1110 E Main St, Galesburg, IL

Retail for Lease - $8 SqFt/Year


Agent Info

Nick Ragle
Coldwell Banker Commercial Devonshire Realty

Property Info

CIMLS#487921
Location
  1110 E Main St
  Galesburg IL 61401
UpdatedApril 10th, 2025
TypeRetail
Price$8 SqFt/Year

Property Description

Coldwell Banker Commercial Devonshire Realty is pleased to offer this freestanding retail property for sublease. Situated on a half-acre lot, the property is well-suited for a variety of retail or service-oriented businesses. The building provides a functional layout and flexible space to accommodate different business needs. The location benefits from high visibility and strong traffic counts, with a combined average daily traffic (AADT) of over 14,000 at the nearby intersection of E Main St and Grand Ave. The current lease extends until May 31st, 2027. This property features a triple net lease (NNN), requiring the tenant to maintain insurance, all maintenance, and property taxes in addition to the base rent. However, the tenant is open to negotiating a modified gross lease structure with a prospective subtenant, with the gross rate to be determined by the agreed-upon terms and responsibilities.