239 S Cherry Street
Galesburg, IL, 61401 Baths0.0 Sq 139,192 Monthly Estimate*
-- Studio . This 139,192 square foot home was built in 1912 on a lot size of 2.7.
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!
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FeaturesGeneralCooling None
Zoning COMMR
Year Built 1912
Stories Count 5
Township Galesburg
Tax Year 2023
Current Use Commercial Office
County Knox
Net Operating Income 0
Operating Expense 0
Property Type Commercial Sale Instut/To Develop
Possible Use Commercial Office Retail
Status Auction
Directions East or West to Cheery Street Southbound on Cherry Street to Property
City Galesburg
MLS Area Galesburg
Lot Size Square Feet 119276
Tax Annual Amount 20122
Additional Parcels Y/N N
Standard Status Active
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ExteriorBuilding Area Total 139192
Lot Dimensions 395X333
Lot Size Acres 2.7
Frontage Type City Street Public Road
Waterfront Y/N N
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* Excluded FeaturesList Byubaldo@theforwardgroup.net;tc@theforwardgroup.netEmail
Affordability Calculator
- Monthly Principal & Interest
- --
- Monthly Property Taxes
- $1,677
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyAbout Galesburg, IL 30,515 Population
-10% Since 2002
$ 34,434 Median Income
39.21 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/16/2025 | $0 | -100.00% | Price Down |
| 3/4/2025 | $1,600,000 | | Listed Price |