Contact us: 563.441.1776
Description
Step into a piece of Galesburg history with the iconic Old City Hall, an architectural gem brimming with timeless charm and character. This distinguished property offers a rare opportunity to own a landmark building that seamlessly blends historic appeal with modern day investment potential. Currently leased and generating steady income, this property provides immediate cash flow for investors seeking both stability and long-term upside. From its striking exterior to the unique interior details, Old City Hall showcases craftsmanship and character that simply cant be replicated. High ceilings, expansive spaces, and unique architectural features create an inspiring environment for tenants and visitors alike. Ideally located in the heart of Galesburg, the property benefits from excellent visibility and accessibility. Whether youre expanding your investment portfolio or looking to own a signature property with a story to tell, Old City Hall delivers a compelling combination of history, income, and opportunity.
Property Highlights
Property Type: Commercial - Office
Building Description: 2.0 stories
Available Sqft: 11318
Year Built: 1904
General Information
County: Knox
Listed By:
CENTURY 21 Tucker Swanson
Office: 309-343-6121
RMLSA
MLS ID: CA1043171
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161 S Cherry Street, Galesburg, IL 61401.
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563-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $225,000 | $225,000 | $225,000 |
| Down Payment | $45,000 | $7,875 | $56,250 |
| Monthly Mortgage Amount | $1,065 | $1,325 | $1,368 |
| Taxes | $313 | $313 | $313 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $99 | $0 |
| Monthly Estimated Total | $1,478 | $1,837 | $1,781 |
About this area
About Galesburg
Galesburg, IL—home of the Railroad Days Festival and known for its rich American history—is a leisurely town with a population of about 29,000 (2024). The town integrates the celebration of its history into its future with its family-friendly festivals and historical gatherings. Events like the annual Railroad Days show reverence for the community’s past and a dedication to its continued vibrance. Many of the buildings in Galesburg are both on the historic registry and are currently in use. Galesburg has a thriving downtown area with unique restaurants and plenty of historic places to visit. The town also has cultivated a vibrant arts scene resulting in a bustling downtown.
If you are ready to start your home buying or selling journey, browse the latest real estate listings in Galesburg, IL. You can also contact us—we are here to help!
Nearest Ruhl & Ruhl Office: Burlington, IA
403 South Gear Avenue
Suite 105
West Burlington, IA 52655
(563) 441-1776
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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