NOT LISTED FOR SALE

876 W Main St Galesburg, IL 61401

Estimated Value: $231,754

-- Bed
-- Bath
-- Sq Ft
1.14 Acres

Last Sold December 31, 2020

Last sale price $200,000

Est. 16% increase in value since last sale

Current estimated payment $1,492/month

303 Days on Market

About This Home

As of December 2020

This multi use commercial facility lends itself well to retail, office and storage applications. Located at one of Galesburg's busiest corners; State Route 150 (Henderson and Main Streets) which is in close proximity to Bypass 34 and Interstates 74 and 80. Equipped with reception area, showroom space, loading dock, warehouse area and restrooms.

Last Agent to Sell the Property

Chuck Ross

Mel Foster Co. Galesburg License #471017532 Listed on: 01/15/2020

Mel Foster Co. Galesburg

Last Buyer's Agent

Chuck Ross

Mel Foster Co. Galesburg License #471017532 Listed on: 01/15/2020

Mel Foster Co. Galesburg

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $5,370

Year Built

  • Built in 1957

Lot Details

  • 1.14

Utilities

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

Property Details

Property Type

Other

Est. Annual Taxes

$5,370

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Retail
  • Lvt Date: 01/16/2020
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete, Other Flooring, Tile/Vinyl
  • Total Building Sq Ft: 13862
  • Estimated Lot Sq Ft: 49915

Exterior Features

  • Exterior Finish: Block, Brick, Wood Siding
  • Frontage Access: City Street, State Road, Other Frontage/Access
  • Insulation: Unknown
  • Roof Construction: Flat, Metal, Membrane
  • Wall Construction: Block, Brick, Frame

Utilities

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

Lot Info

  • Zoning: B-2
  • Geo Subdivision: IL

Rental Info

  • Sale Lease Includes: Building, Land
  • Terms Lease: N/A

Tax Info

  • Annual Taxes: 5370.26
  • Parcel Id Number Tax Id: 9916227028
  • Tax Incentive: None
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2020
Closed on
Dec 29, 2020
Sold by
Beavers Summer Whiteman Llc
Bought by
Galesburg Community Foundation
Seller's Agent
Chuck Ross
Mel Foster Co. Galesburg
Buyer's Agent
Chuck Ross
Mel Foster Co. Galesburg
List Price
$249,000
Sold Price
$200,000
Premium/Discount to List
-$49,000
-19.68%
Current Estimated Value
$231,754

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,754

Purchase Details

Closed on
Oct 18, 2017
Sold by
Schmidt Land Trust
Bought by
Beavers Whiteman Summers 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
Galesburg Community Foundation $190,000 Attorney Only
Beavers Whiteman Summers Llc $159,000 Western Illinois Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2020 12/31/20 Sold $200,000 -11.1% --
11/13/2020 11/13/20 Pending -- -- --
07/23/2020 07/23/20 Price Changed $225,000 -9.6% --
01/15/2020 01/15/20 For Sale $249,000 -- --
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
2021 $6,101 $62,700 $33,460 $29,240
2020 $5,328 $53,870 $33,460 $20,410
2019 $5,370 $53,870 $33,460 $20,410
2018 $5,197 $52,310 $32,490 $19,820
2017 $9,082 $90,650 $32,490 $58,160
2015 -- $89,310 $32,010 $57,300
2013 $8,051 $90,210 $32,330 $57,880
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: RMACA997512

RMLS Alliance

APN: 99-16-227-028