former econo foods - loopnet · 2018. 2. 28. · executive summary galesburg - 962 e main st...

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©2017 Cushman & Wakefield NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE TO THE ACCURACY OR COMPLETENESS OF THE INFORMATION CONTAINED HEREIN, AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, WITHDRAWAL WITHOUT NOTICE, AND TO ANY SPECIAL LISTING CONDITIONS IMPOSED BY THE PROPERTY OWNER(S). AS APPLICABLE, WE MAKE NO REPRESENTATION AS TO THE CONDITION OF THE PROPERTY (OR PROPERTIES) IN QUESTION. For more information, please contact: Josh Seamans +1 319 731 3422 [email protected] RETAIL SPACE AVAILABLE Cushman & Wakefield 3500 American Blvd. W. Suite 200 Minneapolis, MN 55431 cushmanwakefield.com Deb Carlson +1 952 465 3370 [email protected] Skip Melin, CCIM +1 952 465 3377 [email protected] Former Econo Foods 962 East Main Street, Galesburg, IL 61401 http://www.spartannashrealestate.com 30,841 SF AVAILABLE

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Page 1: Former Econo Foods - LoopNet · 2018. 2. 28. · Executive Summary Galesburg - 962 E Main St Galesburg, IL Retail Listing 1 mile 3 miles 5 miles Population 2010 Population 11,846

©2017 Cushman & Wakefield NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE TO THE ACCURACY OR COMPLETENESS OF THE INFORMATION CONTAINED HEREIN, AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, WITHDRAWAL WITHOUT NOTICE, AND TO ANY SPECIAL LISTING CONDITIONS IMPOSED BY THE PROPERTY OWNER(S). AS APPLICABLE, WE MAKE NO REPRESENTATION AS TO THE CONDITION OF THE PROPERTY (OR PROPERTIES) IN QUESTION.

For more information, please contact:

Josh Seamans +1 319 731 3422 [email protected]

RETAIL SPACE AVAILABLE

Cushman & Wakefield 3500 American Blvd. W. Suite 200 Minneapolis, MN 55431cushmanwakefield.com

Deb Carlson +1 952 465 3370 [email protected]

Skip Melin, CCIM +1 952 465 [email protected]

Former Econo Foods962 East Main Street, Galesburg, IL 61401

http://www.spartannashrealestate.com

30,841 SF AVAILABLE

Page 2: Former Econo Foods - LoopNet · 2018. 2. 28. · Executive Summary Galesburg - 962 E Main St Galesburg, IL Retail Listing 1 mile 3 miles 5 miles Population 2010 Population 11,846

©2017 Cushman & Wakefield NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE TO THE ACCURACY OR COMPLETENESS OF THE INFORMATION CONTAINED HEREIN, AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, WITHDRAWAL WITHOUT NOTICE, AND TO ANY SPECIAL LISTING CONDITIONS IMPOSED BY THE PROPERTY OWNER(S). AS APPLICABLE, WE MAKE NO REPRESENTATION AS TO THE CONDITION OF THE PROPERTY (OR PROPERTIES) IN QUESTION.

For more information, please contact:

Josh Seamans +1 319 731 3422 [email protected]

RETAIL SPACE AVAILABLE

Cushman & Wakefield 3500 American Blvd. W. Suite 200 Minneapolis, MN 55431cushmanwakefield.com

Deb Carlson +1 952 465 3370 [email protected]

Skip Melin, CCIM +1 952 465 [email protected]

