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    Property profile & analytics

    Galesburg, IL 61401

    • Commercial land
    • 6.02 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jun 30, 2023
    $500,000
    Location Intelligence
    Property ID
    US28-4714385
    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.

    Current Use by Public Records

    • Commercial land

    Property Details

    Lot size
    6.02 lot acres
    Property type
    Commercial land
    APN
    95-34-426-022
    APU
    9534426022

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Galesburg
    County
    Knox
    State
    Illinois
    Longitude
    -90.3712395
    Latitude
    40.9478158
    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
    $227
    $2,390
    $0.00
    $2,390
    -
    $7,170
    $0.00
    $7,170

    Comparable in this City

    • Value Estimation by Request
      0.18 Acres

      3200 Henderson St

      VACANT COMMERCIAL LAND • 0.18 Acres
      3200 Henderson St, Galesburg, IL 61401-9582
      View Details
    • Value Estimation by Request

      68 Pr St

      VACANT COMMERCIAL LAND
      68 Pr St, Galesburg, IL 61401-4614
      View Details
    • Value Estimation by Request

      Galesburg, IL 61401

      VACANT COMMERCIAL LAND
      Galesburg, IL 61401
      View Details
    • Value Estimation by Request
      1.48 Acres

      Galesburg, IL 61401

      VACANT COMMERCIAL LAND • 1.48 Acres
      Galesburg, IL 61401
      View Details
    • Value Estimation by Request
      0.46 Acres

      Galesburg, IL 61401

      VACANT COMMERCIAL LAND • 0.46 Acres
      Galesburg, IL 61401
      View Details
    • Value Estimation by Request

      Galesburg, IL 61401

      VACANT COMMERCIAL LAND
      Galesburg, IL 61401
      View Details

    Similar Nearby for Sale

    • $100,000

      Vacant Lot on Henderson Street

      Vacant commercial lot with high visibility in Galesburg, Illinois.
      513 N Henderson St, Galesburg, IL 61401
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    • $600,000

      Galesburg Commercial Building - $600K

      17,250 SF Multi-Use Commercial Property
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    • $40,000
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      Galesburg Commercial Land - $40K

      Prime Commercial Lot, High Traffic Area
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    • $475,000
      1.60 Acres

      Culpeper Office Suite - 2,000 SF

      Prime Culpeper office space, renovated, ample parking.
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      View Details
    • Contact for pricing
      4.36 Acres

      Galesburg Commercial Land - 4.36 Acres

      Prime Galesburg location, high-growth area.
      2701 Gale Vlg Dr, Galesburg, IL 61401
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    • $499,000

      Galesburg Banquet Facility For Sale

      Turnkey Restaurant & Event Space, 12,000 sq ft
      571 North St, Galesburg, IL 61401
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      1,246 SF

      Downtown Main Street Retail/Office Space

      Prime location, 1246 sq ft, single tenant.
      251 Main St, Galesburg, IL 61401
      View Details
    • $12 SF/Yr
      2,550 SF

      Galesburg Commercial Warehouse Space

      High-Visibility Warehouse & Office Space in Galesburg, IL
      825 Henderson St, Galesburg, IL 61401
      View Details
    • $4 SF/Yr
      36,000 SF

      Knox Hwy Industrial Property

      36,000 SF Warehouse, 3.79 Acres
      252 Knox Highway 10, Galesburg, IL 61401
      View Details
    • Contact for pricing
      5,021 SF

      Galesburg Retail Space: Prime Location

      5,021 SF Retail Space - High Visibility
      187 Losey St, Galesburg, IL 61401
      View Details
    • Contact for pricing
      1,500 SF

      Galesburg Retail Space: Prime Location

      1,500 SF Retail Space, Ample Parking
      23 Farnham St, Galesburg, IL 61401
      View Details
    • $16 SF/Yr
      4,647 SF

      Galesburg Restaurant - For Lease

      Prime Galesburg location, high traffic, ample parking.
      1727 Henderson St, Galesburg, IL 61401
      View Details
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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