515 Main Street
Commercial $ 800,000

515 Main Street

Galena, IL 61036

  • 10,972 SqFt
  • 6,969 Lot Size
  • - Year Built
Introducing 515 and 517 Main Street—an extraordinary opportunity located just beyond Galena's historic flood gates. Rich with character and history, these connected buildings are ready for a visionary buyer to bring new life to one of Galena's most unique properties. The main level of 515 Main Street offers expansive retail space, while the second level is currently arranged as a restaurant. At the heart of the building is a breathtaking staircase that looks as though it came straight from a dream, beautifully connecting each level and adding unforgettable architectural character throughout the property. A second staircase provides convenient employee and service access between the floors. Continue upward to discover a spacious banquet hall on the third floor, followed by a large commercial-style kitchen on the fourth floor—a cook's dream with plenty of room to create something truly special. The upper loft also provides additional residential space. Connected from the interior main level, 517 Main Street expands the available retail footprint and offers even more possibilities. The upper level features a two-bedroom apartment, creating an opportunity for owner occupancy, employee housing, long-term rental income, or another potential use. Outside, enjoy a beautiful courtyard located to the south of 517 Main Street, along with a deck at the rear of the building—perfect for outdoor dining, entertaining, or relaxing. With retail, restaurant, event, residential, and outdoor spaces all wrapped into one remarkable property, the possibilities are nearly endless. These buildings have been patiently waiting for someone with the creativity and ambition to restore them to their full potential and make their next chapter a reality.
Listed by Danielle Cline of DC Rise Real Estate

PROPERTY DETAIL

  • Key Details

    Property Type Commercial

    Sub Type Commercial

    Listing Status Active

    Purchase Type For Sale

    Square Footage 10, 972 sqft

    Price per Sqft $72

    Subdivision Il

    MLS Listing ID 202604533

    Annual Tax Amount $16,104

    Tax Year 2025

    Lot Size 6,969 Sqft

    Property Sub-Type Commercial

  • Location

    State IL

  • Rooms

    Basement Slab

  • Building

    Sewer City

    Water City

  • Interior

    Hot Water Natural Gas

    Heating Gas

    Flooring Wood, Carpet

  • Exterior

    Exterior Feature Brick

    Roof Type Other

  • Schools

    School District Galena

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CONTACT

Danielle Cline
Danielle Cline

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