Turn-Key Galena Inn Guest
For Sale
$850,000
412 Spring Street, Galena, IL 61036
COMMERCIAL - GALENA, IL
Property Size10,342 SF
Lot Size0.45 Acres
Price / SF$82.19
Days on Market2031
Property Features for 412 Spring Street
General Information
Property type
Commercial Sale
Property subtype
Other
Elementary school district
Galena
Middle school district
Galena
High school district
Galena
Standard status
Active
APN
2210068700
Size
10,342 SF
Lot size
0.45 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
20941
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Amenities
private sauna room
small commercial kitchen
in-floor heat
ample storage space
WiFi
separately metered electricity
rock vaulted rooms
Building Details
Year built
2000
Flooring type
Tile, Concrete, Carpet, Wood
Roof type
Shingle, Rubber
Listing Agency:
CHOICE REALTY
(815) 777-3100
Listed By:
GINGER EISBACH · License #475102866
(815) 238-2939
Added: Jan 15, 2021
Changed: Aug 5
Last Checked: Aug 8 at 7:06AM
MLS# 201773
Copyright © 2026 NorthWest Illinois Alliance of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This turn-key Galena inn property combines two buildings: “Abe’s Spring Street Guest House” at 414 Spring St. and an annex at 412 Spring St. The guest house features three guest units, originally an ice house, and includes recent remodeling in the top unit, which is described as a small two-bedroom apartment. The annex includes artist studio components and includes three guest units, along with a small commercial kitchen, in-floor heat, an upper office of 396 square feet, and ample storage. The annex also totals approximately 7,530 square feet for retail and/or manufacturing space. Overall, the property is described as having six deluxe suites and a private sauna room, with WiFi available in all units. Each unit is separately metered for electricity.
The property is zoned “Downtown Commercial & Residential” and is positioned right on Highway 20. The annex is described as built in 2000 on the foundation of “The City Brewery” of the 1800s, including two rock vaulted rooms.
Sold as one property, the buildings are listed together with a total size of 10,342 square feet and include the licensed inn, website and booking system, furnishings, and some work of art by the seller.
The property is zoned “Downtown Commercial & Residential” and is positioned right on Highway 20. The annex is described as built in 2000 on the foundation of “The City Brewery” of the 1800s, including two rock vaulted rooms.
Sold as one property, the buildings are listed together with a total size of 10,342 square feet and include the licensed inn, website and booking system, furnishings, and some work of art by the seller.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
572
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 61036, IL
7,111
Population
5,187
Households
1.4
Avg Household Size
54
Median Age
46%
College-Educated
97%
High-School Grad
95.8 sq mi
ZIP Area
74
Density / Sq Mi
$80,574
Median Household Income
$51,507
Median Earnings
$758
Median Rent
$258,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Farmers Guest House — 334 Spring St, Galena, IL 61036
- The Steamboat House Bed and Breakfast — 605 S Prospect St, Galena, IL 61036
- Linen&Stone Inn — 349 Spring St, Galena, IL 61036
- The Federal House — 603 S Bench St, Galena, IL 61036
- Greenbriar Country Inn & Suites — 345 Spring St, Galena, IL 61036
Frequently Asked Questions
What type of property is this?
Bed & breakfast - Licensed bed-and-breakfast with six deluxe suites and included furnishings, sold as one property with an annex.
Where is this bed & breakfast located?
The property is located at 412 Spring Street Galena, IL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 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.
