Property profile

800 Spring St Galena, IL 61036

FOR SALE
Other commercial real estate
Property ID
US28-4685812
3.98 ac lot
Entity Owned 12-yr Hold Free & Clear
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For Sale
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800 Spring St, Galena, IL 61036
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Property summary

AI-generated overview

The property is a two-level commercial building located on a 3.98-acre site in Galena, Illinois, with visibility and frontage along Highway 20/Spring Street. It contains over 11,000 square feet configured with a large retail showroom area and multiple office suites across both levels. The main level includes an open retail/showroom layout with 10-foot ceilings, finish work, display windows, private offices, reception areas, conference space, storage areas, multiple restroom facilities, and additional business spaces. The upper level provides office suites and workspaces along with storage rooms and flexible interior configurations, and includes access supported by a wraparound rear parking arrangement. The exterior features windows, frontage, and multiple entrances. The building is situated on a heavily traveled commercial corridor and is positioned within minutes of historic downtown Galena and nearby retail and dining amenities.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 3.98 ac (173,369 SF)
APN 22-200-132-10
UPID US28-4685812

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Alternative Medicine Practice
  • Alternative Medicine Practice
  • Marketing & Advertising (Bike/Boat/Book/etc) Store
  • Carpet & Flooring Store Hardware & Home Improvement
  • Psychotherapist Addiction Treatment Center

Location

800 Spring St Galena, IL 61036
Galena metro Census 20300
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

since 2013
1 recorded transaction
2013
$44,000

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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More about this property
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