313
GALESBURG
Road
Knoxville,
IL
61448
CLS #PA1270145
$700,000
$950.00/sq.ft.
22000 Total Sq. Ft.
22000 Available Sq. Ft.
Available for Purchase.
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.
Listing Features
Type:
Land, Building, License/Permits, Inventory
Zoning:
Commercial
County:
Knox
Water/Sewer:
None
Total Sq. Ft.:
22000
Approximate Lot Size:
164x227
Directions:
West on W Main St to Galesburd Rd
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals.
This listing compliments of
RE/MAX Traders Unlimited
RE/MAX Traders Unlimited
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Last Updated on 9/26/2026 11:17:04 PM