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$1,600,000
Est. payment /mo
139,192 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Instut/To Develop
Listing Status Active
Purchase Type For Sale
Square Footage 139,192 sqft
Price per Sqft $11
MLS Listing ID 12296975
Year Built 1912
Annual Tax Amount $20,122
Tax Year 2023
Lot Size 2.700 Acres
Lot Dimensions 395X333
Property Sub-Type Instut/To Develop
Property Description
Introducing St. Mary's Square - a unique and expansive redevelopment opportunity in the heart of Galesburg, IL. Located at 239 S Cherry Street, directly across from the Knox County Courthouse and Knox College, this historic property offers 2.7 acres and approximately 139,192 square feet of space, primed for transformation. Originally home to St. Mary's Hospital and later repurposed as St. Mary's Square Living Center, this vacant property provides a blank canvas for investors and developers. With 168 total resident rooms, a Living Center, and a Boiler/Laundry Facility, the site is ideal for a multi-family residential conversion, office space, or even a rooftop restaurant with stunning city views. The property features an asphalt and concrete parking lot with space for at least 45 vehicles, ensuring convenience for future residents or tenants. Additionally, its location within an Enterprise Zone offers potential tax benefits and investment incentives, making this an even more attractive development prospect. Positioned just steps away from downtown Galesburg's amenities, including dining, shopping, and entertainment, St. Mary's Square presents an unparalleled opportunity to bring new life to this historic site. Whether you envision modern apartments, a mixed-use office space, or a vibrant community hub, this property is ready for its next chapter. Don't miss this rare chance to revitalize a landmark location-schedule a viewing today!
Location
State IL
County Knox
Area Galesburg
Zoning COMMR
Interior
Cooling None
Fireplace N
Building
Dwelling Type Instut/To Develop
Level or Stories 5
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Listed by Ubaldo Diaz • Real Broker, LLC