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    Property profile & analytics
    FOR SALE
    Commercial land

    513 N Henderson St, Galesburg, IL 61401

    0.03 ac lot
    Entity Owned 11-yr Hold Free & Clear
    Property ID
    US28-2884656
    Property summary
    AI-generated overview

    This exceptional 0.58-acre commercial land parcel, located at 513 N. Henderson St. in Galesburg, Illinois (APN: 99-10-301023), presents a compelling investment opportunity. Zoned B-1, this vacant lot boasts excellent visibility along Henderson Street, a key thoroughfare strategically positioned between Interstate 74 and US-34. Its proximity to the Galesburg downtown business district ensures high traffic volume and exposure to a diverse customer base. The property benefits from the presence of college student traffic, creating potential for various commercial ventures. While the sale includes some restrictions, this prime location offers significant potential for development and return on investment. The asking price is $100,000. The property's address is verified as 513 N Henderson St, Galesburg, IL 61401, situated in Knox County. The geographic coordinates are latitude 40.953519 and longitude -90.3828915. Serious inquiries are encouraged to explore the possibilities this unique property offers.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 0.03 ac (1,394 SF)
    APN 99-10-301-023
    UPID US28-2884656
    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
    • Galesburg Insurance Insurance Agency
    • Rebecca Clark Agency Insurance Agency
    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
    Macs Convenience Stores LLC · 11 yrs held
    Macs Convenience Stores LLC
    since 2014
    7 recorded transactions
    2014
    $360,000
    2013
    $375,000
    2013
    $295,000
    2013
    $295,000
    2011
    $405,000
    2006
    $350,000
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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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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