Tammy Saia Contact Info:

Phone: (630) 570-2226

Email: tsaia@marcusmillichap.com
Tami Andrew Contact Info:

Phone: (630) 570-2179

Email: tandrew@marcusmillichap.com

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





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
Description
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.