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    Property profile & analytics
    OFF-MARKET Estimated value $5,205,000
    Commercial land

    2028 Seminary St, Galesburg, IL 61401

    36.5 ac lot
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US28-4465038
    Property summary
    AI-generated overview

    This exceptional 14.03-acre commercial property at 2028 N Seminary Street in Galesburg, Illinois, presents a remarkable investment opportunity. Located on a high-traffic road, this land boasts unparalleled visibility and accessibility, ensuring maximum exposure for any development. Its strategic position directly adjacent to a newly constructed 14,000 square foot medical clinic guarantees a steady flow of potential customers and residents. The property's proximity to numerous chain retailers, financial institutions, and restaurants further enhances its desirability and potential for success. This versatile parcel offers endless possibilities for developers seeking to create a thriving commercial center or a new residential community. The high volume of traffic and convenient location guarantee a steady stream of potential customers or residents, making this an ideal site for a variety of commercial ventures or residential projects. The property's size and location make it an attractive investment for those seeking to capitalize on the growing demand for commercial and residential space in Galesburg. An adjoining parcel is also available for purchase, offering the potential for even larger-scale development. This is a rare opportunity to acquire a prime piece of real estate in a rapidly developing area. The asking price is $1,450,000.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 36.5 ac (1,589,940 SF)
    APN 99-03-226-008
    UPID US28-4465038
    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
    • Graham Medical Group Center for Ambulatory Care Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $4.72M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $5.21M
    Owner & transaction history
    Graham Hospital Assn Corp · 3 yrs held
    Graham Hospital Assn Corp
    since 2023
    Last sale
    $5.2M
    2 recorded transactions
    2023
    $5.2M
    2012
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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