227-235 East Main Street, Galesburg, IL

Shopping Center for Sale - $385,000


Agent Info

Anthony Briguglio
Cross Country Commercial Realty

Property Info

CIMLS#1086167
Location
  227-235 East Main Street
  Galesburg IL 61401
UpdatedDecember 19th, 2020
TypeShopping Center
Price$385,000

Attached Documents


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Property Description

• 227- Wordsmith Bookshoppe- 2,600 sq ft

• Rent: $2,125 a month, Lease ends July 31, 2022

• 229- Vacant- 1,400 sq ft(Currently being used by RAES, until vacancy is

filled.

• BASEMENT- RAES(Regional Alternative Education Services)- 4,000 sq ft

• Rent- $1,200 a month, Month to month lease. Would sign lease if

needed.

• 235- Jimmy Johns- 2,600 sq ft

• Rent- $2,190 a month, Lease ends November 30, 2024

• Expenses:

• Utilities- $2,400

• Taxes- $12,800

• Insurance- $3,481

NOI: $47,499, 11.8% cap rate

Fully Renovated in 2015