313 GALESBURG RD, Knoxville, IL 61448
313 GALESBURG RD, Knoxville, IL 61448
313 GALESBURG RD, Knoxville, IL 61448
313 GALESBURG RD, Knoxville, IL 61448
313 GALESBURG RD, Knoxville, IL 61448
313 GALESBURG RD, Knoxville, IL 61448
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Shonna Murrey

Shonna Murrey

+1(515) 612-8939
Listed by Elizabeth Bowen • RE/MAX Traders Unlimited
$ 700,000
Est. payment | /mo

22,000 SqFt

Save
$ 700,000
Est. payment | /mo
Save

22,000 SqFt

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 22,000 sqft

Price per Sqft $31

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 Natural 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

Nearby Locations

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Shonna Murrey
Shonna Murrey

Broker Associate License ID: 64826000

+1(515) 612-8939

315 SW Maple St, Ankeny, IA 50023, USA

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313 GALESBURG RD

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