NOT LISTED FOR SALE

503 Knox Square Dr Galesburg, IA 61401

Estimated Value: $3,655,760

-- Bed
-- Bath
5,188 Sq Ft
$705/Sq Ft Est. Value

Last Sold July 18, 2022

Last sale price $772,800 $149 Per Sq Ft

Est. 373% increase in value since last sale

Current estimated payment $22,886/month

1,108 Days on Market

About This Home

As of July 2022

Endcap to Walmart shadow anchor retail strip. Excellent visibility in major retail development in Galeburg. Area tenants include Walmart, Kohl's, Menards, Maurices, Verizon and others. 2 miles from I-74.

Last Agent to Sell the Property

Richard Weinstein

NAI Ruhl Commercial Company License #S38528000/475.135488 Listed on: 03/27/2019

NAI Ruhl Commercial Company

Last Buyer's Agent

Non-Member Non-Member

Non-Member

Property Details

Property Type

  • Other

Lot Details

  • 8.04

Utilities

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

Listing and Financial Details

  • Tenant pays for real estate taxes, insurance, common area, common area maintenance, janitorial
  • The owner pays for structural maintenance

Property Details

Property Type

Other

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Retail
  • Handicap Modified: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Total Building Sq Ft: 36315
  • Estimated Lot Sq Ft: 351094

Exterior Features

  • Exterior Finish: Block, Concrete
  • Frontage Access: Corner Lot
  • Insulation: Roof, Side Walls
  • Roof Construction: Membrane
  • Wall Construction: Block

Garage/Parking

  • Numberparking Spaces Allocated: 10

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Gas
  • Water Supply: Municipal/City

Lot Info

  • Estimated Number of Acres: 8.04
  • Zoning: B-2
  • Geo Subdivision: IL
  • Property Use: Power Center, Strip Center

Rental Info

  • Lease Dollar Sq Ft: 23
  • Lease Type: Net
  • Owner Pays: Structural Maintenance
  • Sale Lease Includes: Building
  • Tenant Pays: Real Estate Taxes, Insurance, Common Area, Common Area Maint, Janitorial
  • Terms Lease: 5 Years, Other Term/Lease

Tax Info

  • Annual Taxes: 161967
  • Parcel Id Number Tax Id: 9535302001
  • Estimated Taxes Sq Ft: 4.48
  • Tax Incentive: In City Limit
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 19, 2014
Sold by
Horne Real Estate Llc
Bought by
Galesburg Holdings Llc
Current Estimated Value
$3,655,760
Source: Public Records

Range of Values:

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Average Value
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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
Galesburg Holdings Llc $5,150,000 First American Title Insurance
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/18/2022 07/18/22 Sold $772,800 0.0% $149 / Sq Ft
04/10/2022 04/10/22 For Sale -- -- --
04/08/2022 04/08/22 Pending -- -- --
03/28/2020 03/28/20 Off Market $772,800 -- --
03/27/2019 03/27/19 For Sale $77,820 -- $15 / Sq Ft
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 $168,058 $1,811,300 $412,150 $1,399,150
2023 $168,058 $1,753,780 $399,060 $1,354,720
2022 $164,523 $1,735,970 $399,060 $1,336,910
2021 $159,366 $1,637,710 $376,470 $1,261,240
2020 $161,967 $1,637,710 $376,470 $1,261,240
2019 $163,262 $1,637,710 $376,470 $1,261,240
2018 $162,268 $1,633,330 $408,830 $1,224,500
2017 $163,635 $1,633,330 $408,830 $1,224,500
2015 -- $1,716,600 $510,200 $1,206,400
2013 $62,854 $826,550 $295,200 $531,350
Source: Public Records

Agents Affiliated with this Home

  • Richard Weinstein

    Seller's Agent in 2022

    Richard Weinstein

    NAI Ruhl Commercial Company

    (563) 355-4000

    1 in this area

    16 Total Sales

    Richard Weinstein
    Section Image

  • N

    Buyer's Agent in 2022

    Non-Member Non-Member

    Non-Member

See All Agents

Map

Source: RMLS Alliance

MLS Number: RMAQC7040547

RMLS Alliance

APN: 95-35-302-001

Iowa Knox County Galesburg 61401

503 Knox Square Dr, Galesburg, IA

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