412 Spring Street Galena, IL $ 850,000
412 Spring Street
$ 850,000
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412 Spring Street

Galena, IL, 61036
$ 850,000
Bedrooms-- Baths-- Sq 10,342

Monthly Estimate*

$ 5,303

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Commercial Property for sale in Galena, IL

for $850,000. This 10,342 square foot building was built on a lot size of 0.45.

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!

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Commercial Active

Price

$ 850,000

Property Type

Commercial

Taxes

$ 20,941

Style

Mixed Use

Lot Size

0.45

Town/City

Galena

County/Region

Jo Daviess

MLS | Web ID

201773

Features
General
Parking Yes
Zoning Downtown Commercial-Resid
Water City
Sewer City
School District Galena
Water Heater Electric
Township West Township
Class COMMERCIAL/INDUSTRIAL
Type Mixed Use
Tax Year 2024
Roof Shingle Rubber
Electric Circuit Breaker
Status ACTIVE and AVAILABLE
Subdivision IL
Sale/Rent For Sale
Status Detail 0
Primary City Galena
Year Built 2000
City GALENA
Taxes 20941
DOM 1784
Postal Code 61036
Price Per Sq Ft Total AG 82.19
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Interior
Basement Slab Cellar
Heating Gas Forced Air
Flooring Wood Carpet Tile Concrete
Warehouse Sq Ft 2712 Abe's
Walls Drywall
Insulation Yes
Air Conditioning Central
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Exterior
Exterior Brick Stone Cement Board
Sprinkler? No
Lot Size Area 0.45
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* Excluded Features
List By
Ginger Eisbach

Listing Agent

Choice Realty

Broker

geisbach68@gmail.com

Email

Affordability Calculator

$7,048
Per Month
75%
25%
0%
Monthly Principal & Interest
$5,303
Monthly Property Taxes
$1,745
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
3439153 Elementary School
3439169 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/16/2025$850,000 -5.03% Price Down
3/17/2025$895,000 -5.79% Price Down
7/9/2024$950,000 -8.77% Price Down
9/7/2021$1,041,300 -13.23% Price Down
8/12/2021$1,200,000 Listed Price

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412 Spring Street, Galena, IL, 61036 is a Commercial Property for sale at $850,000 with 10,342 sqft and a lot size of 0.45. The property's zip code is 61036 which is in Galena, IL