Property profile

343 Home Blvd Galesburg, IL 61401

OFF-MARKET
Commercial land
Property ID
US28-2953145
0.69 ac lot
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1.5-acre commercial land parcel presents a rare opportunity in Galesburg, Illinois. Located at 343 Home Boulevard, this property boasts unparalleled visibility due to its position in a high-traffic area, experiencing a combined daily traffic count exceeding 10,000 vehicles. This significant traffic volume ensures maximum exposure for any business established on this site. The asking price of $225,000 represents a highly competitive value for a property of this size and location. An ALTA survey is readily available, providing comprehensive details regarding the property's boundaries and utility access. This detailed survey eliminates uncertainty and streamlines the due diligence process for potential buyers. The expansive acreage offers significant flexibility in terms of development and building plans, making it suitable for a wide range of commercial ventures. This is a truly exceptional opportunity to secure a prime commercial location in a thriving area, offering substantial potential for growth and return on investment. Don't miss this chance to acquire a piece of Galesburg's commercial landscape. Act quickly, as this property is expected to generate significant interest.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.69 ac (30,056 SF)
APN 99-03-151-011
UPID US28-2953145

Cap rate & NOI

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

Location

343 Home Blvd Galesburg, IL 61401-7404
Galesburg metro Census 400 GALESBURG, IL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2024
Last sale
$300,000
5 recorded transactions
2024
Price N/A
2024
$300,000
2021
$166,000
2008
Price N/A
2008
$260,000

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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