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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Commercial real estate
1597 Henderson St, Galesburg, IL 61401-1316
Entity Owned
1-yr Hold
Free & Clear
Property ID
US28-3089606
Property summary
AI-generated overview
This exceptional Class A storefront, located at 1597 N Henderson St, Galesburg, IL 61401, presents a unique investment opportunity. Boasting 4,023 square feet on a 0.88-acre lot (APN: 99-03-301-007), this fee-simple property is zoned B-2 Commercial and offers significant visibility on a busy street with over 15,000 vehicles passing daily. Built in 1968 and extensively renovated in 2009, the building features a modern facade, ample asphalt parking (approximately 24 spaces), a revamped entrance, new carpet and windows, and a recently updated HVAC system. The interior layout includes an open office space, twelve private offices, and a conference room. With 110 feet of frontage, this property is ideally situated in Galesburg's most active commercial area and could easily accommodate a drive-thru. The asking price is $625,000 ($155.36/sq ft). This is a turnkey operation in a high-demand location. Don't miss this chance to own a thriving commercial property in a vibrant Galesburg location.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
APN
99-03-301-007
UPID
US28-3089606
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$590k
Owner & transaction history
Mly Real Estate LLC · 1 yrs held
Mly Real Estate LLC
since 2025
Last sale
$590,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Galesburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Galesburg submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$560,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $590k (Jun 13 2025)
Last sale anchor
$590k
Jun 13 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$11,323
Tax year 2023
Assessed value
$119,300
Assessed 2023
Previous assessed
$119,300
+0.0% YoY
Effective rate
9.49%
On assessed value
Assessed land
$65,320
Assessed improvement
$53,980
Land market value
$195,960
Improvement market value
$161,940
Total market value
$357,900
Applied tax rate
36.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
APN
99-03-301-007
UPID
US28-3089606
Jurisdiction
KNOX
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Current owner
From public records · entity-resolved
Mly Real Estate LLC
Entity
Free & Clear · 1 yrs held
Mailing address
4221 BUNKER DR, QUINCY, IL 62305-1023
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2025
—
Mly Real Estate LLC
—
Deed
related
$501,500 · Lincoln Savings Bank
Jun 13, 2025
$590,000
Mly Real Estate LLC
Zf Asset Protection Trust
Deed
—
Apr 4, 2018
—
Zf Asset Protection Trust
—
Deed
related
$6,325,000 · State Street Bank & Trust Co
Dec 26, 2017
—
Zf Irreve Asset Protection Trust
—
Deed
related
—
Jan 13, 2017
—
Zf Irrev Asset Protection Trust
—
Deed
related
$2,428,000 · First Bankers Tr
Dec 27, 2016
—
Zf Irrevocable Asset Trust
Zabaneh,antonio F & Azucena G
Grant Deed
—
Nov 16, 2016
—
Azucena G Zabaneh
—
Deed
related
—
May 20, 2011
—
Zabaneh,antonio & Azucena
—
Trustees Deed
related
$1,504,420 · First Bankers Tr
Sep 28, 2009
$314,000
Zabaneh,antonio F JR & Azucena G
Heritage Holding
Grant Deed
$282,600 · First Bankers Tr
—
—
Antonio Zabaneh
—
Loan Modification
related
—
—
—
Zabaneh,antonio & Azucena
—
Loan Modification
related
—
—
—
Antonio F Zabaneh
—
Deed Of Trust
related
$1,980,000 · First Bankers Tr
—
—
Azucena G Zabaneh
—
Loan Modification
related
—
—
—
Zf Irrev Asset Protection Trust
—
Deed Of Trust
related
$2,428,000 · First Bankers Tr
—
—
Antonio F Zabaneh
—
Loan Modification
related
—
—
—
Zabaneh,antonio & Azucena
—
Loan Modification
related
—
—
—
Zf Irreve Asset Protection Trust
—
Loan Modification
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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