Technical
Financial
Distress signals
Property profile

900 3Rd St Galena, IL 61036

OFF-MARKET
Hotels
Property ID
US28-3587344
Built 1845
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Property summary

AI-generated overview

This historic 1845 Galena, IL inn, boasting a TripAdvisor #1 ranking and national accolades, presents a remarkable turnkey investment opportunity. The 5-key, 5-bedroom bed and breakfast enjoys a 60% occupancy rate and consistently outperforms market averages in revenue and rates. Recent extensive renovations (2022-2023) include a new roof, windows, kitchen, and HVAC systems throughout, ensuring low maintenance costs. Each guest room features individually controlled HVAC, and the property includes a private 1-bedroom innkeeper's suite. The inn benefits from a loyal customer base, over 1000 five-star reviews, and a robust online presence, including a recently updated SEO-optimized website and a highly engaged social media following (over 2500 followers on Facebook). Situated on nearly half an acre in a residential neighborhood, the property is within walking distance of Galena's downtown area and a short drive from other area attractions. Its prime location, within a 3-hour radius of major cities like Chicago and Milwaukee, ensures a steady stream of year-round visitors. This exceptional property offers immediate return on investment, a strong foundation for future growth, and the opportunity to build upon an already successful and highly-rated hospitality business. The permitted zoning is residential. Asking price is $975,000.

Property profile

Verified
Property type Hotels
Year built 1845
UPID US28-3587344

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bed & Breakfast Restaurant

Location

900 3Rd St Galena, IL 61036
Galena metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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