1055 Henderson StGalesburg, IL 61401

  • Commercial real estate
  • 0.02 AC
For Sale
$195,000 View listing

Property Details for 1055 Henderson St

Lot size
0.02 AC
Property type
Commercial real estate
APN
99-10-104-007
APU
9910104007

Description

This exceptional 4,000 square foot commercial building at 1055 N Henderson Street in Galesburg, Illinois presents a remarkable opportunity for businesses seeking high visibility and convenient accessibility. Boasting a newly installed roof (2023), the property features a spacious open primary room ideal for a variety of uses, complemented by additional, adaptable storage rooms with movable walls. Its strategic location on a busy main road ensures significant exposure to an average daily traffic count of 14,500 vehicles. This prime location is surrounded by a thriving mix of established retail and restaurant businesses, including McDonald's, KFC, and Walgreens, guaranteeing high foot traffic and brand recognition. Ample on-site parking provides exceptional convenience for customers and employees. Previously utilized as a consignment store, this versatile space offers significant flexibility for a wide range of commercial ventures. The B-1 zoning allows for diverse business types, including clothing stores, beauty shops, gift shops, professional offices, and studios. Conditional uses further expand possibilities to include craft/hobby shops, furniture stores, and even rage rooms. A comprehensive list of permitted businesses under this zoning is available upon request. This property represents an exceptional investment opportunity in a dynamic and desirable location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $213,444
    Hospitality
    $195,513
    Educational
    $162,665
    Medical
    $168,259
    Retail
    $253,034

Location Insight

City
Galesburg
County
Knox
State
Illinois
Latitude
40.9599
Longitude
-90.3827
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
$5,313
$21,860
$34,120
$55,980
-
$65,580
$102,360
$167,940

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