancements encompass upgraded exterior lighting, fire walls, and fire doors. Interior improvements include fresh paint and upgraded plumbing. The property is zoned B-2 and its APN is 95-33-427-001. This well-maintained and strategically located facility is perfect for businesses seeking a high-quality, functional space.

Value Estimation

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

    CAP return
    Estimation
    Estimation
    $360,000
  • CAP approach

    CAP return
    Estimation
    6%
    $475,000
    6.5%
    $455,000
    7%
    $400,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $390,000
    Geo Method
    $440,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $415,000
    Retail
    $455,000
    Mixed-Use
    $450,000
    Hospitality
    $405,000
    Educational
    $460,000
    Residential Income
    $375,000
    Energy
    $445,000
    Income-Based Land
    $480,000
    Food Service
    $400,000

Location Insight

  • Map
  • Local Demand
City
Galesburg
County
Knox
State
Illinois
Longitude
-90.3846
Latitude
40.9823
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
$23,569
$221,840
$26,500
$248,340
-
$665,520
$79,500
$745,020
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message