888 Lake Storey Rd Galesburg, IL 61401
- Commercial real estate
- 12.05 lot acres
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
-
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