412 Spring Street, GALENA, IL 61036
Key Facts
Description
Price REDUCED to $850,000! TURN KEY Galena INN "Abe's Spring Street guest House! This B&B is licensed for an Inn, included in the sale price, the Website & booking system, furnishing & some of the work of art by the seller! GREAT BUSINESS OPPORTUNITY RIGHT ON HIGHWAY 20! Property is zoned DOWNTOWN COMMERCIAL & Residential with unlimited possibilities! The Annex 412 Spring St. & The Abe's Guest House 414 Spring St are being sold as ONE PROPERTY, which makes up the INN". Boasting 6 deluxe suites, & a private Sauna Room! The Annex was designed as an artist complex studio, having small commercial kitchen, in floor heat, upper office 396 sq. ft, ample storage space & 3 guest units, retail & or manufacturing space totaling appx 7530 sq. ft. The Annex built in 2000 on the foundation of "THE CITY BREWERY" of the 1800's uncovering 2 rock vaulted rooms, once used for the first cooling of the beer kegs! Both of these very unique and historical properties are truly Galena's gems! 414 Spring St. Abe's Guest House total sq. ft 2712, which has 3 guest units, was the original Ice House where the beer barrels were cooled. Total Sq Ft total of 10,342(county tax sheets ) for both The Annex & Abe's Guest House. The seller, a renowned artist, potter & sculptor, his work can be seen in many original details in these two building! All six units could be utilized for long term rentals. Each units are separately metered for electricity. WiFi is available in all units The top unit of "Abe's Guest House" has recently been remodeled and is actually a small two bedroom Apartment. Both buildings could be converted into private residential homes.Walking distance to downtown Galena with it's many shops and restaurants. This is a piece of Galena's history & unlimited possibilities for your own business! Call Ginger at 815-238-2939 for your private tour and see the hidden gems!
Property Information
Property Type
Commercial Sale
Sub-Type
Mixed Use
Year Built
2000
Living Area
10,342 sq ft
Lot Size
0.45 acres
Zoning
Downtown Commercial-Resid
Days on Market
1946
MLS® Listing#
201773
Property Features
Appliances
Cooling
Heating
Flooring
Roof
Schools
- District:
- Galena
Financial Details
Annual Taxes
$20,941
Tax year 2024
Parcel Number
2210068700
Affordability Calculator
$170,000
Estimated monthly payment
$4,524/mo
Principal $680,000 · Est. interest $948,661 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in GALENA, IL
- $364,151
- Median Listing Price
- 82
- Median Days on Market
- 1,972
- Median Sq Ft
- $199
- Median Price / Sq Ft
- 117
- Active Listings
- This home’s price is 133% above the area median.
- Its price per sq ft is 59% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in GALENA, IL.
Location
Points of Interest in GALENA, IL
Showing the GALENA area map.
Nearby Schools
Galena Primary School
Elementary · 0.9 mi away
Galena High School
Secondary · 0.9 mi away
Galena Unit School District #120
School · 1.0 mi away
Galena Middle School
Elementary · 1.1 mi away
Tri-State Christian School
Secondary · 1.5 mi away
Nativity of BVM School
School · 7.2 mi away
Southwestern Wisconsin High
Elementary · 8.2 mi away
St Joseph's School
School · 9.6 mi away
Scales Mound High School
Secondary · 10.3 mi away
Marquette High School
Secondary · 10.6 mi away
Bellevue Elementary School
Elementary · 10.8 mi away
River Ridge Elementary School
Secondary · 10.8 mi away
Benton School District
Secondary · 11.0 mi away
Bellevue High School
Secondary · 11.0 mi away
East Dubuque High School
Secondary · 11.3 mi away
St Mary's School
Elementary · 11.7 mi away
East Dubuque Elementary School
Elementary · 11.8 mi away
Table Mound Elementary School
Elementary · 13.1 mi away
Central Alternative High School
Secondary · 13.1 mi away
St. Columbkille Elementary School
Elementary · 13.2 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 51 Shenandoah Dr, GALENA, IL | $598,000 | 4 | — | 3,640 |
| 103 Fourth Street, GALENA, IL | $599,900 | 4 | — | 2,996 |
| 3 Harvest Lane, Galena, IL | $600,000 | 4 | 3 | 2,128 |
| 5140 Highway 20 West, GALENA, IL | $695,000 | 3 | — | 3,588 |
| 5140 Highway 20 West, GALENA, IL | $695,000 | — | — | 7,348 |
| 17 Cinnamon Drive, GALENA, IL | $724,900 | 4 | — | 3,652 |
Moving Cost Estimate
EXIT Agents in GALENA
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