2200 Henderson St Galesburg, IL 61401-1174
Property profile & analytics
2200 Henderson St Galesburg, IL 61401-1174
- Commercial real estate
Property ID
US28-3026058
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Nissan Parts / Auto Parts Store
- Nissan Service / Auto Repair Shop
Property Details for 2200 Henderson St
- Property type
- Commercial real estate
- APN
- 99-04-226-010
- APU
- 9904226010
Description
This exceptional investment opportunity presents a newly constructed, three-tenant retail pad situated at a prominent signalized intersection in Galesburg, Illinois. The 6,400 square foot property, built in 2024, sits on a 1.21-acre lot (APN: 99-04-226-010) and boasts a strong NOI of $264,700, yielding a 6.15% cap rate at an asking price of $4,305,000. The property is shadow-anchored by a Target and benefits from high visibility and excellent freeway access via Interstate-74, experiencing approximately 19,000 cars per day on Henderson Street. Tenants include Chipotle (drive-thru) with a rare 15-year corporate lease, Jersey Mike's Subs with a new 10-year lease from a 15-unit franchisee, and T-Mobile with a new 10-year corporate lease. All leases feature 10% rent increases every five years, ensuring strong, replaceable income streams. The property's location within Galesburg's thriving Henderson Street retail corridor, surrounded by national retailers like Lowe's, Hy-Vee, Marshalls, and others, further enhances its investment appeal. This is a multi-tenant property offering a compelling combination of strong tenants, long-term leases, and a prime location within the Quad Cities MSA, a major metropolitan area with access to a large consumer base. The property is part of a larger shopping center with excellent visibility and access.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,760,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Galesburg
- County
- Knox
- State
- Illinois
- Longitude
- -90.3836
- Latitude
- 40.9745
- CBSA code
- 23660
- CBSA name
- GALESBURG, IL MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$23,240
$207,510
$37,350
$244,860
-
$622,530
$112,050
$734,580
