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    313 GALESBURG RD, Knoxville, IL 61448
    313 GALESBURG RD, Knoxville, IL 61448
    313 GALESBURG RD, Knoxville, IL 61448
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    Brandi Griswold

    Brandi Griswold

    +1(217) 242-3641
    Listed by Elizabeth Bowen • RE/MAX Traders Unlimited
    $925,000
    Est. payment /mo
    22,000 SqFt
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    UPDATED:

    Key Details

    Property Type Commercial

    Sub Type Commercial

    Listing Status Active

    Purchase Type For Sale

    Square Footage 22,000 sqft

    Price per Sqft $42

    MLS Listing ID PA1270145

    Annual Tax Amount $8,978

    Tax Year 2025

    Lot Size 0.850 Acres

    Acres 0.85

    Lot Dimensions 164x227

    Property Sub-Type Commercial

    Source rmlsa

    Property Description

    Positioned on a large lot with room inside for future expansion, this 24-unit multifamily property presents an opportunity to increase both scale and long-term value. Recent construction has added a unit mix that includes lofts, efficiency apartments, one-bedroom, and two-bedroom units, providing flexibility to appeal to a broad tenant base. With several newly completed units already in place and additional development potential remaining, investors have the opportunity to continue executing a value-add strategy while building on the progress that's already been made. Whether you're looking to expand an existing portfolio or acquire an asset with meaningful upside, this property offers both current income potential and room for future growth.

    Location

    State IL

    County Knox

    Area Paar Area

    Zoning Commercial

    Direction West on W Main St to Galesburd Rd

    Interior

    Heating Gas

    Cooling Central Air, Other

    Flooring Carpet, Concrete, Tile

    Fireplace N

    Exterior

    View true

    Roof Type Composition Shingle

    Garage 1

    Building

    Faces West on W Main St to Galesburd Rd

    Sewer None

    Water Municipal/City

    Structure Type Vinyl Siding,Frame

    Others

    Tax ID 10-29-252-015

    Miscellaneous Pets Approved

    Security Features No

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    Brandi Griswold

    Brandi Griswold

    +1(217) 242-3641

    Agent License ID: 475.123780

    Agent License ID: 475.123780

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