Turnkey Short-Term Rental with
For Sale
$1,950,000
Pending
205 S Main Street, Galena, IL 61036
Turnkey short-term rental with two luxury suites, seven bedrooms, and four full baths plus a main-level storefront.
Property SizeContact for details
Days on Market48
Property Features for 205 S Main Street
General Information
Standard status
Pending
Property subtype
Commercial/Industrial
Zoning
Commercial
Additional Details
Business Included
Yes
Building Details
Year Built
1840
Listing Agency:
Emerald Realty Group
Listed By:
Robert McCarty
(815) 243-7095
Source:
Emeraldrealtyil.idxbroker
Added: Jul 28
Changed: Sep 9
Last Checked: Sep 13 at 4:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Emerald Realty Group
Investment Insights
Based on property information with market context.
This beautifully restored short-term rental property is set up to operate with a transferable short-term rental license and comes offered furnished. The layout features two spacious luxury suites with a total of seven bedrooms and four full baths, along with expansive living and dining areas, updated kitchens, and convenient laundry facilities. The property totals 7,423 SF and includes solar panels on the roof.
The main level also features a thriving storefront, providing an additional source of income. The building was originally constructed in 1840 and is located at 205 S. Main Street in historic Galena, IL.
With the combination of guest accommodations, supporting amenities, and a storefront component, the property offers a mixed-use configuration designed for continued day-one operation under the existing license.
The main level also features a thriving storefront, providing an additional source of income. The building was originally constructed in 1840 and is located at 205 S. Main Street in historic Galena, IL.
With the combination of guest accommodations, supporting amenities, and a storefront component, the property offers a mixed-use configuration designed for continued day-one operation under the existing license.
Key Highlights
- Transferable short‑term rental license with furnished setup
- Two luxury suites with seven bedrooms and four full baths
- Main‑level storefront adds an additional income component
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
604
Businesses Nearby
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Short term rental property - Turnkey short-term rental with two luxury suites, seven bedrooms, and four full baths plus a main-level storefront.
Where is this short term rental property located?
The property is located at 205 S Main Street Galena, IL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Transferable short‑term rental license with furnished setup; Two luxury suites with seven bedrooms and four full baths; Main‑level storefront adds an additional income component