Former Econo Foods962 East Main Street, Galesburg, IL 61401

http://www.spartannashrealestate.com

Property Highlights BUILDING INFORMATION

Location East Main Street & Pine Street

Building Size 30,841 square feet

Space Available 30,841 square feet

Lease Rate $5.00 psf

Sale Price $450,000.00

DEMOGRAPHICS 1 Mile 3 Miles 5 Miles

Population 11,199 31,637 35,382

Households 4,426 12,657 14,228

Avg. HH Income $46,041 $53,546 $54,504

Daytime Population 6,992 17,535 19,488

TRAFFIC COUNTS VPD

East Main Street West of Grand Avenue 9,250

East Main Street East of Grand Avenue 8,100

Grand Avenue South of East Main Street 5,750

• Freestanding, former supermarket building with large parking lot

• Located on Main Street, on the entrance to the historic Galesburg downtown

• The City of Galesburg is interested in working with new businesses that want to locate to the area

• Large pylon sign available

• Space can be subdivided

OPERATING EXPENSES (2016 ESTIMATES)

Total $1.92 psf

Page 3: Former Econo Foods - LoopNet · 2018. 2. 28. · Executive Summary Galesburg - 962 E Main St Galesburg, IL Retail Listing 1 mile 3 miles 5 miles Population 2010 Population 11,846

FOR SALE OR LEASEFormer Econo Foods962 East Main Street, Galesburg, IL 61401

RETAIL SPACE AVAILABLE

Page 4: Former Econo Foods - LoopNet · 2018. 2. 28. · Executive Summary Galesburg - 962 E Main St Galesburg, IL Retail Listing 1 mile 3 miles 5 miles Population 2010 Population 11,846

FOR SALE OR LEASEFormer Econo Foods962 East Main Street, Galesburg, IL 61401

RETAIL SPACE AVAILABLE

Page 5: Former Econo Foods - LoopNet · 2018. 2. 28. · Executive Summary Galesburg - 962 E Main St Galesburg, IL Retail Listing 1 mile 3 miles 5 miles Population 2010 Population 11,846

Executive SummaryGalesburg - 962 E Main StGalesburg, ILRetail Listing

1 mile 3 miles 5 milesPopulation

2010 Population 11,846 33,002 36,756

2017 Population 11,199 31,637 35,3822022 Population 10,709 30,465 34,131

2010-2017 Annual Rate -0.77% -0.58% -0.52%

2017-2022 Annual Rate -0.89% -0.75% -0.72%

2017 Male Population 48.4% 50.4% 50.5%2017 Female Population 51.6% 49.6% 49.5%2017 Median Age 36.0 41.0 41.5

Currently, the U.S. median age is 38.2 years old.

Population by Employment2017 Civilian Population Base 4,717 12,549 14,210

2017 % Civilian Labor Force Employed 92.5% 93.5% 93.9%

2017 % Civilian Labor Force Unemployed 7.5% 6.5% 6.1%

Occupation Distribution2017 % White Collar Jobs 46.9% 52.8% 53.0%

2017 % Services Jobs 25.9% 21.9% 21.8%

2017 % Blue Collar Jobs 27.2% 25.4% 25.2%

Population by Education2017 Education Base - Population 25 + 7,149 22,128 24,929

Less than 9th Grade 5.7% 4.4% 4.3%

9th - 12th Grade, No Diploma 9.3% 9.5% 9.4%

High School Graduate 32.8% 28.5% 28.8%

GED/Alternative Credential 7.7% 7.2% 6.9%

Some College, No Degree 20.7% 21.5% 21.8%

Associate Degree 10.8% 10.6% 10.8%

Bachelor's Degree 7.4% 10.4% 10.6%

Graduate/Professional Degree 5.6% 7.7% 7.5%

Per Capita Income2017 Per Capita Income $18,883 $22,492 $22,7452022 Per Capita Income $20,759 $25,142 $25,378

2017-2022 Annual Rate 1.91% 2.25% 2.21%

Currently, the U.S. per capita income is $30,820. The per capita income is projected to be $34,828 in five years, for all U.S. households.

