Mixed-Use Property with
For Sale
$795,000
515 Main Street, Galena, IL 61036
Connected buildings combine retail, restaurant, banquet, kitchen, residential, and outdoor areas.
Property SizeContact for details
Days on Market88
Property Features for 515 Main Street
General Information
Standard status
Active
Property subtype
Commercial/Industrial
Additional Details
Patio
Yes
Amenities
courtyard
deck
Building Details
Year Built
1940
Buildings
2
Listing Agency:
Emerald Realty Group
Listed By:
Robert McCarty
(815) 243-7095
Source:
Emeraldrealtyil.idxbroker
Added: Aug 4
Changed: Oct 25
Last Checked: Oct 28 at 4:51AM
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
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Investment Insights
Based on property information with market context.
This 10,972-square-foot mixed-use property consists of connected buildings at 515 and 517 South Main Street. Built in 1940, the asset includes retail space on the primary level, a restaurant layout above, a third-floor banquet hall, and a commercial kitchen on the fourth floor. An upper loft adds residential space, while 517 South Main Street includes additional retail area and a two-bedroom apartment upstairs.
Outdoor features include a courtyard south of 517 South Main Street and a rear deck. Interior circulation includes a prominent central staircase and a separate stairway serving employees and service functions. The property is zoned Improved Commercial and combines retail, restaurant, event, kitchen, residential, and outdoor areas within one connected commercial asset.
Outdoor features include a courtyard south of 517 South Main Street and a rear deck. Interior circulation includes a prominent central staircase and a separate stairway serving employees and service functions. The property is zoned Improved Commercial and combines retail, restaurant, event, kitchen, residential, and outdoor areas within one connected commercial asset.
Key Highlights
- 10,972‑square‑foot mixed‑use property at 515 and 517 South Main Street
- Retail space occupies the main level of 515 South Main Street
- Second‑floor restaurant arrangement and third‑floor banquet hall
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Current Use
Location Intelligence
Trade Area within ½ mile
572
Businesses Nearby
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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 Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Connected buildings combine retail, restaurant, banquet, kitchen, residential, and outdoor areas.
Where is this mixed-use property located?
The property is located at 515 Main Street Galena, IL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 10,972‑square‑foot mixed‑use property at 515 and 517 South Main Street; Retail space occupies the main level of 515 South Main Street; Second‑floor restaurant arrangement and third‑floor banquet hall
