NOT LISTED FOR SALE

158 N Broad St Galesburg, IL 61401

Estimated Value: $143,074

-- Bed
-- Bath
-- Sq Ft
7,405 Sq Ft Lot

Last Sold September 23, 2022

Last sale price $125,000

Est. 14% increase in value since last sale

Current estimated payment $1,088/month

About This Home

As of September 2022

Here is your chance to own a well established bar/restaurant/live entertainment space just off the square in historic downtown Galesburg. This is a turn key facility ready for you start generating income immediately. Seller will lease the property for $2500/mo. See system supplement for items being conveyed.

Last Agent to Sell the Property

Kori Jensen

CENTURY 21 Tucker Swanson License #471020928 Listed on: 05/04/2022

Co-Listed By

Kit Wilcox

CENTURY 21 Tucker Swanson License #475099856

Last Buyer's Agent

Kori Jensen

CENTURY 21 Tucker Swanson License #471020928 Listed on: 05/04/2022

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $3,805

Year Built

  • Built in 1925

Lot Details

  • 7,405

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • The owner pays for all

Property Details

Property Type

Other

Est. Annual Taxes

$3,805

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Restaurant
  • Lvt Date: 05/04/2022
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete, Wood
  • Total Building Sq Ft: 4410
  • Estimated Lot Sq Ft: 7735

Exterior Features

  • Exterior Finish: Block, Brick
  • Frontage Access: Paved 2Lane, City Street
  • Insulation: Party Walls
  • Roof Construction: Flat
  • Wall Construction: Block, Brick

Garage/Parking

  • Numberparking Spaces Allocated: 8

Utilities

  • Electric Company: Ameren
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Supply: Municipal/City
  • Gas Company: Ameren
  • Water Company: Galesburg

Association/Amenities

  • Amenities: Cable, Wireless Internet

Lot Info

  • Estimated Number of Acres: 0.17
  • Zoning: commerical
  • Estimated Land Size: 49.27 x 156.75
  • Geo Subdivision: IL
  • Irregular Lot: No

Rental Info

  • Monthly Lease Rate: 2500
  • Lease Type: Gross
  • Owner Pays: All
  • Sale Lease Includes: Building, Business
  • Terms Lease: 2 Years, 3 Years, 4 Years, 5 Years, Other Term/Lease

Tax Info

  • Annual Taxes: 3804.64
  • Parcel Id Number Tax Id: 99-10-456-004
  • Tax Incentive: None
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2022
Closed on
Sep 23, 2022
Sold by
Varner Burl E
Bought by
Jcc Properties Llc
Seller's Agent
Kori Jensen
CENTURY 21 Tucker Swanson
Buyer's Agent
Kori Jensen
CENTURY 21 Tucker Swanson
List Price
$299,000
Sold Price
$125,000
Premium/Discount to List
-$174,000
-58.19%
Views
10
Current Estimated Value
$143,074

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,074
Avg. Annual Appreciation
3.97%
Original Mortgage
$102,780
Outstanding Balance
$99,190
Interest Rate
6.11%
Mortgage Type
Construction
Estimated Equity
$41,183

Purchase Details

Closed on
Jan 24, 2008
Sold by
Foley William J
Bought by
Brass Elk 1 Llc
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
Jcc Properties Llc $125,000 Western Illinois Title
Brass Elk 1 Llc $74,250 Attorney Only
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jcc Properties Llc $102,780
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/23/2022 09/23/22 Sold $125,000 -58.2% --
07/19/2022 07/19/22 Pending -- -- --
05/04/2022 05/04/22 For Sale $299,000 -- --
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 $3,908 $42,120 $8,420 $33,700
2023 $3,908 $40,780 $8,150 $32,630
2022 $3,865 $40,780 $8,150 $32,630
2021 $3,744 $38,470 $7,690 $30,780
2020 $3,805 $38,470 $7,690 $30,780
2019 $3,835 $38,470 $7,690 $30,780
2018 $3,711 $37,350 $7,470 $29,880
2017 $3,742 $37,350 $7,470 $29,880
2015 -- $36,800 $7,360 $29,440
2013 $3,318 $37,170 $7,430 $29,740
Source: Public Records

Agents Affiliated with this Home

  • Kori Jensen

    Seller's Agent in 2022

    Kori Jensen

    CENTURY 21 Tucker Swanson

    (309) 620-6428

    203 in this area

    284 Total Sales

    Kori Jensen
    Section Image
  • Kit Wilcox

    Seller Co-Listing Agent in 2022

    Kit Wilcox

    CENTURY 21 Tucker Swanson

    (309) 368-0100

    128 in this area

    174 Total Sales

    Kit Wilcox
    Section Image
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Map

Source: RMLS Alliance

MLS Number: CA1014064

RMLS Alliance

APN: 99-10-456-004

Illinois Knox County Galesburg 61401

158 N Broad St, Galesburg, IL

This home is located at 158 N Broad St, Galesburg, IL 61401 since 04 May 2022 and is currently priced at $143,074. This property was built in 1925. 158 N Broad 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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