22,000 sqft

$925,000

313 GALESBURG Road, Knoxville IL, 61448

Price per sqft$42.05

Property size22,000 sqft

Property typeCommercial

Courtesy of RE/MAX Traders Unlimited, Listing Contact:

Overview

Active

Listed Sep 14, 2026

Updated 8 days ago

Positioned on a large lot with room inside for future expansion, this 24-unit multifamily property presents an opportunity to increase both scale and long-term value. Recent construction has added a unit mix that includes lofts, efficiency apartments, one-bedroom, and two-bedroom units, providing flexibility to appeal to a broad tenant base. With several newly completed units already in place and additional development potential remaining, investors have the opportunity to continue executing a value-add strategy while building on the progress that's already been made. Whether you're looking to expand an existing portfolio or acquire an asset with meaningful upside, this property offers both current income potential and room for future growth.

Additional information

MLS^® ID: PA1270145

Interior Features

Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.85 Acres

Other Property Details

Taxes: $8,978
Tax Frequency: Annually

Listings courtesy of RMLS Alliance as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Jay Kehrer shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS.

Based on information submitted to the MLS GRID as of 3:29 AM UTC on 10/21/2026. 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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