Single Family Home $ 419,000

341 Spring Street

Galena, IL 61036

  • 4 Beds
  • 4 Baths
    Full Baths: 4
  • 2,096 SqFt
  • 0.46 Lot Size
  • - Year Built
Rare opportunity to acquire a fully operational, income-producing commercial property with additional buildable land and ample parking—offering immediate cash flow and long-term upside. Unlock the potential of this versatile commercial property, currently operating as Greenbriar Suites, offering multiple income and redevelopment opportunities in one prime package. Zoned commercial and situated on 0.46 acres (including two additional buildable lots), this property is ideal for continued use as a bed & breakfast, or conversion to professional offices, boutique retail, or other business ventures. The property includes four private guest suites, each with its own exterior entrance, full bath, gas fireplace, and furnishings (included if desired)—well-suited for short-term rentals or easily adapted for individual office or retail use. Operational features include zoned heating, two 50-gallon gas water heaters, and a large laundry room, all of which support efficient day-to-day operations. Guests and clients will appreciate 10 dedicated parking spaces, along with a charming rear deck/patio that enhances the overall experience. The building is currently configured in conjunction with the owner's residence to meet inn requirements. While the residence is not included in this listing, it may be purchased separately by the buyer of the suites, creating a unique opportunity for a live/work setup or expanded hospitality use. With flexible zoning, strong infrastructure, ample parking, and additional buildable land, this property presents a rare chance to own, operate, or reimagine a business in a high-demand setting.
Listed by MARK SUMPTER of DC Rise Real Estate

PROPERTY DETAIL

  • Key Details

    Property Type Single Family Home

    Sub Type House

    Listing Status Active

    Purchase Type For Sale

    Square Footage 2, 096 sqft

    Price per Sqft $199

    Subdivision Il

    MLS Listing ID 202602119

    Style Bed & Breakfest

    Bedrooms 4

    Full Baths 4

    Annual Tax Amount $7,704

    Tax Year 2025

    Lot Size 0.460 Acres

    Property Sub-Type House

  • Location

    State IL

    Area Jo Daviess County

  • Rooms

    Family Room No

    Basement Partial

    Primary Bedroom Level Main

    Dining Room No

  • Building

    Sewer City/Community

    Water City/Community

  • Interior

    Interior Features Ceiling Fan(s), Window Treatments

    Hot Water Gas

    Heating Forced Air, Zoned, Natural Gas

    Cooling Central Air, Zoned

    Fireplaces Number 4

    Fireplaces Type Gas

  • Exterior

    Exterior Feature Brick/Stone, Siding, Wood

    Parking Features Gravel

    Roof Type Shingle

  • Schools

    Elementary Schools Galena

    Middle Schools Galena

    High Schools Galena

    School District Galena

  • Others

    Ownership Fee Simple

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CONTACT

Mark Sumpter
Mark Sumpter

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