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Listed by Justin McNaught • RE/MAX Preferred Properties
$300,000
Est. payment /mo
13,102 SqFt
New
248 E SIMMONS ST Galesburg, IL 61401
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Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 13,102 sqft
Price per Sqft $22
MLS Listing ID CA1046834
Annual Tax Amount $6,031
Tax Year 2025
Property Sub-Type Commercial
Source rmlsa
Property Description
Rare opportunity to own a substantial commercial property in the heart of downtown Galesburg. Located at 240 & 248 E. Simmons Street, this approximately 13,000-square-foot, two-story, two-unit property offers an exceptional combination of historic character, flexible space, redevelopment potential, and income-producing opportunity. The recently renovated 1,500-square-foot restaurant/bar at 248 E. Simmons Street is currently leased under a three-year lease, providing an established income stream while allowing for further development of the 240 E. Simmons Street portion of the property. The approximately 12,000-square-foot building at 240 E. Simmons Street offers the potential to be developed into 3- 5 additional commercial units. With a generous floor plan and extensive street-level window frontage, the property provides excellent visibility and a variety of opportunities for expansion, redevelopment, or additional income-producing space. Situated in downtown Galesburg, the property benefits from a walkable location surrounded by established businesses, restaurants, entertainment, and other downtown amenities. Recent improvements to the surrounding streetscape, sidewalks, parking, and street lighting further enhance the property's location and appeal. Whether you're looking to establish your own business, create multiple income-producing commercial spaces, or undertake a larger downtown redevelopment project, 240 & 248 E. Simmons Street offers a unique opportunity.
Location
State IL
County Knox
Area Galesburg Southeast
Zoning Commerical
Direction Property is in the in middle on Simmons St.
Interior
Heating None
Cooling None
Flooring Concrete
Fireplace N
Exterior
View true
Roof Type Membrane,Rolled/Hot Mop
Garage 1
Building
Faces Property is in the in middle on Simmons St.
Sewer Public Sewer
Structure Type Brick,Glass,Block,Frame,Stone
Others
Tax ID 9915231015
Security Features No
Nearby Locations
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