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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    127 Cherry St, Galesburg, IL 61401-4521

    Entity Owned ~ Est. High Equity
    Property ID
    US28-2852160
    Property summary
    AI-generated overview

    This 986 sq ft, one-story commercial building in Galesburg, IL, is ideally located on a corner lot at 127 N Cherry Street, providing excellent street visibility and accessibility. The property features eight dedicated parking spaces, supplemented by ample street parking. Inside, a welcoming reception area leads to a spacious corner office with a half-bathroom, a functional conference room, and a versatile back office suitable for additional workspace or storage. A kitchenette and washer/dryer hookups add to the building's convenience. Currently leased to tenants who desire to extend their lease through March 2025, this presents a strong income-producing opportunity. The B-3 zoning allows for a variety of uses, including but not limited to: auto rental shop, tobacco store, coffee house, craft/hobby shop, flower shop, or professional office space. A comprehensive list of permitted businesses under this zoning is available upon request. This prime downtown location offers significant potential for a variety of commercial ventures. The asking price is $79,900.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    APN 99-10-478-006
    UPID US28-2852160
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Bridges Body Work Alternative Medicine Practice Spa & Massage Center
    • The Hair Affair Salon and spa Hair Salon
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Family Tree Photography LLC
    Family Tree Photography LLC
    since 2025
    Last sale
    $47,000
    7 recorded transactions
    2025
    $47,000
    2019
    $55,000
    2019
    2014
    $55,000
    2007
    2006
    $35,000
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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