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 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
©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
FOR SALE OR LEASEFormer Econo Foods962 East Main Street, Galesburg, IL 61401
RETAIL SPACE AVAILABLE
FOR SALE OR LEASEFormer Econo Foods962 East Main Street, Galesburg, IL 61401
RETAIL SPACE AVAILABLE
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