Land for Sale - 360 South Farnham Street, Galesburg, IL 61401 - 2.23 acres

2.23 Acres in Galesburg, IL — Development & Investment Opportunity

360 South Farnham Street, Galesburg, IL | Lat/Lng:  40.9430, -90.3465

$29,950
2.23 ac.
09/12/2026
ACTIVE
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Description

Explore the potential of this 2.23-acre property in Galesburg, Illinois. With approximately 97,288 square feet of land and R2 – Two-Family District zoning, this property presents an opportunity for investors, developers, builders, and buyers seeking a sizeable parcel for residential development and other approved uses. The R2 District is primarily designed for residential development, including single-family and two-family dwellings. The zoning also allows certain community-related uses, giving buyers multiple opportunities to explore based on their goals and applicable local requirements. Why Consider This Property? 2.23 acres of land Approximately 97,288 square feet Located in Galesburg, Illinois R2 – Two-Family District zoning Development and investment potential Opportunity for residential development Multiple permitted uses under current zoning Spacious parcel for long-term investment Convenient access to local amenities and transportation routes Development Potential This property offers an opportunity for buyers looking to explore residential development, approved community-related uses, or long-term land investment. With its 2.23-acre size, buyers have space to evaluate different development options while planning according to local zoning requirements and approvals. Potential opportunities include: Residential development Duplex or two-family dwelling development Single-family home development Attached single-family dwellings, subject to applicable conditions Community-oriented uses Long-term land investment What Can You Build / Do Here? Based on the current R2 – Two-Family District zoning, permitted uses include: Single-family detached dwelling Two-family dwelling / duplex Community facility Day care home Golf course Park or playground Other uses may also be possible under conditional or special-use provisions, subject to applicable requirements and approvals. These may include: Attached single-family dwellings, subject to conditions Community residence Religious institution/church, subject to applicable requirements Nursing home, assisted living, or supportive living center with required approval Public building with required approval All development and uses are subject to applicable zoning requirements, permits, site requirements, utilities, access, and local approvals. Why This Property Stands Out 2.23 acres of land R2 – Two-Family District zoning Opportunity for single-family development Duplex and two-family dwelling potential Multiple permitted uses Additional conditional and special uses may be available Spacious parcel with room to plan Development and long-term investment potential Located in the Galesburg area Nearby Attractions Lake Storey — 10 minutes Galesburg Railroad Museum — 10 minutes Knox College — 10 minutes Downtown Galesburg — 10 minutes Discovery Depot — 10 minutes Nearby Major Cities Peoria, IL — 50 minutes Quad Cities — 1 hour Bloomington, IL — 1 hour 15 minutes Springfield, IL — 1 hour 30 minutes Chicago, IL — 2 hours 45 minutes Property Details Acreage: 2.23 acres Land Size: Approximately 97,288 sq. ft. County: Knox County, Illinois Municipality: Galesburg City ZIP Code: 61401 Parcel ID: 9914279044 Zoning: R2 – Two-Family District Land Use Class: Residential Elevation: Approximately 773 ft School District: Galesburg Community Unit School District 205 Legal Description: TINGLEY SUB LT 2 PLSS: 14-11N-1E Coordinates: 40.943031, -90.346498 Nearest Transmission Line: 4,077 ft Nearest Substation: 7,614 ft Sales price: $29,950 Secure Your Next Investment Opportunity Whether you are an investor, developer, builder, or buyer looking for a sizeable property, this 2.23-acre parcel in Galesburg, Illinois offers an opportunity to explore multiple development options under its current zoning. With generous acreage, R2 – Two-Family District zoning, and several permitted uses, this property gives you room to plan for your next residential or long-term investment project. Contact us today for more information and take the next step toward securing this Galesburg, Illinois property! Buyer is responsible for conducting all due diligence regarding zoning, permitted uses, utilities, access, development requirements, permits, and approvals. Any future development or use is subject to applicable local, county, and state regulations.

Details

County: Knox
Zipcode: 61401
Property Type One: Residential Property
Brokerage: Land.com
Brokerage Link: https://land.com
Land Listing Agent Photo
Monika Lucas
Land.com
(202) 280-1440
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