248 E Simmons Street Galesburg, IL 61401 • Commercial - Business • Active $300,000

Description

Rare opportunity to own a substantial commercial property in the heart of downtown Galesburg. Located at 240 & 248 E. Simmons Street, this approximately 13,000-square-foot, two-story, two-unit property offers an exceptional combination of historic character, flexible space, redevelopment potential, and income-producing opportunity. The recently renovated 1,500-square-foot restaurant/bar at 248 E. Simmons Street is currently leased under a three-year lease, providing an established income stream while allowing for further development of the 240 E. Simmons Street portion of the property. The approximately 12,000-square-foot building at 240 E. Simmons Street offers the potential to be developed into 3- 5 additional commercial units. With a generous floor plan and extensive street-level window frontage, the property provides excellent visibility and a variety of opportunities for expansion, redevelopment, or additional income-producing space. Situated in downtown Galesburg, the property benefits from a walkable location surrounded by established businesses, restaurants, entertainment, and other downtown amenities. Recent improvements to the surrounding streetscape, sidewalks, parking, and street lighting further enhance the propertys location and appeal. Whether youre looking to establish your own business, create multiple income-producing commercial spaces, or undertake a larger downtown redevelopment project, 240 & 248 E. Simmons Street offers a unique opportunity.

Property Highlights