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Commercial Property 1980 National Blvd 4,500 SF Vacant Office Building Galesburg, IL 61401 $969,594 CAD ($215.47 CAD/SF)
Investment Highlights
- Visibility from several different streets including N. Henderson St.
- Building sits in front of the Galesburg Crossing Subdivision with several stores and a Hy-Vee grocery store.
- Easy Access
- Additional Income from suite 2 .
Executive Summary
For sale: a two-unit commercial property with unique specifications. One unit was specifically designed for use as a credit union, while the other serves as general office space. The property is located at 1920 National Blvd, Galesburg, IL, and covers a site area of 31,799 square feet. It features a 4,500-square-foot concrete block building, along with a spacious concrete parking lot. The property is positioned on the east side of the heavily trafficked N Henderson Street, within a high-density area surrounded by similar commercial establishments.
Additionally, Edward Jones leases a 1,200-square-foot space at 1980 National Blvd, Suite 2, with the lease set to expire in September 2027 and an option to extend.
The building could be easily converted to a drive-thru food establishment or coffee store.
The building could easily be converted to a drive-thru food establishment.
Additionally, Edward Jones leases a 1,200-square-foot space at 1980 National Blvd, Suite 2, with the lease set to expire in September 2027 and an option to extend.
The building could be easily converted to a drive-thru food establishment or coffee store.
The building could easily be converted to a drive-thru food establishment.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
4,500 SF
Building Class
B
Year Built/Renovated
1979/2002
Price
$969,594 CAD
Price Per SF
$215.47 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,500 SF
Building FAR
0.14
Lot Size
0.73 AC
Zoning
B-2 - B-2 Commercial
Parking
26 Spaces (5.51 Spaces per 1,000 SF Leased)
Amenities
- Banking
- Air Conditioning
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Total Assessment | $647,278 CAD | |
| Land Assessment | $161,658 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $485,620 CAD | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$161,658 CAD
Improvements Assessment
$485,620 CAD
Total Assessment
$647,278 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Commercial Property | 1980 National Blvd
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