888 Lake Storey RdGalesburg, IL 61401

  • Commercial real estate
  • 12.05 AC
For Sale
$2,400,000 View listing

Property Details for 888 Lake Storey Rd

Lot size
12.05 AC
Property type
Commercial real estate
APN
95-33-427-001
APU
9533427001

Description

This exceptional 86,000-square-foot flex warehouse, situated on approximately 12.05 acres, presents a compelling investment opportunity. Ideally located near major highways US-34 and US-150, this single-tenant property boasts a comprehensive array of features. The warehouse itself includes four loading docks, a 14-foot overhead drive-through door, three-phase 480V power, energy-efficient LED lighting, and 17-foot ceilings with a 12-foot clear height. Durable five-inch thick concrete flooring ensures longevity. The space is climate-controlled and includes four large restrooms. A substantial office area complements the warehouse, offering approximately six individual offices, a reception area, additional restrooms, and a mezzanine level. Recent capital improvements are extensive and include a new roof, upgraded lighting, two new semi-docks, a state-of-the-art fire sprinkler system, a newly paved driveway servicing the semi-docks, updated doors, and fresh exterior paint. Further enhancements encompass upgraded exterior lighting, fire walls, and fire doors. Interior improvements include fresh paint and upgraded plumbing. The property is zoned B-2 and its APN is 95-33-427-001. This well-maintained and strategically located facility is perfect for businesses seeking a high-quality, functional space.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $160,740,608
    Hospitality
    $147,237,536
    Educational
    $122,499,896
    Medical
    $126,712,856
    Retail
    $190,555,392
888 Lake Storey Rd, Galesburg, Illinois

Location Insight

City
Galesburg
County
Knox
State
Illinois
Latitude
40.9823
Longitude
-90.3846
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
$23,569
$221,840
$26,500
$248,340
-
$665,520
$79,500
$745,020

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