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 | |
| Updated | December 19th, 2020 |
| Type | Shopping Center |
| Price | $385,000 |
Attached Documents
Contact
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