Your complete guide to business transactions in a railroad heritage city. Knox College, BNSF Railway hub, and regional market center.
Galesburg is a historic railroad city and home to Knox College, one of the nation's top liberal arts colleges. The city serves as a regional hub for western Illinois with BNSF Railway as a major employer and logistics center.
The downtown features historic architecture, local shops, and restaurants. Knox College adds cultural events and an educated population. While the city has faced economic challenges, ongoing revitalization efforts and affordable real estate create opportunities for entrepreneurs willing to invest in the community.
| Metric | Value |
|---|---|
| Population | 30,599 |
| Total Businesses | 1,400+ |
| Average Business Sale Price | $165,000 |
| Median Time to Sell | 13 months |
| Top Industries | Transportation/Logistics, Healthcare, Retail, Restaurants, Manufacturing |
| Region | Western Illinois |
Get expert guidance for your Galesburg business transaction.