Households2010 Households 4,732 13,308 14,884

2017 Total Households 4,426 12,657 14,2282022 Total Households 4,204 12,110 13,648

2010-2017 Annual Rate -0.92% -0.69% -0.62%

2017-2022 Annual Rate -1.02% -0.88% -0.83%

2017 Average Household Size 2.29 2.22 2.21

Median Household Income2017 Median Household Income $34,697 $38,977 $40,1522022 Median Household Income $36,187 $41,164 $42,514

2017-2022 Annual Rate 0.84% 1.10% 1.15%

Currently, the median household income is $56,124for all U.S. households. Median household income is projected to be $77,118 in five years, for all U.S. households.

Source: U.S. Census Bureau, Census 2010 Data. Esri forecasts for 2017 and 2022

November 01, 2017Prepared By Cushman & Wakefield Click Me

©2017 Esri Latitude: 40.94712 Longitude: -90.355159 Page 1 of 2

Executive SummaryGalesburg - 962 E Main StGalesburg, ILRetail Listing

1 mile 3 miles 5 milesAverage Household Income

2017 Average Household Income $46,041 $53,546 $54,5042022 Average Household Income $51,055 $60,414 $61,334

2017-2022 Annual Rate 2.09% 2.44% 2.39%

Currently, the average household income is $80,675 for all U.S households. Average household income is projected to be $109,982 in five years, for all U.S. households Households by Income

2017 Household Income Base 4,426 12,657 14,228

<$15,000 834 2,105 2,259

$15,000-$24,999 828 1,964 2,183

$25,000-$34,999 564 1,558 1,699

$35,000-$49,999 711 2,068 2,289

$50,000-$74,999 766 2,223 2,552

$75,000-$99,999 323 1,241 1,453

$100,000-$149,999 305 1,024 1,284

$150,000-$199,999 62 265 287

$200,000+ 33 209 221

Housing

2010 Housing Units 5,274 14,596 16,302Owner Occupied Housing Units 50.2% 56.8% 58.3%

Renter Occupied Housing Units 39.6% 34.4% 33.0%

Vacant Housing Units 10.3% 8.8% 8.7%

2017 Housing Units 5,224 14,489 16,189Owner Occupied Housing Units 44.8% 51.6% 53.4%

Renter Occupied Housing Units 39.9% 35.8% 34.5%

Vacant Housing Units 15.3% 12.6% 12.1%

2022 Housing Units 5,224 14,489 16,189Owner Occupied Housing Units 42.0% 49.1% 51.0%

Renter Occupied Housing Units 38.5% 34.5% 33.3%

Vacant Housing Units 19.5% 16.4% 15.7%

Currently, in the U.S., 55.6% of the housing units are owner occupied; 33.1% are renter occupied; and 11.3% are vacant.

Daytime PopulationTotal Employees 6,992 17,535 19,488

Total Businesses 626 1,354 1,495

Total Residential Population 11,199 31,637 35,382

Employee/Residential Population Ratio 62 55 55

Top Tapestry Segments1 mile 3 miles 5 miles

Hardscrabble Road (8G)Heartland Communities (6F)Traditional Living (12B)Set to Impress (11D)Social Security Set (9F)

22.9%19.1%

18.8%16.1%

9.9%

Traditional Living (12B)Heartland Communities (6F)Midlife Constants (5E)Hardscrabble Road (8G)Retirement Communities (9E)

16.0%14.6%

13.0%

11.1%

10.0%

Heartland Communities (6F)Traditional Living (12B)Midlife Constants (5E)Hardscrabble Road (8G)Retirement Communities (9E)

15.8%14.2%

12.3%10.7%

8.9%

More information about tapestry descriptions can be found here

Source: U.S. Census Bureau, Census 2010 Data. Esri forecasts for 2017 and 2022

November 01, 2017Prepared By Cushman & Wakefield Click Me

©2017 Esri Latitude: 40.94712 Longitude: -90.355159 Page 2 of 2

Demographics

FOR SALE OR LEASEFormer Econo Foods962 East Main Street, Galesburg, IL 61401

RETAIL SPACE AVAILABLE