NOT LISTED FOR SALE

140 S Prairie St Galesburg, IL 61401

Estimated Value: $228,273

-- Bed
-- Bath
-- Sq Ft
9,627 Sq Ft Lot

Last Sold December 16, 2020

Last sale price $250,000

Est. 9% decrease in value since last sale

Current estimated payment $1,635/month

457 Days on Market

About This Home

As of December 2020

Solidly built multi-use commercial building located in the heart of downtown Galesburg. Current tenant includes radio station. Newspaper would consider leasing back approximately 5,000-8,000 sq. ft. Inside loading dock available which newspaper would like to share if possible. Approximately 25+ off street parking spaces with additional public parking nearby. Possibilities include microbrewery-restaurant, office and/or retail. Located in Enterprise Zone. Co-Listed with Bell Cornerstone - Greg Cleghorn - gcleghorn@bellcornerstone.com

Last Agent to Sell the Property

Chuck Ross

Mel Foster Co. Galesburg License #471017532 Listed on: 08/07/2019

Mel Foster Co. Galesburg

Last Buyer's Agent

Chuck Ross

Mel Foster Co. Galesburg License #471017532 Listed on: 08/07/2019

Mel Foster Co. Galesburg

Property Details

Property Type

  • Other

Lot Details

  • 9,627

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Property Details

Property Type

Other

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Office
  • Lvt Date: 08/08/2019
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete, Carpeted
  • Total Building Sq Ft: 22735
  • Estimated Lot Sq Ft: 36761

Exterior Features

  • Exterior Finish: Brick, Concrete
  • Frontage Access: City Street
  • Insulation: Unknown
  • Roof Construction: Membrane, Tar/Gravel
  • Wall Construction: Brick, Masonry

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Gas

Lot Info

  • Zoning: B-3
  • Geo Subdivision: IL
  • Parcel 3: 9915230028 & 9915230029
  • Parcel 4: 9915230009

Rental Info

  • Lease Dollar Sq Ft: 8
  • Sale Lease Includes: Building, Land, Sale/Lease Other
  • Terms Lease: Other Term/Lease

Tax Info

  • Annual Taxes: 18151.94
  • Parcel Id Number Tax Id: 9915230014
  • Tax Incentive: Enterprize Zone
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2019
Closed on
Dec 9, 2020
Sold by
Gatehouse Media Illinois Hldgs
Bought by
Jordan Johnson
Seller's Agent
Chuck Ross
Mel Foster Co. Galesburg
Buyer's Agent
Chuck Ross
Mel Foster Co. Galesburg
List Price
$350,000
Sold Price
$250,000
Premium/Discount to List
-$100,000
-28.57%
Current Estimated Value
$228,273

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$21,727
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Jordan Johnson -- Western Illinois Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2020 12/16/20 Sold $250,000 -28.6% --
11/06/2020 11/06/20 Pending -- -- --
08/03/2020 08/03/20 For Sale $350,000 +40.0% --
08/01/2020 08/01/20 Off Market $250,000 -- --
05/14/2020 05/14/20 Price Changed $350,000 -22.2% --
01/16/2020 01/16/20 Price Changed $450,000 -9.1% --
08/07/2019 08/07/19 For Sale $495,000 -- --
Source: RMLS Alliance

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,729 $40,150 $9,340 $30,810
2023 $4,729 $38,870 $9,040 $29,830
2022 $4,656 $38,870 $9,040 $29,830
2021 $7,829 $64,010 $8,530 $55,480
2020 $7,931 $64,010 $8,530 $55,480
2019 $7,981 $64,010 $8,530 $55,480
2018 $24,151 $194,220 $8,280 $185,940
2017 $24,313 $194,220 $8,280 $185,940
2015 -- $191,350 $8,160 $183,190
2013 $22,108 $193,280 $8,240 $185,040
Source: Public Records

Agents Affiliated with this Home

  • Chuck Ross

    Seller's Agent in 2020

    Chuck Ross

    Mel Foster Co. Galesburg

    (309) 277-7702

    90 in this area

    126 Total Sales

    Chuck Ross
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Map

Source: RMLS Alliance

MLS Number: RMACA1391

RMLS Alliance

APN: 99-15-230-014

Illinois Knox County Galesburg 61401

140 S Prairie St, Galesburg, IL

This home is located at 140 S Prairie St, Galesburg, IL 61401 since 07 August 2019 and is currently priced at $228,273. 140 S Prairie St is a home located in Knox County with nearby schools including Silas Willard Elementary School, Galesburg Junior Senior High School, and Galesburg High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

RMLS Alliance IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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