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Description
Own a true piece of Galesburg history with the iconic Old Armory, an impressive and storied property filled with character, charm, and endless potential. Rich with a deep rooted past, this landmark building offers a unique opportunity to invest in a space that has long been a cornerstone of the community. Currently partially leased, the property provides immediate income with additional upside for future growth. A fully operational kitchen is already in place and leased, adding to the buildings versatility and appeal. Inside, youll find expansive open areas that can easily accommodate a wide range of uses, from event space and recreation to retail, office, or redevelopment opportunities. With its striking presence, historic significance, and flexible layout, the Old Galesburg Armory is perfectly suited for an investor or visionary looking to bring new life to a truly special property. Unlock the potential and carry on the legacy of one of Galesburgs most recognizable buildings.
Property Highlights
Property Type: Commercial - Industrial
Building Description: 2.0 stories
Available Sqft: 23498
General Information
County: Knox
Listed By:
CENTURY 21 Tucker Swanson
Office: 309-343-6121
RMLSA
MLS ID: CA1043170
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149 N Broad Street, Galesburg, IL 61401.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $350,000 | $350,000 | $350,000 |
| Down Payment | $70,000 | $12,250 | $87,500 |
| Monthly Mortgage Amount | $1,656 | $2,060 | $2,127 |
| Taxes | $487 | $487 | $487 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $154 | $0 |
| Monthly Estimated Total | $2,245 | $2,803 | $2,716 |
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