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Turn-Key Inn with Annex
For Sale
$850,000

412 Spring Street, Galena, IL 61036

Licensed inn property with multiple guest suites and additional annex space on Highway 20.

Property Size10,342 SF
Price / SF$82.19
Days on Market52

Property Features for 412 Spring Street

General Information

Standard status Active
Size 10,342 SF
Property subtype Commercial/Industrial
Zoning Downtown Commercial-Resid

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Business Included Yes

Building Details

Year Built 2000
Listing Agency: Choice Realty
Listed By: Ginger Eisbach · License #475102866
Source: Choicerealtyfreeport.idxbroker
Added: Jun 30 Changed: Aug 14 Last Checked: Aug 20 at 4:07AM

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 Choice Realty

Investment Insights

Based on property information with market context.

This turn-key property includes two connected buildings sold as one: the Annex at 412 Spring St. and the Abe’s Guest House at 414 Spring St. The inn setup includes six deluxe suites and a private sauna room. Each building contains multiple guest units, and the Annex also includes a small commercial kitchen, in-floor heat, ample storage, and an upper office space, plus retail and/or manufacturing space totaling approximately 7,530 sq. ft. The Abe’s Guest House totals approximately 2,712 sq. ft. and includes three guest units. The top unit has recently been remodeled and is described as a small two-bedroom apartment. Both buildings feature unique historical elements, including uncovered rock vaulted rooms tied to the original City Brewery foundation, and the Abe’s Guest House is described as having been an ice house for beer barrels.

The combined property is zoned Downtown Commercial & Residential. The listing notes that the property is right on Highway 20, with walking distance to downtown Galena shops and restaurants.

For operators, this configuration supports hospitality use as a licensed inn, with each unit separately metered for electricity and WiFi available in all units. The layout also provides flexibility for long-term rentals, and the seller indicates both buildings could be converted into private residential homes. The website and booking system, furnishings, and certain work of art by the seller are included in the sale.

Key Highlights

  • 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

Property Analytics

Current Use

Artist Annex Art Gallery Genband Media, LLC Media Distribution Artisan Pizza Restaurant

Suggested Use

Top Pick Auto Repair Shop Plumbing Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store Barber Shop Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

618
Businesses Nearby
Well-served
Demand for This Use

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
Rey
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 inn property with multiple guest suites and additional annex space on Highway 20.
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: 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
More about this property
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