Property profile

1687 Henderson St Galesburg, IL 61401

OFF-MARKET
Commercial real estate
Property ID
US28-2895370
Individually Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Class A commercial property, located at 1687 N Henderson St in Galesburg, Illinois (zip code 61401), presents a unique investment opportunity. The 4,075 square foot building sits on a sizable 39,996 square foot lot and boasts 30 parking spaces. Built in 1990, the property features a mix of office and land use, zoned B-2 Commercial, making it suitable for a variety of businesses. The main structure comprises a 450 square foot wood-framed office space attached to a 3,625 square foot metal-framed service garage, ideal for automotive-related businesses or adaptable to other commercial uses. The garage includes three service bays with overhead doors (two 12' x 12', one 12' x 20'). The property benefits from a 200-amp, 3-phase electrical service, with suspended heaters in the garage and forced-air heating/cooling in the office. The property is conveniently located on a major Galesburg thoroughfare, N. Henderson Street, with a high average daily traffic count of 15,000 vehicles, and is adjacent to an Arby's restaurant. The asking price is $495,000, with an occupancy date of September 8, 2024. This fee simple ownership offers significant potential for owner-users or investors seeking a prime location in a bustling commercial area. The property's strategic location and versatile design make it an attractive option for a wide range of commercial enterprises.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 99-03-301-004
UPID US28-2895370

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Dealership
  • Car Wash

Location

1687 Henderson St Galesburg, IL 61401-1318
Galesburg metro Census 400 GALESBURG, IL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$785k

Owner & transaction history

since 2025
Last sale
$390,000
5 recorded transactions
2025
$390,000
2023
$779,000
2022
$335,000
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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