50 E MAIN Street, Galesburg, IL 61401 | CA1007051 | Mel Foster Brokerage, LLC

50 E MAIN Street $895,000


    50 E MAIN Street Galesburg, IL 61401

    • Commercial
    • MLS# CA1007051
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    Views: 617 Days On Site: 505

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    Property Details

    Well constructed masonry/marble building with drive up facilities and off street parking. Many updates in the last several years including energy efficient improvements. Recently utilized as a bank and business offices (attorney's office still in operation). More office space in lower level (current leasing options available for main floor and lower level). Located on the corner of city square (State Route 150) with high traffic and prominent exposure in the heart of downtown. Lease information available upon request with signing of confidentiality agreement. Zoned B-3 (Central Business). Approximate lot square footage is 28,268. Taxes for 2020 were $42,113.10.

    • General Features
      • Annual Tax Amount 41573.28
      • Location Downtown
      • Ownership Type LLC
      • Possible Use Office
      • Sale Lease Includes Building
      • Tax Year 2021
      • Zoning B-3
    • Building Features
      • Building Area Total 6527
      • Construction Materials Masonry, Other
      • Cooling Central Air
      • Flooring Carpet,Terazzo
      • Heating Forced Air, Gas Hot Air Furnace
      • Insulation Unknown
      • Levels Two,Basement,Multi-Tenant
      • Roof Membrane
    • Property Features
      • Frontage Type Corner Lot,Interstate,Paved 4Lane,State Road
      • Lot Size Acres 0
      • Sewer Public Sewer


    Chuck Ross   REALTOR®

    Chuck Ross REALTOR®

    Broker, GRI, CRB

    Licensed in Illinois

    Mel Foster Co. Galesburg

    Cell: 309-337-0854
    • Mel Foster Insurance


    61401 (Galesburg) Demographics

    42 Median Age
    286 Population Density (per sq. mile)
    30% College Educated
    $39,516 Estimated Median Income
    8,062 Estimated Total Home Owners
    5,432 Estimated Total Renters
    60% / 40% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    32,831 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $79,950 Median Sales Price
    40 Homes Sold
    38 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $895,000
        5/14/2021 11:25:00 AM New in Database Source: Multiple Listing Service New Value: $895,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.