$ 460,000 $ 499,000 7.8%

349 Spring Street

Galena, IL 61036

  • 8 Beds
  • 8 Baths
    Full Baths: 8
  • 3,160 SqFt
  • 10,454 Lot Size
  • - Year Built
New Price!! Building zoned downtown commercial with endless possibilities, or a turnkey business opportunity. Own a piece of Galena's rich history and a successful hospitality business with this stunning 8-bedroom, 8-bathroom historic inn, built in 1838. Ideally located just steps from Galena's bustling Main Street, with ample parking in a private lot. This well-preserved property has been thoughtfully transformed into a thriving boutique hotel, offering a perfect blend of historic charm and modern conveniences for today's independent traveler. Each of the eight private suites features its own ensuite bath, ensuring guest comfort and privacy. The inn has been newly equipped with modern amenities like Tesla car charger, Ecobee smart thermostats, smart locks with keypad and key entry, smart TVs, mini-fridges with freezers, Keurig coffee makers, and eco-friendly toiletries from Public Goods, making it a favorite among discerning guests. Select rooms with a private entrance are also pet-friendly, broadening its appeal to a wide range of travelers. The inn's business operations are designed for ease and efficiency with online booking systems and minimal hands-on management. Guests enjoy shared spaces such as full kitchen, dining room, cozy lounge, and picturesque outdoor areas that offer a variety of relaxation options—from lounging in the canopy bed on the screened-in-porch with a book to gathering around the campfire for s'mores or enjoying picnics at the outdoor tables. The sale includes not just the property, but also the established and profitable business, complete with furnishings, decor, linens, towels, website offering direct bookings, a loyal customer base, and excellent reviews. With the road construction coming to a completion and private parking walkable to Galena's shops, restaurants, and entertainment, the inn is perfectly situated to attract visitors seeking both history and convenience. Whether you're an investor looking to expand your portfolio or an entrepreneur ready to step into a turnkey hospitality business, this historic inn offers tremendous potential. With flexible rental options, it's perfect for weekend travelers, wedding parties, and large groups. This property has been rezoned to downtown commercial, offering the option for retail, a restaurant, spa, or whatever else you can dream up (with city approval). Don't miss this rare opportunity to own a piece of Galena's history while running a successful boutique hotel. Contact us today to explore this unique investment in both real estate and hospitality! Business financials available upon request from qualified buyers. Seller is a licensed real estate agent.
Listed by Ginger Zambrano of DC Rise Real Estate , Sold By Danielle Cline of DC Rise Real Estate

PROPERTY DETAIL

  • Key Details

    Sold Price $460,0007.8%

    Property Type Single Family Home

    Sub Type House

    Listing Status Sold

    Purchase Type For Sale

    Square Footage 3, 160 sqft

    Price per Sqft $145

    Subdivision Il

    MLS Listing ID 202405927

    Sold Date 02/28/25

    Style Bed & Breakfest

    Bedrooms 8

    Full Baths 8

    Annual Tax Amount $10,770

    Tax Year 2023

    Lot Size 10,454 Sqft

    Property Sub-Type House

  • Location

    State IL

    County Jo Daviess County

    Area Jo Daviess County

  • Rooms

    Family Room No

    Basement Partial

    Primary Bedroom Level Main

    Dining Room Yes

  • Building

    Sewer City/Community

    Water City/Community

  • Interior

    Interior Features Book Cases Built In, Ceiling Fans/Remotes, Window Treatments

    Hot Water Natural Gas

    Heating Forced Air, Zoned, Natural Gas

    Cooling Central Air, Zoned

    Fireplaces Number 3

    Fireplaces Type Gas

  • Exterior

    Exterior Feature Brick/Stone, Wood, Stucco

    Parking Features Gravel, None

    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

Amanda Barker
Amanda Barker

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