Property profile

1727 N Henderson St Galesburg, IL 61401

FOR SALE
Commercial real estate
Property ID
US28-2875984
Entity Owned 8-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional restaurant property, formerly Happy Joe's Pizza, presents a unique opportunity for lease in the thriving Galesburg, Illinois market. Located at 1727 N Henderson St, this single-tenant building boasts 4,647 square feet of space situated on a 1.053-acre lot (46,869 square feet). The property benefits from a highly visible location on a busy retail corridor, ensuring excellent exposure to potential customers. The B-2 zoning allows for a variety of commercial uses. Ample parking is available with over 75 spaces, catering to both staff and patrons. The property also features ADA accessibility, enhancing its appeal and inclusivity. Further enhancing visibility is the inclusion of pylon signage. The property's APN is 99-03-301-002. Annual property taxes are $35,000. This well-situated restaurant space offers a turnkey solution for a variety of food service businesses seeking a prime location in Galesburg. The high traffic counts and convenient amenities make this an exceptional opportunity for a successful venture. Serious inquiries are encouraged.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 99-03-301-002
UPID US28-2875984

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
  • Take-out & Catering Catering Service

Location

1727 N Henderson St Galesburg, IL 61401
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
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Comparable Approach Comparable
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Blend (final) Blend
by Request

Owner & transaction history

since 2018
5 recorded transactions
2018
$1.0M
2015
Price N/A
2015
Price N/A
2012
$275,000
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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