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Galesburg Office - Retail Center

Galesburg Office - Retail Center

Located in the Heart of Downtown Galesburg

Very Walkable Community
Potential Tenant Waiting List
Upside in Renting Out Conference Space

311 East Main Street, Galesburg, IL 61401

Request Offering Memorandum

311 East Main Street, Galesburg, IL.jpg

Market Summary

Price                               $2,250,000

Cap Rate                        9.08%

NOI                                 $204,349 

Rentable SF                   79,183 SF

Price per SF                   $28.42

Year Built                        1928

Lot Size                           .47 Acres


Marcus & Millichap is pleased to present the Galesburg Office Center located in the heart of Galesburg, Illinois. The 79,183-square foot mixed-used property is home to over 70 plus tenants and regularly has a waiting list for space. Built in 1928 by the Bondi family, this will be the first time the property has changed ownership. Otis Elevator, the original tenant is still in the building today.
Galesburg is the county seat of Knox County, Illinois and the principal city in the in the Galesburg micropolitan statistical area.

Due to the method in which the city was founded, the city of Galesburg maintains a large inventory of historical elements including landmarked homes, railroad museum, Carl Sandburg State Historic Site, Discovery Depot Children's Museum and a lively arts and dining scene.

Galesburg was originally developed as a college town in the mid 1800's and is still home to Knox College a private liberal arts college founded in 1837 and Carl Sandburg College, a two-year community college.

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