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Garrett Johnson

homesbygarrett@gmail.com +1(847) 337-1157

$5,900,000

Est. payment - /mo

18,120 SqFt

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Key Details

Property Type Commercial

Sub Type Retail/Stores

Listing Status Active

Purchase Type For Sale

Square Footage 18,120 sqft

Price per Sqft $325

MLS Listing ID 12633175

Year Built 2017

Tax Year 2025

Property Sub-Type Retail/Stores

Property Description

Fully occupied retail investment opportunity located at 503 Knox Square Dr in Galesburg, IL, Seminary Square Commercial development. This stabilized strip center offers strong in-place income with a projected 2026 NOI of $354,020.32. Tenant mix includes World Finance, VIP Nails, Armed Forces Career Center, OneMain Financial, Verizon, Great Clips, State Farm, ImpactLife, and Sun Loan, providing diversified income across financial services, personal services, national/regional users, and service-based retail. The property is strategically positioned in a dominant retail corridor near Walmart Supercenter, Aldi, Menards, and immediate access to I-74 / US-34 / Kansas City-Chicago Expressway. 2025 tax rate is not available as of the listing date. Estimated 2026 taxes: $91,416.27.

Location

State IL

County Knox

Area Galesburg

Interior

Fireplace N

Building

Dwelling Type Retail/Stores

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Listed by Shawn Langan of NAI Ruhl Commercial Company

Nearby School & Business

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Garrett Johnson

+1(847) 337-1157

Agent License ID: 475.188206

503 Knox Square DR Galesburg, IL 61401

Garrett Johnson

Key Details

Location

Interior

Building

Nearby School & Business

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