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    Turn-Key Galena Inn Guest House
    Updated: Jan 15, 2021
    Turn-Key Galena Inn Guest House

    412 Spring Street, Galena, IL 61036

    $850,000
    10,342 sqft 0.45 AC lot
    Price reduced to $850,000 for the licensed Galena Inn B&B (incl. website & booking system) at 412 & 414 Spring St.
    One property with 6 deluxe suites plus a private sauna room; both buildings sold together for B&B or rental uses.
    Total size approx. 10,342 SF: Annex approx. 7,530 SF and Abe's Guest House 2,712 SF, with 3 guest units each.
    Annex built in 2000 on the foundation of the 1800s City Brewery, with 2 rock vaulted rooms; includes small commercial kitchen and in‑floor heat.
    Annex upper office is 396 SF; Abe's Guest House was the original ice house for cooling beer barrels.
    View details
    Turn-Key Inn with Annex
    Updated: Jun 30
    Turn-Key Inn with Annex

    412 Spring Street, Galena, IL 61036

    $850,000
    10,342 sqft
    Licensed inn property on Highway 20 with 6 deluxe suites plus a private sauna room
    Two buildings sold as one: Annex at 412 Spring St and Abe's Guest House at 414 Spring St
    Annex designed as an artist complex studio with a small commercial kitchen, in‑floor heat, upper office (396 SF), and ample storage
    Annex and guest house combine for approx. 10,342 total SF with 3 guest units at 414 Spring St
    Annex space totals approx. 7,530 SF and includes retail and/or manufacturing space
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 2 Active listings in Galena, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Wedding Venue with Residence
    Wedding Venue with Residence

    15165 Quigley Road, Sycamore, IL 60178

    $1,995,000
    7.00 AC lot

    Event facilities, a chapel, landscaped grounds, and an on-site residence create a flexible hospitality property.

    View details
    Wedding Venue with Residence
    Wedding Venue with Residence

    15165 Quigley Road, Sycamore, IL 60178

    $1,995,000
    7.00 AC lot

    Event facilities, a chapel, and an on-site residence create a versatile wedding venue setting.

    View details
    Hospitality Property with Motel Units
    Hospitality Property with Motel Units

    211 Wisconsin Ave, Wisconsin Dells, WI 53965

    $2,200,000

    Operational lodging property combining a main-house rental model with a separate 22-unit seasonal motel.

    View details
    Riverfront Hotel and Motel
    Riverfront Hotel and Motel

    930 River Rd, Wisconsin Dells, WI 53965

    Contact for pricing

    Downtown Wisconsin Dells lodging with 43 guest rooms across B&B houses, bungalows, and a motel.

    View details

    Off-Market Properties in Galena, IL

    Consider similar Off-Market properties in Galena, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    900 3Rd St
    Hotels

    900 3Rd St, Galena, IL 61036

    Value Estimation by Request
    View details

    Galena, IL Bed & Breakfasts Market Trends and Statistics

    Explore 3 bed & breakfasts for sale in Galena, IL on our real estate platform. These investment opportunities span a total of 20,684 square feet of properties for sale, with an estimated market value of $1,700,000.

    Sale prices for inns in Galena, IL average $850,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Bed & breakfasts 3
    Hotels 1

    Demographics Overview

    Population 7,014
    Population Growth (5Y) +6.0%
    Median Household Income $80,574
    College Educated 63.5%

    High-Yield Neighborhoods for Investment

    Identify Galena submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    61036 $850K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Jo Daviess County

    New Delisted

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