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Description
Step into a rare piece of downtown Galesburg history, now ready for its next chapter. Formerly the Galesburg Public Library, this iconic landmark at 40 E. Simmons St. stands in the very heart of the Central Business District. With its brick and slate exterior and commanding street presence, it offers the perfect blend of historic character and modern potential. Inside, the building has been fully emptied and is primed for redevelopment. The layout features a large, open upstairs level ideal for creative office, retail, gallery, event, or boutique hospitality concepts plus a partial basement for storage and back-of-house needs. Recent rooftop HVAC units installed in 2020 provide a valuable systems update for a head start on build-out. The property benefits from B-3 Central Business District zoning, supporting a wide range of commercial uses in this walkable, amenity-rich location. Positioned amid restaurants, shops, services, public parking, and civic anchors and just one block from Main Street, this is a signature redevelopment opportunity where historic charm meets everyday convenience. Write the next story for a Galesburg cornerstone and bring your vision to life downtown.
Property Highlights
Property Type: Commercial - Retail
Building Description: 2.0 stories
Available Sqft: 30849
Year Built: 1961
General Information
County: Knox
Listed By:
CENTURY 21 Tucker Swanson
Office: 309-343-6121
RMLSA
MLS ID: CA1039079
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40 E Simmons Street, Galesburg, IL 61401.
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563-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $675,000 | $675,000 | $675,000 |
| Down Payment | $135,000 | $23,625 | $168,750 |
| Monthly Mortgage Amount | $3,194 | $3,868 | $4,103 |
| Taxes | $939 | $939 | $939 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $297 | $0 |
| Monthly Estimated Total | $4,330 | $5,301 | $5,239 |
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!
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