127 N Cherry St - Office FOR SALE


Galesburg, IL 61401
$79,900 USD
309-335-3573
127 N Cherry St, Galesburg, IL for Sale
$79,900 USD
Office - FOR SALE
1/3
null | Request Cap Rate

127 N Cherry St
Galesburg, IL 61401


HIGHLIGHTS

  • Prime downtown location
  • Currently leased making this a great income-producing opportunity!

OVERVIEW

Prime downtown location! One-story commercial building situated on a corner lot offering excellent visibility and easy access! Property boasts 8 dedicated parking places plus additional street parking for customers and staff. Inside, you’ll find a welcoming reception area, a large corner office with half bathroom, a convenient conference room, and a back office providing extra workspace or storage. The property also includes a kitchenette and washer/dryer hookups. Current tenants are on a lease through March 2025 and would like to extend, making this a great income-producing opportunity! Other possibilities for this building zoned B-3 include auto rental shop, tobacco store, coffee house, craft/hobby shop, flower shop, or professional office space. See attached document for full list of potential businesses allowed in this zoning.

FOR SALE DETAILS

PRICE

$79,900 USD

PRICE/SF

$70 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Service

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

B-3

APN/PARCEL ID

99-10-478-006

ASK ABOUT THIS PROPERTY

Sara VarnerPlatinum Key Real EstateMore Info
309-335-3573

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Sara VarnerPlatinum Key Real EstateMore Info
309-335-3573

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.