Acquisition Date: November 2020
2200 North Henderson Street is a to-be-developed retail development along the busiest retail corridor in Galesburg, Illinois. Located in the heart of Galesburg’s Henderson Street retail corridor, the property benefits from its close proximity to Interstate-74 and high daily traffic counts on Henderson Street of approximately 19,000 vehicles per day. The property is surrounded by numerous national and regional tenants including Target, Lowe’s Home Improvement, Hy-Vee, Marshalls, AMC Theaters, PetSmart, Harbor Freight, and Slumberland. The are many nationally branded hotels around the property as well including Fairfield Inn, Quality Inn, and Country Inn,
The new development will demolish the existing building and replace it with potentially multiple new retail buildings. Targeted users include restaurants, medical, cell phones, auto, and others.
The Henderson Street retail market is the premier retail corridor in the Galesburg market with strong demographics of over 40,000 residents and over $58,000 in average household income within a ten-mile radius of the property. Galesburg is the largest city in Knox County and offers a 35-mile trade area radius.