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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    497 Berrien St, Galesburg, IL 61401-5077

    Individually Owned Free & Clear
    Property ID
    US28-0715017
    Property summary
    AI-generated overview

    This exceptional Galesburg commercial property presents a unique investment opportunity. Located at 497 E Berrien Street, this 5,100+ square foot building sits on a 0.34-acre lot and offers a diverse income stream. The main business is an established bar featuring a spacious bar area, comfortable seating, a dedicated gaming area, restrooms, and a small kitchen. Adding to the appeal is a pleasant outdoor beer garden, perfect for warmer months. Beyond the bar, the property includes two income-generating apartments, providing supplemental revenue. The building's versatile layout and ample space offer potential for expansion or adaptation to suit various business needs. The property is zoned M-1 Light Industrial, providing flexibility for future uses. Its excellent location offers easy access to both downtown Galesburg and the south side of town, ensuring high visibility and convenient access for patrons and residents. Priced at $95,000, this property represents a compelling opportunity for investors seeking a blend of established income and significant growth potential. The combination of a thriving bar, rental apartments, and prime location makes this a truly remarkable investment prospect. The property's size and zoning allow for a variety of future uses, making it an adaptable and valuable asset. Don't miss this chance to acquire a well-established and profitable commercial property in a desirable Galesburg location.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    APN 99-14-152-009
    UPID US28-0715017
    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
    • The store Bar & Pub
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Noralina Robinson
    Noralina Robinson
    since 2025
    Last sale
    $75,000
    4 recorded transactions
    2025
    $75,000
    2010
    $10,000
    2008
    $75,000
    2004
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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