Property summary
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
VerifiedCap rate & NOI
Current use
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Car Dealership
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Car Wash
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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